Veren Income Statement

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

Millions QAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Premiums & Annuity Revenue	1,755	1,579	1,374	1,227	426.46	337.22
Total Interest & Dividend Income	61.11	59.16	49.73	40.58	37.91	37.2
Gain (Loss) on Sale of Investments	0.87	0.25	1.07	-15.77	4.55	2.08
Other Revenue	13.99	16.87	9.41	4.22	53.85	41.4
Total Revenue	1,831	1,656	1,434	1,256	522.77	417.9
Revenue Growth (YoY)	18.29%	15.47%	14.13%	140.31%	25.10%	30.34%
Policy Benefits	1,597	1,431	1,252	1,071	255.43	194.32
Policy Acquisition & Underwriting Costs	-	-	-	-	69.98	49.95
Depreciation & Amortization	14.2	13.96	13.31	13.2	12.1	10.79
Selling, General & Administrative	20.63	17.63	16.81	60.45	94	83.42
Provision for Bad Debts	0.61	-	-	-	8.61	-
Other Operating Expenses	-	-	-	-	7.54	3.6
Total Operating Expenses	1,633	1,463	1,282	1,145	447.65	342.09
Operating Income	197.95	193.08	151.49	111.21	75.12	75.81
Interest Expense	-1.48	-1.77	-2.01	-3.07	-1.82	-1.84
Other Non Operating Income (Expenses)	1.35	0.89	1.29	0.99	-	-
EBT Excluding Unusual Items	197.81	192.2	150.78	109.13	73.3	73.97
Asset Writedown	-	-	-	-5.32	-	-13.9
Pretax Income	197.81	192.2	150.78	103.81	73.3	60.07
Income Tax Expense	1.82	1.8	0.03	0.02	0.03	0.02
Net Income	195.99	190.4	150.75	103.78	73.27	60.05
Net Income to Common	195.99	190.4	150.75	103.78	73.27	60.05
Net Income Growth	8.71%	26.30%	45.25%	41.64%	22.02%	22.70%
Shares Outstanding (Basic)	500	500	500	500	500	500
Shares Outstanding (Diluted)	500	500	500	500	500	500
EPS (Basic)	0.39	0.38	0.30	0.21	0.15	0.12
EPS (Diluted)	0.39	0.38	0.30	0.21	0.15	0.12
EPS Growth	8.71%	26.30%	45.25%	41.64%	22.02%	22.70%
Free Cash Flow	142.4	120.89	141.72	198.33	98.9	145.53
Free Cash Flow Per Share	0.28	0.24	0.28	0.40	0.20	0.29
Dividend Per Share	0.175	0.175	0.175	0.150	0.120	0.100
Dividend Growth	-	-	16.67%	25.00%	20.00%	25.00%
Operating Margin	10.81%	11.66%	10.57%	8.85%	14.37%	18.14%
Profit Margin	10.71%	11.50%	10.51%	8.26%	14.02%	14.37%
Free Cash Flow Margin	7.78%	7.30%	9.88%	15.79%	18.92%	34.82%
EBITDA	209.29	204.02	162.39	121.97	85.18	84.43
EBITDA Margin	11.43%	12.32%	11.33%	9.71%	16.29%	20.20%
D&A For EBITDA	11.34	10.93	10.89	10.76	10.07	8.62
EBIT	197.95	193.08	151.49	111.21	75.12	75.81
EBIT Margin	10.81%	11.66%	10.57%	8.85%	14.37%	18.14%
Effective Tax Rate	0.92%	0.94%	0.02%	0.02%	0.04%	0.04%

Updated Feb 20, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.