Vatryggingafelag Islands hf
ICEX:VIS
Income Statement
Income Statement
Vatryggingafelag Islands hf
Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Gross Premiums Earned |
15 865
|
15 602
|
15 438
|
15 426
|
15 455
|
15 519
|
15 612
|
15 842
|
16 083
|
16 182
|
16 524
|
16 828
|
17 295
|
17 818
|
18 328
|
18 990
|
19 532
|
19 978
|
20 414
|
20 748
|
21 337
|
22 032
|
22 313
|
22 446
|
22 519
|
22 688
|
22 699
|
22 668
|
22 410
|
21 819
|
16 418
|
16 456
|
16 606
|
22 368
|
22 517
|
22 771
|
23 117
|
23 245
|
23 721
|
30 314
|
30 926
|
|
Revenue |
19 896
N/A
|
18 233
-8%
|
17 263
-5%
|
17 345
+0%
|
17 055
-2%
|
17 958
+5%
|
18 993
+6%
|
19 683
+4%
|
20 068
+2%
|
20 258
+1%
|
20 094
-1%
|
19 647
-2%
|
19 608
0%
|
20 453
+4%
|
21 163
+3%
|
22 137
+5%
|
21 885
-1%
|
21 046
-4%
|
21 879
+4%
|
21 839
0%
|
23 136
+6%
|
24 393
+5%
|
24 811
+2%
|
26 224
+6%
|
25 839
-1%
|
26 097
+1%
|
24 443
-6%
|
24 644
+1%
|
25 595
+4%
|
22 378
-13%
|
29 778
+33%
|
30 749
+3%
|
31 826
+4%
|
22 974
-28%
|
28 666
+25%
|
26 784
-7%
|
25 454
-5%
|
23 904
-6%
|
25 539
+7%
|
33 283
+30%
|
33 878
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(16 061)
|
(15 675)
|
(15 562)
|
(15 582)
|
(15 924)
|
(16 636)
|
(16 824)
|
(17 310)
|
(17 654)
|
(16 825)
|
(18 779)
|
(19 155)
|
(19 280)
|
(19 104)
|
(19 769)
|
(19 627)
|
(19 951)
|
(19 448)
|
(19 560)
|
(20 952)
|
(20 966)
|
(22 019)
|
(22 199)
|
(21 686)
|
(22 799)
|
(22 936)
|
(24 600)
|
(25 231)
|
(24 594)
|
(24 902)
|
(23 690)
|
(22 862)
|
(22 655)
|
(22 164)
|
(22 043)
|
(22 394)
|
(23 486)
|
(23 216)
|
(24 115)
|
(31 377)
|
(31 393)
|
|
Selling, General & Administrative |
(120)
|
(3 872)
|
(47)
|
(30)
|
(25)
|
(3 834)
|
(26)
|
0
|
(7)
|
(3 964)
|
(10)
|
0
|
0
|
(4 344)
|
(7)
|
(17)
|
(47)
|
(4 875)
|
(102)
|
(100)
|
(74)
|
(5 261)
|
(55)
|
(72)
|
(82)
|
(5 267)
|
(98)
|
(86)
|
(108)
|
(4 978)
|
(154)
|
(145)
|
(120)
|
(4 884)
|
(32)
|
(15)
|
(23)
|
(5 074)
|
0
|
0
|
0
|
|
Depreciation & Amortization |
0
|
(140)
|
0
|
0
|
0
|
(113)
|
0
|
0
|
0
|
(113)
|
0
|
0
|
0
|
(131)
|
0
|
0
|
0
|
(169)
|
0
|
0
|
0
|
(234)
|
0
|
0
|
0
|
(360)
|
0
|
0
|
0
|
(594)
|
0
|
0
|
0
|
(894)
|
0
|
0
|
0
|
(587)
|
0
|
0
|
0
|
|
Benefits Claims Loss Adjustment |
(11 815)
|
(11 663)
|
(11 580)
|
(11 600)
|
(11 936)
|
(12 689)
|
(12 904)
|
(13 355)
|
(13 669)
|
(12 779)
|
(13 013)
|
(13 329)
|
(13 325)
|
(14 020)
|
(14 657)
|
(14 178)
|
(14 425)
|
(14 359)
|
(14 140)
|
(15 625)
|
(15 674)
|
(16 756)
|
(17 129)
|
(16 538)
|
(17 279)
|
(17 449)
|
(18 848)
|
(19 198)
|
(18 841)
|
(18 969)
|
(12 979)
|
(12 575)
|
(12 426)
|
(16 330)
|
(16 304)
|
(16 662)
|
(17 490)
|
(17 761)
|
(19 957)
|
(28 484)
|
(29 957)
|
|
Other Operating Expenses |
(4 126)
|
0
|
(3 936)
|
(3 951)
|
(3 963)
|
(0)
|
(3 894)
|
(3 955)
|
(3 978)
|
31
|
(5 757)
|
(5 827)
|
(5 954)
|
(609)
|
(5 105)
|
(5 431)
|
(5 478)
|
(46)
|
(5 319)
|
(5 227)
|
(5 218)
|
232
|
(5 016)
|
(5 076)
|
(5 437)
|
141
|
(5 653)
|
(5 946)
|
(5 645)
|
(361)
|
(10 557)
|
(10 142)
|
(10 110)
|
(56)
|
(5 707)
|
(5 716)
|
(5 973)
|
206
|
(4 158)
|
(2 893)
|
(1 437)
|
|
Operating Income |
3 836
N/A
|
2 558
-33%
|
1 701
-33%
|
1 764
+4%
|
1 131
-36%
|
1 322
+17%
|
2 170
+64%
|
2 373
+9%
