Central Reinsurance Corporation (TPE: 2851)

Central Reinsurance Income Statement

Financials in millions TWD. 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	20,466	20,114	18,729	18,991	16,425	15,127
Total Interest & Dividend Income	952.62	870.88	576.73	403.78	479.26	524.38
Gain (Loss) on Sale of Investments	798.66	766.07	177.12	1,046	868.73	-314.23
Other Revenue	188.77	196.44	289.63	352.2	365.63	968.9
Total Revenue	22,406	21,947	19,772	20,793	18,139	16,306
Revenue Growth (YoY)	12.62%	11.00%	-4.91%	14.63%	11.24%	12.47%
Policy Benefits	13,323	12,979	15,575	11,844	10,656	9,574
Policy Acquisition & Underwriting Costs	5,957	5,799	5,221	5,588	4,811	4,657
Selling, General & Administrative	565.62	573.35	491.3	493.51	403.49	355
Provision for Bad Debts	0.02	0.01	0.01	-	-0.01	-0.03
Other Operating Expenses	87.6	133.03	27.12	41.74	-10.31	-4.12
Total Operating Expenses	19,933	19,484	21,314	17,968	15,860	14,582
Operating Income	2,473	2,463	-1,542	2,825	2,279	1,725
Interest Expense	-0.03	-0.03	-0.02	-0.02	-0.01	-0
Currency Exchange Gain (Loss)	828.21	9.28	1,543	-369.16	-511.23	-238.54
Other Non Operating Income (Expenses)	5.1	5.17	7.85	0.18	2.32	0.28
EBT Excluding Unusual Items	3,306	2,478	8.5	2,456	1,770	1,487
Gain (Loss) on Sale of Assets	17.22	17.22	14.88	15.05	18.76	20.96
Pretax Income	3,324	2,495	23.38	2,471	1,789	1,508
Income Tax Expense	540.98	404.84	-229.89	406.07	272.91	403.39
Net Income	2,783	2,090	253.27	2,065	1,516	1,104
Net Income to Common	2,783	2,090	253.27	2,065	1,516	1,104
Net Income Growth	115.05%	725.17%	-87.74%	36.24%	37.28%	5.15%
Shares Outstanding (Basic)	799	800	617	590	590	590
Shares Outstanding (Diluted)	799	800	617	590	590	590
Shares Change (YoY)	11.54%	29.75%	4.48%	-	-	-
EPS (Basic)	3.48	2.61	0.41	3.50	2.57	1.87
EPS (Diluted)	3.48	2.61	0.41	3.50	2.57	1.87
EPS Growth	92.80%	535.96%	-88.26%	36.24%	37.28%	5.15%
Free Cash Flow	-8,645	-7,355	2,110	3,165	2,978	-4,607
Free Cash Flow Per Share	-10.82	-9.19	3.42	5.36	5.04	-7.80
Dividend Per Share	1.400	1.400	-	1.800	1.300	0.900
Dividend Growth	-	-	-	38.46%	44.44%	0%
Operating Margin	11.04%	11.22%	-7.80%	13.59%	12.56%	10.58%
Profit Margin	12.42%	9.52%	1.28%	9.93%	8.36%	6.77%
Free Cash Flow Margin	-38.58%	-33.51%	10.67%	15.22%	16.42%	-28.25%
EBITDA	2,500	2,491	-1,521	2,838	2,291	1,736
EBITDA Margin	11.16%	11.35%	-7.69%	13.65%	12.63%	10.65%
D&A For EBITDA	27.04	27.45	21.65	12.65	12.51	11.28
EBIT	2,473	2,463	-1,542	2,825	2,279	1,725
EBIT Margin	11.04%	11.22%	-7.80%	13.59%	12.56%	10.58%
Effective Tax Rate	16.28%	16.23%	-	16.43%	15.26%	26.76%
Revenue as Reported	23,270	21,978	21,338	20,441	17,657	16,093

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