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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	20,309	20,114	18,729	18,991	16,425	15,127
Total Interest & Dividend Income	986.88	870.88	576.73	403.78	479.26	524.38
Gain (Loss) on Sale of Investments	34.56	766.07	177.12	1,046	868.73	-314.23
Other Revenue	1,524	196.44	289.63	352.2	365.63	968.9
Total Revenue	22,855	21,947	19,772	20,793	18,139	16,306
Revenue Growth (YoY)	8.55%	11.00%	-4.91%	14.63%	11.24%	12.47%
Policy Benefits	13,015	12,979	15,575	11,844	10,656	9,574
Policy Acquisition & Underwriting Costs	5,885	5,799	5,221	5,588	4,811	4,657
Selling, General & Administrative	554.48	573.35	491.3	493.51	403.49	355
Provision for Bad Debts	0.01	0.01	0.01	-	-0.01	-0.03
Other Operating Expenses	55.01	133.03	27.12	41.74	-10.31	-4.12
Total Operating Expenses	19,510	19,484	21,314	17,968	15,860	14,582
Operating Income	3,345	2,463	-1,542	2,825	2,279	1,725
Interest Expense	-0.02	-0.03	-0.02	-0.02	-0.01	-0
Currency Exchange Gain (Loss)	-279.58	9.28	1,543	-369.16	-511.23	-238.54
Other Non Operating Income (Expenses)	3.29	5.17	7.85	0.18	2.32	0.28
EBT Excluding Unusual Items	3,069	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	3,086	2,495	23.38	2,471	1,789	1,508
Income Tax Expense	432.44	404.84	-229.89	406.07	272.91	403.39
Net Income	2,653	2,090	253.27	2,065	1,516	1,104
Net Income to Common	2,653	2,090	253.27	2,065	1,516	1,104
Net Income Growth	54.62%	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)	2.61%	29.75%	4.48%	-	-	-
EPS (Basic)	3.32	2.61	0.41	3.50	2.57	1.87
EPS (Diluted)	3.32	2.61	0.41	3.50	2.57	1.87
EPS Growth	50.69%	535.96%	-88.26%	36.24%	37.28%	5.15%
Free Cash Flow	-6,019	-7,355	2,110	3,165	2,978	-4,607
Free Cash Flow Per Share	-7.54	-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	14.64%	11.22%	-7.80%	13.59%	12.56%	10.58%
Profit Margin	11.61%	9.52%	1.28%	9.93%	8.36%	6.77%
Free Cash Flow Margin	-26.34%	-33.51%	10.67%	15.22%	16.42%	-28.25%
EBITDA	3,371	2,491	-1,521	2,838	2,291	1,736
EBITDA Margin	14.75%	11.35%	-7.69%	13.65%	12.63%	10.65%
D&A For EBITDA	26.58	27.45	21.65	12.65	12.51	11.28
EBIT	3,345	2,463	-1,542	2,825	2,279	1,725
EBIT Margin	14.64%	11.22%	-7.80%	13.59%	12.56%	10.58%
Effective Tax Rate	14.01%	16.23%	-	16.43%	15.26%	26.76%
Revenue as Reported	22,646	21,978	21,338	20,441	17,657	16,093

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