Malath Cooperative Insurance Company (TADAWUL:8020)

TADAWUL:8020 Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	946.6	872.7	906.36	778.71	719.99
Total Interest & Dividend Income	13.14	10.19	17.89	30.39	32.74
Gain (Loss) on Sale of Investments	13.36	17.94	7.41	-	0.24
Other Revenue	-	-	-	19.87	45.64
Total Revenue	973.1	900.83	931.65	828.97	798.61
Revenue Growth (YoY)	8.02%	-3.31%	12.39%	3.80%	11.90%
Policy Benefits	950.8	855.25	945.32	687.25	581.44
Policy Acquisition & Underwriting Costs	-	-	-	86.83	78.93
Selling, General & Administrative	-	-	-	45.55	36.72
Provision for Bad Debts	-	-	-	7.05	3.15
Other Operating Expenses	31.08	18.34	23.9	-	-
Total Operating Expenses	981.88	873.59	969.22	901.82	775.94
Operating Income	-8.78	27.24	-37.56	-72.85	22.67
Other Non Operating Income (Expenses)	45.17	19.95	6.47	-	-
Pretax Income	36.39	47.19	-31.09	-72.85	22.67
Income Tax Expense	9.5	9	10.29	12.81	15.13
Net Income	26.89	38.19	-41.38	-85.66	7.55
Net Income to Common	26.89	38.19	-41.38	-85.66	7.55
Net Income Growth	-29.59%	-	-	-	45.66%
Shares Outstanding (Basic)	50	50	50	50	50
Shares Outstanding (Diluted)	50	50	50	50	50
EPS (Basic)	0.54	0.76	-0.83	-1.71	0.15
EPS (Diluted)	0.54	0.76	-0.83	-1.71	0.15
EPS Growth	-29.59%	-	-	-	45.66%
Free Cash Flow	249.83	-109.75	-129.27	-64.84	-6.35
Free Cash Flow Per Share	5.00	-2.19	-2.58	-1.30	-0.13
Operating Margin	-0.90%	3.02%	-4.03%	-8.79%	2.84%
Profit Margin	2.76%	4.24%	-4.44%	-10.33%	0.95%
Free Cash Flow Margin	25.67%	-12.18%	-13.88%	-7.82%	-0.80%
EBITDA	-7	28.15	-35.61	-71.23	24.04
EBITDA Margin	-0.72%	3.13%	-3.82%	-8.59%	3.01%
D&A For EBITDA	1.78	0.92	1.95	1.62	1.36
EBIT	-8.78	27.24	-37.56	-72.85	22.67
EBIT Margin	-0.90%	3.02%	-4.03%	-8.79%	2.84%
Effective Tax Rate	26.11%	19.07%	-	-	66.71%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.