Insurance

The industry group, Insurance, contains the industries:

and has the constituents:

Comparative Analysis

Income Statement

($'M) 2021 2022 $ Change % Change
Revenue 14,187.0 16,169.0 1,982.0 14.0
Less: Cost of Goods Sold -11,362.0 -12,899.0 -1,537.0 13.5
Gross Profit 25,549.0 29,068.0 3,519.0 13.8
Less: Operating Costs -1,127.0 -1,061.0 66.0 -5.9
Operating Profit 26,676.0 30,129.0 3,453.0 12.9
Less: Financing Costs -189.0 -1,372.0 -1,183.0 625.9
Earnings Before Tax 26,865.0 31,501.0 4,636.0 17.3
Less: Income Tax -461.0 -138.0 323.0 -70.1
Net Profit 27,326.0 31,639.0 4,313.0 15.8

Balance Sheet

($'M) 2021 2022 $ Change % Change
Current Assets 96,857.0 106,378.0 9,521.0 9.8
Non Current Assets 0.0 0.0 0.0 0.0
Assets 96,857.0 106,378.0 9,521.0 9.8
Current Liabilities 83,409.0 93,595.0 10,186.0 12.2
Non Current Liabilities 0.0 0.0 0.0 0.0
Liabilities 83,409.0 93,595.0 10,186.0 12.2
Equity 13,448.0 12,783.0 -665.0 -4.9

Cash Flow Statement

($'M) 2021 2022 $ Change % Change
Cash Flow from Operating Activities 4,344.0 2,485.0 -1,859.0 -42.8
Cash Flow from Financing Activities -1,672.0 903.0 2,575.0 -154.0
Cash Flow from Investing Activities -1,399.0 -2,238.0 -839.0 60.0
Net Cash Flow 1,273.0 1,150.0 -123.0 -9.7
Foreign Exchange Fluctuations -1.0 1.0 2.0 -200.0
Cash at the Beginning of the Period 1,320.0 2,592.0 1,272.0 96.4
Cash at the End of the Period 2,592.0 3,743.0 1,151.0 44.4

Ratio Analysis

Profitability

2021 2022 Change
Gross Profit Margin 180.1% 179.8% -0.3%
Operating Profit Margin 188.0% 186.3% -1.7%
Net Profit Margin 192.6% 195.7% 3.1%

Management Effectiveness

2021 2022 Change
Return on Assets 28.2% 29.7% 1.5%
Return on Equity 203.2% 247.5% 44.3%
Current Ratio 1.2 1.1 0.0
Debt to Equity Ratio 6.2 7.3 1.1

Valuation

2021 2022 Change  
Share Price ($) 11.04 10.98 -0.06 -0.5%
Ordinary Shares 1,282,966,675 1,262,604,976 -20,361,699 -1.6%
Market Capitalisation ($) 14,163,952,092 13,863,402,636 -300,549,456 -2.1%
Revenue per Share ($) 11.06 12.81 1.75 15.8%
Earnings per Share ($) 21.30 25.06 3.76 17.7%
Equity per Share ($) 10.48 10.12 -0.36 -3.4%
Dividends per Share ($) 0.33 0.72 0.38 114.9%
Dividend Yield 3.0% 6.5% 3.5%  
Price to Sales Ratio 1.0 0.9 -0.1 -14.1%
Price to Earnings Ratio 0.5 0.4 -0.1 -15.5%
Price to Book Ratio 1.1 1.1 0.0 3.0%