Al Khaleej Takaful Insurance Company Q.P.S.C. (QSE: AKHI)

AKHI Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Mar 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	191.17	184.43	160.78	134.44	125.28	117.42
Total Interest & Dividend Income	31.75	30.36	22.27	14.05	17.58	22.29
Gain (Loss) on Sale of Investments	-8.5	-8.43	2.34	2.6	5.71	1.44
Other Revenue	38.86	47.98	32.99	32.05	-55.65	25.65
Total Revenue	253.28	254.35	218.37	183.14	92.92	166.8
Revenue Growth (YoY)	8.89%	16.48%	19.24%	97.10%	-44.29%	-12.28%
Policy Benefits	100.44	101.21	80.58	69.29	71.7	70.34
Policy Acquisition & Underwriting Costs	33.31	33.4	33.9	30.84	23.97	23.88
Depreciation & Amortization	2.43	2.36	1.9	6.67	5.44	6.86
Selling, General & Administrative	44.74	43.91	40.86	32.73	27.42	31.19
Other Operating Expenses	4.94	4.85	4.28	3.3	4	4.5
Total Operating Expenses	185.86	185.73	161.52	142.84	132.54	136.77
Operating Income	67.42	68.62	56.85	40.3	-39.62	30.03
Other Non Operating Income (Expenses)	-0.16	-0.16	-0.17	-0.15	-	-
EBT Excluding Unusual Items	67.26	68.46	56.68	40.15	-39.62	30.03
Gain (Loss) on Sale of Assets	0.37	0.37	-0.14	-	0.31	-1.17
Asset Writedown	-4.25	-4.25	-	-	-	-
Pretax Income	63.38	64.57	56.54	40.15	-39.31	28.87
Income Tax Expense	-	-	0	0.02	0.01	0.01
Net Income	63.38	64.57	56.54	40.13	-39.32	28.85
Net Income to Common	63.38	64.57	56.54	40.13	-39.32	28.85
Net Income Growth	-1.41%	14.20%	40.90%	-	-	42.31%
Shares Outstanding (Basic)	255	255	255	255	255	255
Shares Outstanding (Diluted)	255	255	255	255	255	255
Shares Change (YoY)	-	-	-	-	-0.00%	0.00%
EPS (Basic)	0.25	0.25	0.22	0.16	-0.15	0.11
EPS (Diluted)	0.25	0.25	0.22	0.16	-0.15	0.11
EPS Growth	-1.41%	14.20%	40.90%	-	-	42.31%
Free Cash Flow	35.53	24.29	29.88	33.17	42.52	35.73
Free Cash Flow Per Share	0.14	0.10	0.12	0.13	0.17	0.14
Dividend Per Share	0.120	0.120	0.100	0.075	0.050	0.050
Dividend Growth	20.00%	20.00%	33.33%	50.00%	0%	0%
Operating Margin	26.62%	26.98%	26.03%	22.01%	-42.64%	18.00%
Profit Margin	25.02%	25.39%	25.89%	21.91%	-42.32%	17.30%
Free Cash Flow Margin	14.03%	9.55%	13.69%	18.11%	45.77%	21.42%
EBITDA	68.77	70.12	57.88	46.1	-34.17	36.89
EBITDA Margin	27.15%	27.57%	26.50%	25.17%	-36.78%	22.12%
D&A For EBITDA	1.35	1.49	1.03	5.8	5.44	6.86
EBIT	67.42	68.62	56.85	40.3	-39.62	30.03
EBIT Margin	26.62%	26.98%	26.03%	22.01%	-42.64%	18.00%
Effective Tax Rate	-	-	0.00%	0.05%	-	0.04%

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