Shaheen Insurance Company 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	1,039	1,126	921.36	443.68	300.87	180.19
Total Interest & Dividend Income	89.61	90.04	105.08	105.17	73.52	54.13
Gain (Loss) on Sale of Investments	10.56	10.56	0.04	14.98	10.44	0.07
Other Revenue	53.79	46.37	67.25	28.62	7.37	0.91
Total Revenue	1,193	1,272	1,094	592.45	392.2	235.31
Revenue Growth (YoY)	-5.95%	16.34%	84.61%	51.06%	66.67%	-19.94%
Policy Benefits	528.76	588.24	444.01	149.42	80.08	42.71
Policy Acquisition & Underwriting Costs	176.28	204.63	173.13	93.72	63.37	36.93
Selling, General & Administrative	306.31	301.4	259.87	195.21	201.77	143.49
Other Operating Expenses	-21.12	-18.94	-16.93	-11.62	-2.23	4.19
Total Operating Expenses	990.22	1,075	860.08	426.72	342.99	227.31
Operating Income	202.35	197.15	233.65	165.72	49.21	8
Interest Expense	-7.93	-7.33	-3.12	-2.32	-2.45	-2.16
Currency Exchange Gain (Loss)	-	-	-	0.14	0.13	0.02
Other Non Operating Income (Expenses)	3.04	3.04	-0	-	-	-
EBT Excluding Unusual Items	197.46	192.86	230.53	163.54	46.88	5.85
Merger & Restructuring Charges	-3.03	-3.03	-2.02	-	-	-
Gain (Loss) on Sale of Assets	2.91	2.91	8.47	0.39	2.97	0.55
Asset Writedown	8.42	8.42	1.83	-	12.1	19.57
Other Unusual Items	-	-	-	-	15.83	-
Pretax Income	205.76	201.16	238.8	163.93	77.79	25.97
Income Tax Expense	50.16	48.83	73.54	47.63	24.41	-5.11
Net Income	155.6	152.34	165.27	116.3	53.38	31.08
Net Income to Common	155.6	152.34	165.27	116.3	53.38	31.08
Net Income Growth	4.73%	-7.83%	42.10%	117.89%	71.75%	-12.70%
Shares Outstanding (Basic)	105	105	105	105	105	105
Shares Outstanding (Diluted)	105	105	105	105	105	105
Shares Change (YoY)	5.60%	-	-	-	-	-
EPS (Basic)	1.48	1.45	1.58	1.11	0.51	0.30
EPS (Diluted)	1.48	1.45	1.58	1.11	0.51	0.30
EPS Growth	-0.82%	-7.83%	42.10%	117.89%	71.75%	-12.70%
Free Cash Flow	-66.03	-7.18	20.15	94.12	23.67	-18.91
Free Cash Flow Per Share	-0.63	-0.07	0.19	0.90	0.23	-0.18
Dividend Per Share	-	-	-	0.143	-	-
Operating Margin	16.97%	15.49%	21.36%	27.97%	12.55%	3.40%
Profit Margin	13.05%	11.97%	15.11%	19.63%	13.61%	13.21%
Free Cash Flow Margin	-5.54%	-0.56%	1.84%	15.89%	6.04%	-8.04%
EBITDA	219.28	213.06	240.92	170.94	53.34	11.8
EBITDA Margin	18.39%	16.74%	22.03%	28.85%	13.60%	5.02%
D&A For EBITDA	16.93	15.91	7.28	5.21	4.14	3.81
EBIT	202.35	197.15	233.65	165.72	49.21	8
EBIT Margin	16.97%	15.49%	21.36%	27.97%	12.55%	3.40%
Effective Tax Rate	24.38%	24.27%	30.79%	29.05%	31.39%	-

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