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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	318.87	290	267.31	254.24	246.28	257.26
Total Interest & Dividend Income	31.34	30.97	25.78	23	28.42	17.69
Gain (Loss) on Sale of Investments	0.82	0.65	-1.56	1.44	-1.88	-
Other Revenue	7.81	9.32	12.98	2.71	64.49	2.31
Total Revenue	358.84	330.95	304.5	281.4	337.3	277.26
Revenue Growth (YoY)	16.15%	8.69%	8.21%	-16.57%	21.65%	-10.75%
Policy Benefits	117.95	105.45	97.84	94.17	87.85	152.18
Policy Acquisition & Underwriting Costs	68.24	58.25	55.69	43.89	39.32	41.28
Depreciation & Amortization	8.28	7.26	6.46	5.88	1.03	0.74
Selling, General & Administrative	11.1	11.74	11.52	10.6	12.16	11.22
Provision for Bad Debts	-	-	-	-	21.07	2.6
Other Operating Expenses	18.6	17.98	4.11	2.77	66.35	-2.36
Total Operating Expenses	260.12	233.17	201.48	178.57	246.48	223.68
Operating Income	98.71	97.78	103.02	102.83	90.81	53.58
Interest Expense	-0.18	-0.54	-0.73	-0.18	-0.72	-0.1
EBT Excluding Unusual Items	98.53	97.23	102.29	102.65	90.09	53.48
Asset Writedown	-	-	-	-0.95	-	-
Pretax Income	98.53	97.23	102.29	101.69	90.09	53.48
Income Tax Expense	-	-	1.06	1.39	-	-
Net Income	98.53	97.23	101.23	100.3	90.09	53.48
Net Income to Common	98.53	97.23	101.23	100.3	90.09	53.48
Net Income Growth	1.94%	-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)	0.49	0.49	0.51	0.50	4.50	2.67
EPS (Diluted)	0.49	0.49	0.51	0.50	4.50	2.67
EPS Growth	1.94%	-3.95%	0.93%	-88.87%	68.47%	-13.65%
Free Cash Flow	87.55	-135.96	298.56	111.36	78.46	47.3
Free Cash Flow Per Share	0.44	-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	27.51%	29.54%	33.83%	36.54%	26.92%	19.33%
Profit Margin	27.46%	29.38%	33.24%	35.64%	26.71%	19.29%
Free Cash Flow Margin	24.40%	-41.08%	98.05%	39.57%	23.26%	17.06%
EBITDA	107	105.03	109.48	108.71	91.84	54.32
EBITDA Margin	29.82%	31.74%	35.95%	38.63%	27.23%	19.59%
D&A For EBITDA	8.28	7.26	6.46	5.88	1.03	0.74
EBIT	98.71	97.78	103.02	102.83	90.81	53.58
EBIT Margin	27.51%	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.