Solidarity Bahrain B.S.C. (BAX:SOLID)

Solidarity Bahrain B.S.C. Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	59.81	35.66	33.14	26.72	14.47	15.07
Total Interest & Dividend Income	7.98	3.83	2.7	2.53	2.13	1.88
Gain (Loss) on Sale of Investments	-	-	-	-	-0.26	-
Other Revenue	5.21	3.14	0.25	2.38	1.48	1.05
Total Revenue	73	42.63	36.09	31.63	17.82	17.99
Revenue Growth (YoY)	75.45%	18.12%	14.12%	77.47%	-0.96%	-0.80%
Policy Benefits	57.15	34.83	32.28	18.06	8.43	9.19
Policy Acquisition & Underwriting Costs	5.18	5.09	3.59	2.82	1.56	1.45
Provision for Bad Debts	-	-	-	0.11	0.04	0.16
Other Operating Expenses	-5.24	-9.99	-8.99	2.65	1.92	1.95
Total Operating Expenses	62.41	34.56	30.61	27.07	14.51	15.21
Operating Income	10.59	8.07	5.48	4.56	3.31	2.78
EBT Excluding Unusual Items	10.59	8.07	5.48	4.56	3.31	2.78
Other Unusual Items	-	-	-	-	-	0.3
Pretax Income	10.59	8.07	5.48	4.56	3.31	3.08
Net Income	10.59	8.07	5.48	4.56	3.31	3.08
Preferred Dividends & Other Adjustments	0.76	1.18	1.14	0.83	0.42	0.39
Net Income to Common	9.83	6.89	4.34	3.73	2.89	2.69
Net Income Growth	75.12%	47.25%	20.13%	37.88%	7.44%	6.06%
Shares Outstanding (Basic)	170	170	170	169	153	153
Shares Outstanding (Diluted)	170	170	170	169	153	153
Shares Change (YoY)	-0.13%	-	0.74%	10.30%	-	-
EPS (Basic)	0.06	0.04	0.03	0.02	0.02	0.02
EPS (Diluted)	0.06	0.04	0.03	0.02	0.02	0.02
EPS Growth	97.99%	58.71%	15.42%	17.34%	7.45%	2.64%
Free Cash Flow	-0.02	4.09	0.95	3.12	4.15	2.79
Free Cash Flow Per Share	-	0.02	0.01	0.02	0.03	0.02
Dividend Per Share	-	-	0.020	0.016	0.014	0.014
Dividend Growth	-	-	24.84%	11.35%	2.92%	16.10%
Operating Margin	14.51%	18.93%	15.18%	14.42%	18.56%	15.46%
Profit Margin	13.47%	16.16%	12.03%	11.81%	16.19%	14.92%
Free Cash Flow Margin	-0.03%	9.58%	2.62%	9.86%	23.28%	15.52%
EBITDA	10.8	8.42	5.67	4.7	3.58	3.03
EBITDA Margin	14.79%	19.76%	15.72%	14.86%	20.10%	16.85%
D&A For EBITDA	0.21	0.36	0.19	0.14	0.27	0.25
EBIT	10.59	8.07	5.48	4.56	3.31	2.78
EBIT Margin	14.51%	18.93%	15.18%	14.42%	18.56%	15.46%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.