PSX:EWIC Income Statement

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

Millions PKR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	7,286	4,304	3,806	2,732	2,118
Total Interest & Dividend Income	447.73	424.22	367.72	194.54	103.24
Gain (Loss) on Sale of Investments	571.22	331.36	39.01	-6.54	-8.59
Other Revenue	32.23	31.82	23.18	7.34	3.83
Total Revenue	8,337	5,091	4,236	2,928	2,216
Revenue Growth (YoY)	63.75%	20.20%	44.68%	32.12%	14.15%
Policy Benefits	3,278	1,945	1,824	1,325	887.39
Policy Acquisition & Underwriting Costs	2,422	1,658	1,648	1,133	544.89
Amortization of Goodwill & Intangibles	0.02	0.04	0.05	0.07	0.1
Depreciation & Amortization	55.76	45.51	31.47	26.05	19.16
Selling, General & Administrative	1,452	1,061	775.15	538.56	452.89
Provision for Bad Debts	-	3.47	12.07	3.64	9.44
Other Operating Expenses	-962.21	-952.37	-823.69	-647.61	-122.58
Total Operating Expenses	6,411	3,891	3,559	2,450	1,859
Operating Income	1,926	1,200	677.01	477.73	357.43
Interest Expense	-5.11	-6	-8.01	-4.11	-0.18
Other Non Operating Income (Expenses)	-1.28	-1.25	-0.61	-0.47	-0.37
EBT Excluding Unusual Items	1,920	1,193	668.39	473.15	356.88
Gain (Loss) on Sale of Assets	8.48	3.92	8.18	4.12	0.63
Pretax Income	1,928	1,197	676.56	477.27	357.51
Income Tax Expense	478.93	223.96	93.41	89.17	45.05
Net Income	1,449	972.85	583.15	388.1	312.47
Net Income to Common	1,449	972.85	583.15	388.1	312.47
Net Income Growth	48.99%	66.83%	50.26%	24.21%	35.05%
Shares Outstanding (Basic)	310	310	234	234	232
Shares Outstanding (Diluted)	310	310	234	234	232
Shares Change (YoY)	-	32.25%	-	1.10%	16.23%
EPS (Basic)	4.68	3.14	2.49	1.66	1.35
EPS (Diluted)	4.68	3.14	2.49	1.66	1.35
EPS Growth	48.99%	26.15%	50.26%	22.86%	16.19%
Free Cash Flow	5,179	950.73	431.23	134.55	325.81
Free Cash Flow Per Share	16.73	3.07	1.84	0.57	1.41
Operating Margin	23.10%	23.57%	15.98%	16.32%	16.13%
Profit Margin	17.39%	19.11%	13.77%	13.26%	14.10%
Free Cash Flow Margin	62.12%	18.67%	10.18%	4.60%	14.70%
EBITDA	1,976	1,237	700.99	495.41	376.58
EBITDA Margin	23.70%	24.30%	16.55%	16.92%	16.99%
D&A For EBITDA	49.55	36.85	23.99	17.68	19.16
EBIT	1,926	1,200	677.01	477.73	357.43
EBIT Margin	23.10%	23.57%	15.98%	16.32%	16.13%
Effective Tax Rate	24.84%	18.71%	13.81%	18.68%	12.60%

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