|
2 415
+2%
|
3 433
+42%
|
1 314
-62%
|
492
-63%
|
329
-33%
|
1 349
+310%
|
1 394
+3%
|
2 510
+80%
|
1 934
-23%
|
1 598
-17%
|
2 319
+45%
|
887
-62%
|
2 171
+145%
|
2 374
+9%
|
2 612
+10%
|
4 538
+74%
|
3 040
-33%
|
3 161
+4%
|
(157)
N/A
|
(587)
-273%
|
1 001
N/A
|
(2 524)
N/A
|
6 087
N/A
|
7 887
+30%
|
9 170
+16%
|
810
-91%
|
6 623
+718%
|
4 390
-34%
|
1 968
-55%
|
688
-65%
|
1 424
+107%
|
1 906
+34%
|
2 484
+30%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(3)
|
(30)
|
(87)
|
(127)
|
(173)
|
(148)
|
(8)
|
(8)
|
140
|
179
|
190
|
172
|
2
|
(97)
|
(267)
|
(268)
|
(259)
|
(251)
|
(257)
|
(274)
|
4 140
|
(307)
|
(319)
|
(316)
|
7 325
|
(375)
|
(421)
|
(490)
|
366
|
(190)
|
(60)
|
170
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1 430)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(10)
|
(92)
|
(136)
|
|
Pre-Tax Income |
3 833
N/A
|
2 556
-33%
|
1 699
-34%
|
1 762
+4%
|
1 129
-36%
|
1 319
+17%
|
2 167
+64%
|
2 369
+9%
|
2 411
+2%
|
2 000
-17%
|
1 285
-36%
|
405
-68%
|
202
-50%
|
1 176
+481%
|
1 246
+6%
|
2 503
+101%
|
1 927
-23%
|
1 738
-10%
|
2 498
+44%
|
1 077
-57%
|
2 343
+118%
|
2 375
+1%
|
2 516
+6%
|
4 271
+70%
|
2 771
-35%
|
2 902
+5%
|
(408)
N/A
|
(844)
-107%
|
728
N/A
|
1 616
+122%
|
5 780
+258%
|
7 568
+31%
|
8 854
+17%
|
8 135
-8%
|
6 248
-23%
|
3 968
-36%
|
1 478
-63%
|
1 054
-29%
|
1 224
+16%
|
1 754
+43%
|
2 519
+44%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(742)
|
(402)
|
(270)
|
(251)
|
(112)
|
(79)
|
(179)
|
(161)
|
(87)
|
76
|
203
|
490
|
476
|
284
|
258
|
(174)
|
(230)
|
(413)
|
(519)
|
(306)
|
(384)
|
(315)
|
(362)
|
(571)
|
(374)
|
(375)
|
37
|
133
|
(13)
|
182
|
(115)
|
(220)
|
(308)
|
(451)
|
(396)
|
(238)
|
(49)
|
(114)
|
(127)
|
(62)
|
(149)
|
|
Income from Continuing Operations |
3 091
|
2 154
|
1 429
|
1 511
|
1 017
|
1 240
|
1 988
|
2 208
|
2 324
|
2 076
|
1 488
|
895
|
678
|
1 459
|
1 505
|
2 329
|
1 697
|
1 326
|
1 979
|
771
|
1 959
|
2 061
|
2 153
|
3 700
|
2 397
|
2 527
|
(371)
|
(711)
|
714
|
1 798
|
5 665
|
7 347
|
8 546
|
7 684
|
5 852
|
3 730
|
1 429
|
940
|
1 097
|
1 693
|
2 370
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
9
|
16
|
|
Net Income (Common) |
3 324
N/A
|
2 154
-35%
|
1 429
-34%
|
1 511
+6%
|
1 017
-33%
|
1 240
+22%
|
1 988
+60%
|
2 208
+11%
|
2 324
+5%
|
2 076
-11%
|
1 488
-28%
|
895
-40%
|
678
-24%
|
1 459
+115%
|
1 505
+3%
|
2 329
+55%
|
1 697
-27%
|
1 326
-22%
|
1 979
+49%
|
771
-61%
|
1 959
+154%
|
2 061
+5%
|
2 153
+4%
|
3 700
+72%
|
2 397
-35%
|
2 527
+5%
|
(371)
N/A
|
(711)
-92%
|
714
N/A
|
1 798
+152%
|
5 665
+215%
|
7 347
+30%
|
8 546
+16%
|
7 684
-10%
|
5 852
-24%
|
3 730
-36%
|
1 429
-62%
|
940
-34%
|
1 098
+17%
|
1 702
+55%
|
2 385
+40%
|
|
EPS (Diluted) |
1.5
N/A
|
0.97
-35%
|
1.14
+18%
|
0.68
-40%
|
0.46
-32%
|
0.56
+22%
|
0.92
+64%
|
1.04
+13%
|
1.1
+6%
|
0.98
-11%
|
0.73
-26%
|
0.43
-41%
|
0.34
-21%
|
0.73
+115%
|
0.78
+7%
|
1.19
+53%
|
0.89
-25%
|
0.67
-25%
|
1
+49%
|
0.39
-61%
|
1.01
+159%
|
1.03
+2%
|
1.12
+9%
|
1.94
+73%
|
1.27
-35%
|
1.33
+5%
|
-0.2
N/A
|
-0.39
-95%
|
0.4
N/A
|
0.95
+138%
|
3
+216%
|
3.95
+32%
|
4.74
+20%
|
4.39
-7%
|
3.21
-27%
|
2.11
-34%
|
0.81
-62%
|
0.55
-32%
|
0.65
+18%
|
1.02
+57%
|
1.42
+39%
|