Prime Insurance Company Limited (DSE:PRIMEINSUR)

Prime Insurance Company Income Statement

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

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	609.74	515.94	327.05	156.18	137.35
Total Interest & Dividend Income	44.47	45.91	30.61	42.6	25.04
Gain (Loss) on Sale of Investments	-14.79	-7.97	40.16	32.28	-27.97
Other Revenue	185.46	177.37	101.19	119.39	135.64
Total Revenue	824.89	731.25	499.01	350.45	270.06
Revenue Growth (YoY)	12.80%	46.54%	42.39%	29.77%	-11.36%
Policy Benefits	64.91	77.57	98.76	4.51	-49.64
Policy Acquisition & Underwriting Costs	187.44	164.47	38.82	105.5	95.22
Depreciation & Amortization	50.41	33.51	16.36	10.53	9.09
Selling, General & Administrative	368.06	295.81	245.6	121.69	126.97
Total Operating Expenses	688.22	577.43	403.54	247.45	185.68
Operating Income	136.67	153.82	95.47	103	84.38
Other Non Operating Income (Expenses)	-3.69	-3.35	-3.01	-2.09	-1
EBT Excluding Unusual Items	132.98	150.46	92.46	100.91	83.38
Gain (Loss) on Sale of Assets	-	-	-	0.38	1.48
Other Unusual Items	-	-	-	7.84	-
Pretax Income	132.98	150.46	92.46	109.14	84.86
Income Tax Expense	33.76	53.29	10.34	55.63	67.37
Net Income	99.22	97.17	82.12	53.51	17.49
Net Income to Common	99.22	97.17	82.12	53.51	17.49
Net Income Growth	2.11%	18.33%	53.46%	205.97%	-61.87%
Shares Outstanding (Basic)	41	41	41	41	41
Shares Outstanding (Diluted)	41	41	41	41	41
EPS (Basic)	2.43	2.38	2.01	1.31	0.43
EPS (Diluted)	2.43	2.38	2.01	1.31	0.43
EPS Growth	2.11%	18.33%	53.46%	205.97%	-61.87%
Free Cash Flow	30.51	176.07	83.13	170.36	173.38
Free Cash Flow Per Share	0.75	4.31	2.03	4.17	4.24
Dividend Per Share	1.200	1.000	1.500	1.000	-
Dividend Growth	20.00%	-33.33%	50.00%	-	-
Operating Margin	16.57%	21.04%	19.13%	29.39%	31.24%
Profit Margin	12.03%	13.29%	16.46%	15.27%	6.48%
Free Cash Flow Margin	3.70%	24.08%	16.66%	48.61%	64.20%
EBITDA	168.26	187.33	111.83	113.53	93.46
EBITDA Margin	20.40%	25.62%	22.41%	32.40%	34.61%
D&A For EBITDA	31.59	33.51	16.36	10.53	9.09
EBIT	136.67	153.82	95.47	103	84.38
EBIT Margin	16.57%	21.04%	19.13%	29.39%	31.24%
Effective Tax Rate	25.39%	35.42%	11.18%	50.97%	79.39%

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