TPL Insurance Limited (PSX: TPLI)

TPL Insurance 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	3,153	3,076	2,970	2,398	2,163	2,136
Total Interest & Dividend Income	433.38	401.31	177.87	85.3	101.89	94.08
Gain (Loss) on Sale of Investments	54.51	44.15	-93	-6.63	13.1	-13.15
Other Revenue	35.48	62.3	36.83	32.17	64.29	71.05
Total Revenue	3,676	3,583	3,092	2,508	2,342	2,288
Revenue Growth (YoY)	6.99%	15.89%	23.27%	7.11%	2.34%	-1.22%
Policy Benefits	1,590	1,506	1,415	1,113	970.05	882.93
Policy Acquisition & Underwriting Costs	317.75	301.36	269.09	221.49	198.14	274.4
Selling, General & Administrative	1,459	1,428	1,113	912	862.98	876.12
Other Operating Expenses	273.67	252.82	224.05	195.94	196.73	169.29
Total Operating Expenses	3,641	3,489	3,021	2,487	2,252	2,203
Operating Income	35.27	94.48	70.99	21.55	89.93	85.47
Interest Expense	-18.64	-19.69	-28.04	-24.56	-33.8	-28.55
Currency Exchange Gain (Loss)	23.25	23.25	23.66	-	-	-
Other Non Operating Income (Expenses)	-5.02	-5.02	-2.9	-2.23	-1.42	-1.09
EBT Excluding Unusual Items	34.86	93.02	63.71	-5.23	54.7	55.83
Gain (Loss) on Sale of Assets	0.61	0.61	1.35	0.01	2.09	0.2
Other Unusual Items	1,079	1,079	-	-	22.71	-
Pretax Income	1,114	1,172	65.06	-5.22	79.51	56.03
Income Tax Expense	43.51	45.47	46.8	4.46	39.73	25.51
Net Income	1,071	1,127	18.26	-9.69	39.79	30.52
Net Income to Common	1,071	1,127	18.26	-9.69	39.79	30.52
Net Income Growth	525.57%	6070.87%	-	-	30.39%	28.54%
Shares Outstanding (Basic)	196	198	175	149	127	127
Shares Outstanding (Diluted)	196	198	175	149	127	127
Shares Change (YoY)	-3.89%	13.32%	17.25%	17.84%	-	-
EPS (Basic)	5.45	5.68	0.10	-0.06	0.31	0.24
EPS (Diluted)	5.45	5.68	0.10	-0.06	0.31	0.24
EPS Growth	550.91%	5345.72%	-	-	30.39%	28.54%
Free Cash Flow	-185.4	-116.92	266.97	-179.86	479.08	315.91
Free Cash Flow Per Share	-0.94	-0.59	1.52	-1.20	3.78	2.49
Dividend Per Share	-	3.000	-	-	-	-
Operating Margin	0.96%	2.64%	2.30%	0.86%	3.84%	3.74%
Profit Margin	29.13%	31.45%	0.59%	-0.39%	1.70%	1.33%
Free Cash Flow Margin	-5.04%	-3.26%	8.63%	-7.17%	20.46%	13.81%
EBITDA	28.12	107.71	75.55	60.06	124.62	121.31
EBITDA Margin	0.76%	3.01%	2.44%	2.39%	5.32%	5.30%
D&A For EBITDA	-7.15	13.23	4.56	38.5	34.69	35.84
EBIT	35.27	94.48	70.99	21.55	89.93	85.47
EBIT Margin	0.96%	2.64%	2.30%	0.86%	3.84%	3.74%
Effective Tax Rate	3.90%	3.88%	71.93%	-	49.96%	45.54%

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