Seguros Vida Security Previsión S.A. (SNSE: PREVISION)

PREVISION Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	483,442	483,442	446,280	325,463	225,255	253,610
Total Interest & Dividend Income	156,640	156,640	72,954	124,664	105,127	137,358
Gain (Loss) on Sale of Investments	36,023	36,023	44,055	26,581	2,109	3,470
Other Revenue	503.92	503.92	87.57	90.8	8,790	466.93
Total Revenue	676,609	676,609	563,377	476,799	341,281	394,905
Revenue Growth (YoY)	71.33%	20.10%	18.16%	39.71%	-13.58%	-1.30%
Policy Benefits	557,997	557,997	447,607	379,966	255,242	318,236
Policy Acquisition & Underwriting Costs	23,913	23,913	20,040	15,162	15,659	17,792
Selling, General & Administrative	26,669	26,669	22,337	18,595	18,089	23,944
Provision for Bad Debts	0.9	0.9	-89.59	166.78	-31.78	-
Other Operating Expenses	-379.5	-379.5	43.67	162.57	6,901	-136.72
Total Operating Expenses	626,621	626,621	506,743	429,157	312,400	373,209
Operating Income	49,988	49,988	56,634	47,642	28,881	21,696
Currency Exchange Gain (Loss)	-18.41	-18.41	-1,045	-589.56	-903.06	275.86
Other Non Operating Income (Expenses)	-14,229	-14,229	-24,470	-9,113	-4,246	-3,236
EBT Excluding Unusual Items	35,740	35,740	31,119	37,939	23,733	18,736
Gain (Loss) on Sale of Assets	1,471	1,471	-152.55	157.74	453.32	4,408
Asset Writedown	294.48	294.48	-255.84	-223.23	-15.26	40.15
Pretax Income	37,506	37,506	30,711	37,873	24,171	23,184
Income Tax Expense	-2,593	-2,593	-11,886	-7,622	405.94	3,037
Earnings From Continuing Ops.	40,099	40,099	42,597	45,496	23,765	20,146
Minority Interest in Earnings	-	-	-	-451.93	-235.77	576.95
Net Income	40,099	40,099	42,597	45,044	23,529	20,723
Net Income to Common	40,099	40,099	42,597	45,044	23,529	20,723
Net Income Growth	93.50%	-5.87%	-5.43%	91.44%	13.54%	-31.29%
Shares Outstanding (Basic)	479	479	479	479	479	479
Shares Outstanding (Diluted)	479	479	479	479	479	479
Shares Change (YoY)	-	-	-	-	-	16.23%
EPS (Basic)	83.73	83.73	88.94	94.05	49.13	43.27
EPS (Diluted)	83.73	83.73	88.94	94.05	49.13	43.27
EPS Growth	93.50%	-5.87%	-5.43%	91.44%	13.54%	-40.88%
Free Cash Flow	-1,656	-1,656	88,234	821.35	-9,590	-8,061
Free Cash Flow Per Share	-3.46	-3.46	184.24	1.72	-20.02	-16.83
Dividend Per Share	-	-	-	-	-	13.000
Dividend Growth	-	-	-	-	-	-70.45%
Operating Margin	7.39%	7.39%	10.05%	9.99%	8.46%	5.49%
Profit Margin	5.93%	5.93%	7.56%	9.45%	6.89%	5.25%
Free Cash Flow Margin	-0.24%	-0.24%	15.66%	0.17%	-2.81%	-2.04%
EBITDA	54,259	54,259	61,746	50,109	30,920	23,735
EBITDA Margin	8.02%	8.02%	10.96%	10.51%	9.06%	6.01%
D&A For EBITDA	4,271	4,271	5,112	2,468	2,039	2,039
EBIT	49,988	49,988	56,634	47,642	28,881	21,696
EBIT Margin	7.39%	7.39%	10.05%	9.99%	8.46%	5.49%
Effective Tax Rate	-	-	-	-	1.68%	13.10%

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