Sonar Bangla Insurance Limited (DSE:SONARBAINS)

Sonar Bangla 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	507.65	492.25	404.68	345.82	469.74	332.98
Total Interest & Dividend Income	45.69	42.31	42.76	31.12	25.81	27.36
Gain (Loss) on Sale of Investments	-79.61	-79.61	-60.96	14.42	26.51	14.96
Other Revenue	77.22	61.14	36.83	48.01	50.31	35.7
Total Revenue	550.95	516.1	423.31	439.37	572.37	411.01
Revenue Growth (YoY)	20.49%	21.92%	-3.66%	-23.24%	39.26%	-22.04%
Policy Benefits	228.05	194.55	114.77	14.55	153.07	33.05
Policy Acquisition & Underwriting Costs	85.55	82.47	74.15	89.18	39.94	65.96
Depreciation & Amortization	6.21	6.21	7.11	6.56	6.51	6.75
Selling, General & Administrative	207.96	194.02	179.4	185.83	241.11	157.08
Other Operating Expenses	-1.5	0.1	0.1	0.1	0.1	0.1
Total Operating Expenses	526.27	477.35	375.53	296.22	440.73	262.94
Operating Income	24.69	38.75	47.78	143.15	131.64	148.07
Interest Expense	-	-	-	-	-	-0.89
Other Non Operating Income (Expenses)	-37.97	-37.97	-43.5	-15.03	-0.54	-6.16
EBT Excluding Unusual Items	-13.29	0.78	4.28	128.12	131.1	141.01
Gain (Loss) on Sale of Investments	-	-	0.87	-	-	-
Gain (Loss) on Sale of Assets	0.03	0.03	-	0.76	-0.03	-
Pretax Income	-13.26	0.8	5.15	128.87	131.07	141.01
Income Tax Expense	24.31	26.47	26.75	31.36	26.54	41.35
Earnings From Continuing Ops.	-37.57	-25.67	-21.6	97.51	104.53	99.66
Minority Interest in Earnings	-25.67	-25.67	-21.6	-3.96	-4.66	-3.62
Net Income	-63.24	-51.34	-43.21	93.55	99.87	96.04
Preferred Dividends & Other Adjustments	-120.64	-117.03	-105.28	19.96	17.62	12.49
Net Income to Common	57.39	65.7	62.08	73.59	82.25	83.55
Net Income Growth	-	-	-	-6.33%	3.98%	16.23%
Shares Outstanding (Basic)	42	42	42	42	42	42
Shares Outstanding (Diluted)	42	42	42	42	42	42
EPS (Basic)	1.37	1.56	1.48	1.75	1.96	1.99
EPS (Diluted)	1.37	1.56	1.48	1.75	1.96	1.99
EPS Growth	9.75%	5.83%	-15.64%	-10.54%	-1.56%	21.89%
Free Cash Flow	46.57	47.57	-17.99	105.5	93.82	145.6
Free Cash Flow Per Share	1.11	1.13	-0.43	2.51	2.23	3.46
Dividend Per Share	-	-	1.000	0.952	1.429	1.429
Dividend Growth	-	-	5.00%	-33.33%	-	50.00%
Operating Margin	4.48%	7.51%	11.29%	32.58%	23.00%	36.03%
Profit Margin	10.42%	12.73%	14.67%	16.75%	14.37%	20.33%
Free Cash Flow Margin	8.45%	9.22%	-4.25%	24.01%	16.39%	35.42%
EBITDA	30.4	44.74	54.89	149.71	138.14	154.82
EBITDA Margin	5.52%	8.67%	12.97%	34.07%	24.14%	37.67%
D&A For EBITDA	5.71	5.99	7.11	6.56	6.51	6.75
EBIT	24.69	38.75	47.78	143.15	131.64	148.07
EBIT Margin	4.48%	7.51%	11.29%	32.58%	23.00%	36.03%
Effective Tax Rate	-	3295.56%	519.73%	24.34%	20.25%	29.32%

Updated May 18, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.