Habib Insurance Company Limited (PSX: HICL)

Habib Insurance Company Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	1,439	1,509	1,228	805.99	734.76	753.35
Total Interest & Dividend Income	306.65	296.16	183.47	116.14	91.27	65.11
Gain (Loss) on Sale of Investments	28.04	38.35	-49.6	27.96	7.82	34.27
Other Revenue	118.39	47.96	16.92	12.86	5.22	21.07
Total Revenue	1,892	1,891	1,379	962.95	839.06	873.8
Revenue Growth (YoY)	4.73%	37.14%	43.20%	14.77%	-3.98%	18.48%
Policy Benefits	880.3	951.9	627.31	380.26	355.9	417.75
Policy Acquisition & Underwriting Costs	489.94	442.46	346.82	237.55	11.99	5.9
Amortization of Goodwill & Intangibles	-	-	-	-	-	1.67
Depreciation & Amortization	-	-	-	-	-	19.2
Selling, General & Administrative	845.82	814.9	727.08	518.13	432.05	328.02
Other Operating Expenses	-172.07	-139.11	-56.09	-14.57	-63.42	-66.04
Reinsurance Income or Expense	407.62	351.03	391.54	258.84	-	-
Total Operating Expenses	1,636	1,719	1,254	862.53	736.52	759.18
Operating Income	255.72	171.9	125.34	100.42	102.54	114.61
Interest Expense	-8.77	-9.12	-3.28	-10.92	-16.75	-14.57
Other Non Operating Income (Expenses)	-3.2	-3.2	-3.2	-3.2	-0.36	-3.2
EBT Excluding Unusual Items	243.75	159.58	118.86	86.3	85.43	96.85
Gain (Loss) on Sale of Assets	0.24	0.16	2.08	61.36	3.61	0.38
Other Unusual Items	-	-	20.26	-	-	-
Pretax Income	243.99	159.74	141.2	147.66	89.04	97.23
Income Tax Expense	79.49	46.96	30.11	40.63	27.37	27.14
Net Income	164.5	112.78	111.09	107.02	61.66	70.09
Net Income to Common	164.5	112.78	111.09	107.02	61.66	70.09
Net Income Growth	56.84%	1.52%	3.80%	73.56%	-12.02%	-33.45%
Shares Outstanding (Basic)	124	124	124	124	124	124
Shares Outstanding (Diluted)	124	124	124	124	124	124
EPS (Basic)	1.33	0.91	0.90	0.86	0.50	0.57
EPS (Diluted)	1.33	0.91	0.90	0.86	0.50	0.57
EPS Growth	56.84%	1.52%	3.80%	73.56%	-12.02%	-33.45%
Free Cash Flow	-337.07	-635.64	569.19	-51.3	104.65	135.96
Free Cash Flow Per Share	-2.72	-5.13	4.59	-0.41	0.84	1.10
Dividend Per Share	0.625	0.625	0.625	0.625	0.500	0.500
Dividend Growth	0%	0%	0%	25.00%	0%	-33.33%
Operating Margin	13.52%	9.09%	9.09%	10.43%	12.22%	13.12%
Profit Margin	8.69%	5.96%	8.06%	11.11%	7.35%	8.02%
Free Cash Flow Margin	-17.81%	-33.61%	41.28%	-5.33%	12.47%	15.56%
EBITDA	262.58	184.17	133.93	124.21	127.44	122.38
EBITDA Margin	13.88%	9.74%	9.71%	12.90%	15.19%	14.01%
D&A For EBITDA	6.87	12.27	8.59	23.79	24.9	7.77
EBIT	255.72	171.9	125.34	100.42	102.54	114.61
EBIT Margin	13.51%	9.09%	9.09%	10.43%	12.22%	13.12%
Effective Tax Rate	32.58%	29.40%	21.32%	27.52%	30.74%	27.91%

Source: S&P Capital IQ. Insurance template. Financial Sources.