Buruj Cooperative Insurance Company (TADAWUL:8270)

TADAWUL:8270 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	372.73	373.44	417.1	159.43	184.55
Total Interest & Dividend Income	31.99	26.83	29.43	19.73	19.43
Gain (Loss) on Sale of Investments	-6.6	1.79	-4.78	19.87	-4.11
Other Revenue	-0.63	0.01	-	9.88	14.77
Total Revenue	397.5	402.07	441.75	208.91	214.64
Revenue Growth (YoY)	-1.14%	-8.98%	111.46%	-2.67%	-28.12%
Policy Benefits	358.68	368.46	473.63	94.02	110.93
Policy Acquisition & Underwriting Costs	-	-	-	21.24	18.71
Selling, General & Administrative	-	-	-	75.65	69.06
Provision for Bad Debts	-	-	-	-0.61	-1.62
Other Operating Expenses	18.06	6.41	-8.33	2.83	0.49
Total Operating Expenses	376.74	374.87	465.3	193.14	197.57
Operating Income	20.76	27.2	-23.55	15.77	17.06
Interest Expense	-1.57	-1.62	-0.32	-	-
Pretax Income	19.19	25.58	-23.88	15.77	17.06
Income Tax Expense	9.81	5.5	5.12	11.46	11.33
Net Income	9.39	20.08	-29	4.31	5.74
Net Income to Common	9.39	20.08	-29	4.31	5.74
Net Income Growth	-53.27%	-	-	-24.81%	32.42%
Shares Outstanding (Basic)	30	30	30	30	30
Shares Outstanding (Diluted)	30	30	30	30	30
EPS (Basic)	0.31	0.67	-0.97	0.14	0.19
EPS (Diluted)	0.31	0.67	-0.97	0.14	0.19
EPS Growth	-53.27%	-	-	-24.81%	32.42%
Free Cash Flow	-84.12	-10.18	-152.07	44.46	-40.94
Free Cash Flow Per Share	-2.80	-0.34	-5.07	1.48	-1.36
Operating Margin	5.22%	6.77%	-5.33%	7.55%	7.95%
Profit Margin	2.36%	5.00%	-6.57%	2.07%	2.67%
Free Cash Flow Margin	-21.16%	-2.53%	-34.42%	21.28%	-19.08%
EBITDA	22.5	28.76	-22.01	17.23	18.75
EBITDA Margin	5.66%	7.15%	-4.98%	8.25%	8.73%
D&A For EBITDA	1.74	1.56	1.55	1.46	1.68
EBIT	20.76	27.2	-23.55	15.77	17.06
EBIT Margin	5.22%	6.77%	-5.33%	7.55%	7.95%
Effective Tax Rate	51.09%	21.49%	-	72.65%	66.38%

Updated Nov 12, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.