The United Insurance Company of Pakistan Limited (PSX:UNIC)

PSX:UNIC 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	5,400	5,152	3,613	3,386	2,717	1,906
Total Interest & Dividend Income	-188.65	158.43	162.3	112.73	70.46	65.54
Gain (Loss) on Sale of Investments	360.1	360.1	0.8	0.34	20.23	3.29
Other Revenue	31.29	61.79	87.98	59.34	26.2	19.08
Total Revenue	5,603	5,733	3,864	3,558	2,834	1,994
Revenue Growth (YoY)	40.89%	48.37%	8.59%	25.56%	42.14%	-24.71%
Policy Benefits	1,175	1,348	968.38	755.7	533.54	438.67
Policy Acquisition & Underwriting Costs	1,199	1,147	994.47	776.3	661.37	646.24
Selling, General & Administrative	2,288	2,168	1,914	1,256	1,283	1,038
Other Operating Expenses	-988.11	-863.67	-690.46	-3.31	-382.84	-276.92
Reinsurance Income or Expense	785.01	789.43	628.94	515.77	355.25	377.88
Total Operating Expenses	2,889	3,009	2,557	2,269	1,740	1,468
Operating Income	2,715	2,723	1,307	1,289	1,094	525.3
Interest Expense	-18.51	-11.39	-8.85	-11.02	-5.61	-6.08
Earnings From Equity Investments	-	-	-	-	-304.53	16.56
Currency Exchange Gain (Loss)	2.27	2.27	-2.93	-1.53	-0.67	-0.3
Other Non Operating Income (Expenses)	30.47	23.45	23.06	-53.09	-29.93	0.17
EBT Excluding Unusual Items	2,729	2,738	1,318	1,224	753.47	535.65
Gain (Loss) on Sale of Assets	54.71	54.71	31.08	-24.42	6.4	-1.25
Other Unusual Items	-	-	21.27	-	-	-
Pretax Income	2,784	2,793	1,370	1,199	759.88	534.4
Income Tax Expense	791.46	765.56	364.78	277.46	248.16	119.85
Net Income	1,992	2,027	1,005	921.72	511.71	414.55
Net Income to Common	1,992	2,027	1,005	921.72	511.71	414.55
Net Income Growth	85.21%	101.60%	9.08%	80.12%	23.44%	3.23%
Shares Outstanding (Basic)	400	401	401	354	354	354
Shares Outstanding (Diluted)	400	401	401	354	354	354
Shares Change (YoY)	-6.33%	-	13.16%	-	-	-
EPS (Basic)	4.98	5.06	2.51	2.60	1.45	1.17
EPS (Diluted)	4.98	5.06	2.51	2.60	1.45	1.17
EPS Growth	97.72%	101.60%	-3.60%	80.12%	23.44%	3.23%
Free Cash Flow	958.79	1,277	190.34	763.36	715.69	518.1
Free Cash Flow Per Share	2.40	3.19	0.47	2.16	2.02	1.46
Dividend Per Share	-	1.667	2.917	3.750	0.833	0.500
Dividend Growth	-	-42.86%	-22.22%	350.02%	66.66%	-
Operating Margin	48.45%	47.51%	33.82%	36.23%	38.61%	26.35%
Profit Margin	35.55%	35.36%	26.02%	25.90%	18.06%	20.79%
Free Cash Flow Margin	17.11%	22.27%	4.93%	21.45%	25.25%	25.99%
EBITDA	2,948	2,918	1,474	1,404	1,212	652.65
EBITDA Margin	52.62%	50.90%	38.14%	39.47%	42.77%	32.73%
D&A For EBITDA	233.92	194.17	167.1	115.23	117.77	127.35
EBIT	2,715	2,723	1,307	1,289	1,094	525.3
EBIT Margin	48.45%	47.51%	33.82%	36.23%	38.61%	26.35%
Effective Tax Rate	28.43%	27.41%	26.62%	23.14%	32.66%	22.43%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.