Reliance Insurance Company Limited (PSX:RICL)

PSX:RICL Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	565.04	546.5	460.69	360.47	303.13	319.48
Total Interest & Dividend Income	132.57	161.91	158.19	114.48	74.69	68.85
Gain (Loss) on Sale of Investments	255.54	267.23	109.23	-34.04	3.42	23.57
Total Revenue	953.16	975.64	728.11	440.91	381.25	411.9
Revenue Growth (YoY)	1.95%	33.99%	65.14%	15.65%	-7.44%	-8.13%
Policy Benefits	143.18	152.82	139.12	93.64	64.17	76.42
Policy Acquisition & Underwriting Costs	137.56	131.74	114.12	92.89	65.45	74.32
Depreciation & Amortization	5.15	5.15	4.56	4.29	3.17	3.61
Selling, General & Administrative	244.21	224.94	202.47	172.32	168.17	170.2
Other Operating Expenses	-20.36	-29.43	-37.42	-35.38	-23.55	-34.1
Total Operating Expenses	567.85	543.32	476.51	372.52	317.02	328.94
Operating Income	385.31	432.31	251.6	68.39	64.23	82.96
Other Non Operating Income (Expenses)	1.43	-0.65	-0.18	-1.34	3.02	-0.1
EBT Excluding Unusual Items	386.74	431.67	251.42	67.05	67.25	82.86
Gain (Loss) on Sale of Assets	4.5	4.5	5.56	0.55	3.26	0.72
Pretax Income	391.24	436.17	256.99	67.6	70.51	83.58
Income Tax Expense	148.15	134.32	85.09	23.49	17.5	15.08
Net Income	243.09	301.85	171.9	44.11	53.01	68.5
Net Income to Common	243.09	301.85	171.9	44.11	53.01	68.5
Net Income Growth	-27.63%	75.60%	289.71%	-16.79%	-22.61%	-3.81%
Shares Outstanding (Basic)	100	100	100	100	100	100
Shares Outstanding (Diluted)	100	100	100	100	100	100
EPS (Basic)	2.42	3.00	1.71	0.44	0.53	0.68
EPS (Diluted)	2.42	3.00	1.71	0.44	0.53	0.68
EPS Growth	-27.63%	75.60%	289.71%	-16.79%	-22.61%	-3.81%
Free Cash Flow	-220.69	-159.36	-98.29	-69.79	-76.08	-62.86
Free Cash Flow Per Share	-2.20	-1.59	-0.98	-0.69	-0.76	-0.63
Dividend Per Share	-	-	0.662	0.315	0.300	-
Dividend Growth	-	-	110.05%	4.96%	-	-
Operating Margin	40.42%	44.31%	34.55%	15.51%	16.85%	20.14%
Profit Margin	25.50%	30.94%	23.61%	10.00%	13.91%	16.63%
Free Cash Flow Margin	-23.15%	-16.33%	-13.50%	-15.83%	-19.96%	-15.26%
EBITDA	402.57	447.03	264.62	80.64	74.79	95
EBITDA Margin	42.23%	45.82%	36.34%	18.29%	19.62%	23.06%
D&A For EBITDA	17.26	14.71	13.01	12.25	10.56	12.04
EBIT	385.31	432.31	251.6	68.39	64.23	82.96
EBIT Margin	40.42%	44.31%	34.55%	15.51%	16.85%	20.14%
Effective Tax Rate	37.87%	30.80%	33.11%	34.75%	24.82%	18.05%

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