Damaan Islamic Insurance Company "Beema" (Q.P.S.C.) (QSE: BEMA)

BEMA 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	341.83	290	267.31	254.24	246.28	257.26
Total Interest & Dividend Income	34.24	30.97	25.78	23	28.42	17.69
Gain (Loss) on Sale of Investments	1.01	0.65	-1.56	1.44	-1.88	-
Other Revenue	11.25	9.32	12.98	2.71	64.49	2.31
Total Revenue	388.33	330.95	304.5	281.4	337.3	277.26
Revenue Growth (YoY)	20.79%	8.69%	8.21%	-16.57%	21.65%	-10.75%
Policy Benefits	136.44	105.45	97.84	94.17	87.85	152.18
Policy Acquisition & Underwriting Costs	74.68	58.25	55.69	43.89	39.32	41.28
Depreciation & Amortization	8.87	7.26	6.46	5.88	1.03	0.74
Selling, General & Administrative	13.12	11.74	11.52	10.6	12.16	11.22
Provision for Bad Debts	-	-	-	-	21.07	2.6
Other Operating Expenses	18.7	17.98	4.11	2.77	66.35	-2.36
Total Operating Expenses	287.94	233.17	201.48	178.57	246.48	223.68
Operating Income	100.39	97.78	103.02	102.83	90.81	53.58
Interest Expense	-0.23	-0.54	-0.73	-0.18	-0.72	-0.1
EBT Excluding Unusual Items	100.16	97.23	102.29	102.65	90.09	53.48
Asset Writedown	-	-	-	-0.95	-	-
Pretax Income	100.16	97.23	102.29	101.69	90.09	53.48
Income Tax Expense	-	-	1.06	1.39	-	-
Net Income	100.16	97.23	101.23	100.3	90.09	53.48
Net Income to Common	100.16	97.23	101.23	100.3	90.09	53.48
Net Income Growth	2.69%	-3.95%	0.93%	11.33%	68.47%	-13.65%
Shares Outstanding (Basic)	200	200	200	200	20	20
Shares Outstanding (Diluted)	200	200	200	200	20	20
Shares Change (YoY)	-	-	-	900.00%	-	-
EPS (Basic)	0.50	0.49	0.51	0.50	4.50	2.67
EPS (Diluted)	0.50	0.49	0.51	0.50	4.50	2.67
EPS Growth	2.69%	-3.95%	0.93%	-88.87%	68.47%	-13.65%
Free Cash Flow	114.64	-135.96	298.56	111.36	78.46	47.3
Free Cash Flow Per Share	0.57	-0.68	1.49	0.56	3.92	2.36
Dividend Per Share	0.180	0.180	0.160	-	-	-
Dividend Growth	12.50%	12.50%	-	-	-	-
Operating Margin	25.85%	29.54%	33.83%	36.54%	26.92%	19.33%
Profit Margin	25.79%	29.38%	33.24%	35.64%	26.71%	19.29%
Free Cash Flow Margin	29.52%	-41.08%	98.05%	39.57%	23.26%	17.06%
EBITDA	109.26	105.03	109.48	108.71	91.84	54.32
EBITDA Margin	28.14%	31.74%	35.95%	38.63%	27.23%	19.59%
D&A For EBITDA	8.87	7.26	6.46	5.88	1.03	0.74
EBIT	100.39	97.78	103.02	102.83	90.81	53.58
EBIT Margin	25.85%	29.54%	33.83%	36.54%	26.92%	19.33%
Effective Tax Rate	-	-	1.04%	1.37%	-	-

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