IGI Holdings 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	19,303	17,952	12,151	9,200	9,538
Total Interest & Dividend Income	4,677	4,988	4,258	3,563	2,728
Gain (Loss) on Sale of Investments	1,505	1,274	460.79	-28.37	-135.16
Other Revenue	1,855	1,728	1,463	799.98	727.03
Total Revenue	27,340	25,942	18,333	13,534	12,857
Revenue Growth (YoY)	5.39%	41.50%	35.46%	5.26%	8.93%
Policy Benefits	14,364	7,800	6,300	7,329	6,411
Policy Acquisition & Underwriting Costs	2,422	2,279	2,476	1,880	2,223
Selling, General & Administrative	691.25	692.33	497.39	403.53	411.71
Other Operating Expenses	6,380	12,509	6,882	1,638	2,476
Total Operating Expenses	23,856	23,305	16,155	11,250	11,521
Operating Income	3,483	2,637	2,178	2,284	1,336
Interest Expense	-	-	-	-435.84	-317.63
Earnings From Equity Investments	4,788	-758.15	3,322	2,082	2,110
EBT Excluding Unusual Items	8,271	1,879	5,500	3,930	3,128
Gain (Loss) on Sale of Assets	60.25	84.35	62	57.27	31.29
Pretax Income	8,331	1,964	5,562	3,987	3,159
Income Tax Expense	3,026	1,219	1,651	1,108	569.74
Earnings From Continuing Ops.	5,305	744.24	3,912	2,879	2,590
Minority Interest in Earnings	-73.27	-48.27	-24.7	-7.27	60.43
Net Income	5,232	695.98	3,887	2,872	2,650
Net Income to Common	5,232	695.98	3,887	2,872	2,650
Net Income Growth	651.75%	-82.09%	35.33%	8.38%	52.54%
Shares Outstanding (Basic)	143	143	143	143	143
Shares Outstanding (Diluted)	143	143	143	143	143
EPS (Basic)	36.68	4.88	27.25	20.14	18.58
EPS (Diluted)	36.68	4.88	27.25	20.14	18.58
EPS Growth	651.75%	-82.09%	35.33%	8.38%	52.54%
Free Cash Flow	-2,575	3,519	3,451	-3,106	-1,730
Free Cash Flow Per Share	-18.05	24.67	24.19	-21.78	-12.13
Dividend Per Share	8.000	6.000	6.000	4.250	5.500
Dividend Growth	33.33%	-	41.18%	-22.73%	10.00%
Operating Margin	12.74%	10.17%	11.88%	16.87%	10.39%
Profit Margin	19.14%	2.68%	21.20%	21.22%	20.61%
Free Cash Flow Margin	-9.42%	13.57%	18.82%	-22.95%	-13.46%
EBITDA	3,682	2,805	2,313	2,418	1,469
EBITDA Margin	13.47%	10.81%	12.62%	17.87%	11.43%
D&A For EBITDA	198.68	167.32	134.75	134.44	133.42
EBIT	3,483	2,637	2,178	2,284	1,336
EBIT Margin	12.74%	10.17%	11.88%	16.87%	10.39%
Effective Tax Rate	36.32%	62.10%	29.67%	27.78%	18.03%

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