PSX:EWIC Income Statement

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

Millions PKR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	7,866	7,286	4,304	3,806	2,732	2,118
Total Interest & Dividend Income	301.6	447.73	424.22	367.72	194.54	103.24
Gain (Loss) on Sale of Investments	571.22	571.22	331.36	39.01	-6.54	-8.59
Other Revenue	37.08	32.23	31.82	23.18	7.34	3.83
Total Revenue	8,776	8,337	5,091	4,236	2,928	2,216
Revenue Growth (YoY)	57.91%	63.75%	20.20%	44.68%	32.12%	14.15%
Policy Benefits	3,540	3,278	1,945	1,824	1,325	887.39
Policy Acquisition & Underwriting Costs	2,501	2,422	1,658	1,648	1,133	544.89
Amortization of Goodwill & Intangibles	0.02	0.02	0.04	0.05	0.07	0.1
Depreciation & Amortization	55.76	55.76	45.51	31.47	26.05	19.16
Selling, General & Administrative	1,552	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	-989.98	-962.21	-952.37	-823.69	-647.61	-122.58
Total Operating Expenses	6,825	6,411	3,891	3,559	2,450	1,859
Operating Income	1,951	1,926	1,200	677.01	477.73	357.43
Interest Expense	-5.31	-5.11	-6	-8.01	-4.11	-0.18
Other Non Operating Income (Expenses)	21.01	-1.28	-1.25	-0.61	-0.47	-0.37
EBT Excluding Unusual Items	1,967	1,920	1,193	668.39	473.15	356.88
Gain (Loss) on Sale of Assets	8.48	8.48	3.92	8.18	4.12	0.63
Pretax Income	1,975	1,928	1,197	676.56	477.27	357.51
Income Tax Expense	499.53	478.93	223.96	93.41	89.17	45.05
Net Income	1,476	1,449	972.85	583.15	388.1	312.47
Net Income to Common	1,476	1,449	972.85	583.15	388.1	312.47
Net Income Growth	38.72%	48.99%	66.83%	50.26%	24.21%	35.05%
Shares Outstanding (Basic)	309	310	310	234	234	232
Shares Outstanding (Diluted)	309	310	310	234	234	232
Shares Change (YoY)	-1.13%	-	32.25%	-	1.10%	16.23%
EPS (Basic)	4.77	4.68	3.14	2.49	1.66	1.35
EPS (Diluted)	4.77	4.68	3.14	2.49	1.66	1.35
EPS Growth	40.30%	48.99%	26.15%	50.26%	22.86%	16.19%
Free Cash Flow	5,735	5,179	950.73	431.23	134.55	325.81
Free Cash Flow Per Share	18.54	16.73	3.07	1.84	0.57	1.41
Operating Margin	22.23%	23.10%	23.57%	15.98%	16.32%	16.13%
Profit Margin	16.82%	17.39%	19.11%	13.77%	13.26%	14.10%
Free Cash Flow Margin	65.35%	62.12%	18.67%	10.18%	4.60%	14.70%
EBITDA	2,004	1,976	1,237	700.99	495.41	376.58
EBITDA Margin	22.84%	23.70%	24.30%	16.55%	16.92%	16.99%
D&A For EBITDA	53.07	49.55	36.85	23.99	17.68	19.16
EBIT	1,951	1,926	1,200	677.01	477.73	357.43
EBIT Margin	22.23%	23.10%	23.57%	15.98%	16.32%	16.13%
Effective Tax Rate	25.29%	24.84%	18.71%	13.81%	18.68%	12.60%

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