National Life Insurance PLC (DSE:NATLIFEINS)

National Life Insurance Income Statement

Financials in millions BDT. 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	22,605	21,017	18,628	16,105	14,154	11,970
Total Interest & Dividend Income	5,086	4,634	3,741	3,463	3,424	3,420
Other Revenue	55	56.9	60.24	104.1	162.37	68.04
Total Revenue	27,746	25,708	22,429	19,671	17,741	15,458
Revenue Growth (YoY)	11.32%	14.62%	14.02%	10.88%	14.77%	10.07%
Policy Benefits	13,478	12,043	11,008	10,521	8,815	7,989
Policy Acquisition & Underwriting Costs	3,336	3,121	2,836	2,397	2,251	1,859
Depreciation & Amortization	182.89	189.1	163.98	142.16	128.26	130.89
Selling, General & Administrative	881.38	826.73	673.13	583.32	490.66	411.43
Other Operating Expenses	29.49	28.04	13.4	9.93	21.34	31.31
Total Operating Expenses	19,704	17,925	16,348	14,934	12,912	11,597
Operating Income	8,042	7,782	6,080	4,738	4,829	3,861
Interest Expense	-8.19	-7.41	-5.27	-8.21	-8.11	-6.94
Other Non Operating Income (Expenses)	-99.92	-104.76	-114.83	-85.83	-102.94	-44.29
EBT Excluding Unusual Items	7,934	7,670	5,960	4,644	4,718	3,810
Gain (Loss) on Sale of Assets	1.95	1.78	0.16	300.47	0.31	0.12
Other Unusual Items	-	-	-	-	-5	-
Pretax Income	7,936	7,672	5,960	4,944	4,713	3,810
Income Tax Expense	269.97	278.49	537.45	356.81	481.92	362.15
Earnings From Continuing Ops.	7,666	7,393	5,423	4,587	4,231	3,448
Minority Interest in Earnings	0.1	-0.87	-1.08	-2.69	-3.77	-2.25
Net Income	7,666	7,393	5,422	4,585	4,227	3,446
Net Income to Common	7,666	7,393	5,422	4,585	4,227	3,446
Net Income Growth	-0.49%	36.35%	18.26%	8.46%	22.68%	25.39%
Shares Outstanding (Basic)	109	109	109	109	109	109
Shares Outstanding (Diluted)	109	109	109	109	109	109
EPS (Basic)	70.64	68.12	49.96	42.25	38.95	31.75
EPS (Diluted)	70.64	68.12	49.96	42.25	38.95	31.75
EPS Growth	-0.49%	36.35%	18.26%	8.46%	22.68%	25.39%
Free Cash Flow	5,252	6,350	4,761	2,448	3,945	4,366
Free Cash Flow Per Share	48.39	58.51	43.87	22.56	36.35	40.23
Dividend Per Share	3.500	3.500	3.800	3.800	3.500	3.200
Dividend Growth	-7.90%	-7.90%	-	8.57%	9.38%	14.29%
Operating Margin	28.98%	30.27%	27.11%	24.09%	27.22%	24.98%
Profit Margin	27.63%	28.76%	24.17%	23.31%	23.83%	22.29%
Free Cash Flow Margin	18.93%	24.70%	21.23%	12.45%	22.24%	28.24%
EBITDA	8,151	7,897	6,174	4,818	4,898	3,935
EBITDA Margin	29.38%	30.72%	27.53%	24.49%	27.61%	25.45%
D&A For EBITDA	108.77	114.97	93.54	80.23	69.33	73.21
EBIT	8,042	7,782	6,080	4,738	4,829	3,861
EBIT Margin	28.98%	30.27%	27.11%	24.09%	27.22%	24.98%
Effective Tax Rate	3.40%	3.63%	9.02%	7.22%	10.22%	9.50%

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