PSX:EWIC Income Statement

Financials in millions PKR. Fiscal year is January - December.

Millions PKR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Premiums & Annuity Revenue	6,088	4,304	3,806	2,732	2,118	1,853
Total Interest & Dividend Income	505.44	424.93	367.72	194.54	103.24	88.02
Gain (Loss) on Sale of Investments	532.15	330.7	39.01	-6.54	-8.59	-1.58
Other Revenue	98.45	31.76	23.18	7.34	3.83	2.31
Total Revenue	7,224	5,091	4,236	2,928	2,216	1,941
Revenue Growth (YoY)	53.41%	20.20%	44.68%	32.12%	14.15%	29.02%
Policy Benefits	2,790	1,945	1,824	1,325	887.39	817.83
Policy Acquisition & Underwriting Costs	2,010	1,658	1,648	1,133	544.89	411.27
Amortization of Goodwill & Intangibles	0.04	0.04	0.05	0.07	0.1	0.15
Depreciation & Amortization	55.45	45.51	31.47	26.05	19.16	22.09
Selling, General & Administrative	1,380	1,065	787.22	538.56	452.89	412.6
Provision for Bad Debts	4.82	-	-	3.64	9.44	3.43
Other Operating Expenses	-971.02	-952.37	-823.69	-647.61	-122.58	-83.02
Total Operating Expenses	5,413	3,891	3,559	2,450	1,859	1,645
Operating Income	1,811	1,200	677.01	477.73	357.43	295.78
Interest Expense	-4.34	-6	-8.01	-4.11	-0.18	-1.24
Other Non Operating Income (Expenses)	-1.9	-1.25	-0.61	-0.47	-0.37	-0.41
EBT Excluding Unusual Items	1,805	1,193	668.39	473.15	356.88	294.14
Gain (Loss) on Sale of Assets	6.16	3.92	8.18	4.12	0.63	3.26
Pretax Income	1,811	1,197	676.56	477.27	357.51	297.4
Income Tax Expense	319.16	223.96	93.41	89.17	45.05	66.02
Net Income	1,492	972.85	583.15	388.1	312.47	231.38
Net Income to Common	1,492	972.85	583.15	388.1	312.47	231.38
Net Income Growth	85.17%	66.83%	50.26%	24.21%	35.05%	25.85%
Shares Outstanding (Basic)	269	269	213	213	211	181
Shares Outstanding (Diluted)	269	269	213	213	211	181
Shares Change (YoY)	9.55%	26.17%	-	1.10%	16.23%	-
EPS (Basic)	5.56	3.62	2.74	1.82	1.48	1.28
EPS (Diluted)	5.56	3.62	2.74	1.82	1.48	1.28
EPS Growth	69.02%	32.22%	50.26%	22.86%	16.19%	25.85%
Free Cash Flow	2,603	950.73	431.23	134.55	325.81	156.23
Free Cash Flow Per Share	9.69	3.54	2.03	0.63	1.55	0.86
Operating Margin	25.07%	23.57%	15.98%	16.32%	16.13%	15.24%
Profit Margin	20.65%	19.11%	13.77%	13.26%	14.10%	11.92%
Free Cash Flow Margin	36.03%	18.67%	10.18%	4.60%	14.70%	8.05%
EBITDA	1,856	1,237	700.99	495.41	376.58	313.49
EBITDA Margin	25.69%	24.30%	16.55%	16.92%	16.99%	16.15%
D&A For EBITDA	44.99	36.85	23.99	17.68	19.16	17.7
EBIT	1,811	1,200	677.01	477.73	357.43	295.78
EBIT Margin	25.07%	23.57%	15.98%	16.32%	16.13%	15.24%
Effective Tax Rate	17.62%	18.71%	13.81%	18.68%	12.60%	22.20%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.