IGI Holdings Limited (PSX: IGIHL)

IGI Holdings 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	15,356	12,151	9,200	9,538	8,277	7,026
Total Interest & Dividend Income	4,306	4,258	3,563	2,728	2,636	2,561
Gain (Loss) on Sale of Investments	1,120	460.79	-28.37	-135.16	248.59	86.1
Non-Insurance Activities Revenue	-	-	-	-	-	16.43
Other Revenue	1,809	1,463	799.98	727.03	641.72	583.62
Total Revenue	22,592	18,333	13,534	12,857	11,803	10,273
Revenue Growth (YoY)	50.07%	35.46%	5.26%	8.93%	14.90%	6.65%
Policy Benefits	6,731	6,300	7,329	6,411	5,391	5,972
Policy Acquisition & Underwriting Costs	2,075	2,476	1,880	2,223	1,806	999.59
Selling, General & Administrative	562.55	497.39	403.53	411.71	438.45	432.01
Other Operating Expenses	10,155	6,127	1,638	2,476	2,818	1,579
Total Operating Expenses	19,523	15,400	11,250	11,521	10,453	8,983
Operating Income	3,068	2,933	2,284	1,336	1,350	1,290
Interest Expense	-563.31	-563.31	-435.84	-317.63	-429.25	-471.42
Earnings From Equity Investments	1,798	3,322	2,082	2,110	1,283	105.12
EBT Excluding Unusual Items	4,303	5,692	3,930	3,128	2,204	923.68
Gain (Loss) on Sale of Assets	74.28	62	57.27	31.29	18.46	15.42
Pretax Income	4,377	5,754	3,987	3,159	2,222	939.1
Income Tax Expense	1,485	1,842	1,108	569.74	501.6	288.77
Earnings From Continuing Ops.	2,893	3,912	2,879	2,590	1,721	650.32
Minority Interest in Earnings	-32.43	-24.7	-7.27	60.43	16.57	33.99
Net Income	2,860	3,887	2,872	2,650	1,737	684.31
Net Income to Common	2,860	3,887	2,872	2,650	1,737	684.31
Net Income Growth	-12.46%	35.33%	8.38%	52.54%	153.88%	-30.54%
Shares Outstanding (Basic)	143	143	143	143	143	143
Shares Outstanding (Diluted)	143	143	143	143	143	143
Shares Change (YoY)	-	-	-	-	-	0.11%
EPS (Basic)	20.05	27.25	20.14	18.58	12.18	4.80
EPS (Diluted)	20.05	27.25	20.14	18.58	12.18	4.80
EPS Growth	-12.46%	35.33%	8.38%	52.54%	153.88%	-30.61%
Free Cash Flow	1,795	3,451	-3,106	-1,730	-2,112	-3,225
Free Cash Flow Per Share	12.59	24.19	-21.78	-12.13	-14.81	-22.61
Dividend Per Share	6.000	6.000	4.250	5.500	5.000	3.000
Dividend Growth	-4.00%	41.18%	-22.73%	10.00%	66.67%	-46.51%
Operating Margin	13.58%	16.00%	16.87%	10.39%	11.44%	12.56%
Profit Margin	12.66%	21.20%	21.22%	20.61%	14.72%	6.66%
Free Cash Flow Margin	7.95%	18.82%	-22.95%	-13.46%	-17.90%	-31.39%
EBITDA	3,133	3,068	2,418	1,469	1,457	1,383
EBITDA Margin	13.87%	16.73%	17.87%	11.43%	12.34%	13.46%
D&A For EBITDA	64.96	134.75	134.44	133.42	106.69	92.92
EBIT	3,068	2,933	2,284	1,336	1,350	1,290
EBIT Margin	13.58%	16.00%	16.87%	10.39%	11.44%	12.56%
Effective Tax Rate	33.92%	32.02%	27.78%	18.03%	22.57%	30.75%

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