Adamjee Life Assurance Company Limited (PSX:ALIFE)

PSX:ALIFE Income Statement

Financials in millions PKR. 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	33,229	30,285	22,686	20,315	20,128	16,537
Total Interest & Dividend Income	14,254	15,029	11,858	5,927	3,139	2,591
Gain (Loss) on Sale of Investments	10,484	10,934	5,199	-2,920	-478.78	1,399
Other Revenue	632.93	719.5	881.47	720.17	383.08	319.89
Total Revenue	58,600	56,968	40,624	24,042	23,171	20,846
Revenue Growth (YoY)	35.58%	40.23%	68.97%	3.76%	11.15%	31.21%
Policy Benefits	51,421	49,643	34,894	19,172	18,596	16,776
Policy Acquisition & Underwriting Costs	3,402	3,287	2,995	3,184	3,138	2,692
Selling, General & Administrative	1,456	1,426	1,241	854.16	1,252	1,011
Other Operating Expenses	151.4	146.55	61.44	6.71	11.23	7.16
Total Operating Expenses	56,430	54,502	39,191	23,217	22,998	20,486
Operating Income	2,171	2,465	1,433	825.5	173.59	359.86
Interest Expense	-23.51	-11.74	-9.68	-18.19	-23.98	-25.77
EBT Excluding Unusual Items	2,147	2,454	1,423	807.31	149.61	334.1
Gain (Loss) on Sale of Assets	0.2	-0.69	1.41	0.95	0.89	-2.91
Asset Writedown	83.29	83.29	116.86	2.05	80.71	-21
Pretax Income	2,230	2,536	1,541	810.31	231.21	310.19
Income Tax Expense	857.1	981.93	633.13	312.61	57.4	119.18
Net Income	1,373	1,554	908.08	497.7	173.8	191.01
Net Income to Common	1,373	1,554	908.08	497.7	173.8	191.01
Net Income Growth	27.00%	71.17%	82.45%	186.36%	-9.01%	-12.02%
Shares Outstanding (Basic)	250	250	250	250	168	94
Shares Outstanding (Diluted)	250	250	250	250	168	94
Shares Change (YoY)	-	-	-	48.52%	79.93%	-
EPS (Basic)	5.49	6.22	3.63	1.99	1.03	2.04
EPS (Diluted)	5.49	6.22	3.63	1.99	1.03	2.04
EPS Growth	27.00%	71.17%	82.45%	92.80%	-49.43%	-12.02%
Free Cash Flow	3,932	3,844	-571.16	3,258	6,555	5,604
Free Cash Flow Per Share	15.73	15.38	-2.29	13.03	38.94	59.91
Dividend Per Share	2.000	2.000	2.000	-	-	-
Operating Margin	3.70%	4.33%	3.53%	3.43%	0.75%	1.73%
Profit Margin	2.34%	2.73%	2.23%	2.07%	0.75%	0.92%
Free Cash Flow Margin	6.71%	6.75%	-1.41%	13.55%	28.29%	26.88%
EBITDA	2,252	2,544	1,499	878.47	211.39	408.25
EBITDA Margin	3.84%	4.46%	3.69%	3.65%	0.91%	1.96%
D&A For EBITDA	81.12	78.35	66.52	52.97	37.8	48.39
EBIT	2,171	2,465	1,433	825.5	173.59	359.86
EBIT Margin	3.70%	4.33%	3.53%	3.43%	0.75%	1.73%
Effective Tax Rate	38.43%	38.72%	41.08%	38.58%	24.83%	38.42%
Revenue as Reported	58,690	57,056	40,748	24,050	23,256	20,822

Updated Feb 26, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.