National Reinsurance Corporation of the Philippines Past Earnings Performance
Past criteria checks 4/6
National Reinsurance of the Philippines has been growing earnings at an average annual rate of 35.1%, while the Insurance industry saw earnings growing at 10.7% annually. Revenues have been growing at an average rate of 8.3% per year. National Reinsurance of the Philippines's return on equity is 11%, and it has net margins of 14.6%.
Key information
35.1%
Earnings growth rate
35.1%
EPS growth rate
| Insurance Industry Growth | 7.6% |
| Revenue growth rate | 8.3% |
| Return on equity | 11.0% |
| Net Margin | 14.6% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How National Reinsurance Corporation of the Philippines makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 5,156 | 751 | 391 | 0 |
| 30 Jun 24 | 5,336 | 794 | 361 | 0 |
| 31 Mar 24 | 5,028 | 638 | 349 | 0 |
| 31 Dec 23 | 4,739 | 536 | 334 | 0 |
| 30 Sep 23 | 4,027 | 424 | 292 | 0 |
| 30 Jun 23 | 3,562 | 233 | 294 | 0 |
| 31 Mar 23 | 3,290 | 62 | 287 | 0 |
| 31 Dec 22 | 3,183 | 56 | 274 | 0 |
| 30 Sep 22 | 2,837 | -276 | 249 | 0 |
| 30 Jun 22 | 3,064 | -175 | 239 | 0 |
| 31 Mar 22 | 3,132 | 68 | 224 | 0 |
| 31 Dec 21 | 3,251 | 142 | 227 | 0 |
| 30 Sep 21 | 3,834 | 367 | 225 | 0 |
| 30 Jun 21 | 3,839 | 575 | 217 | 0 |
| 31 Mar 21 | 3,955 | 586 | 224 | 0 |
| 31 Dec 20 | 3,540 | 120 | 220 | 0 |
| 30 Sep 20 | 3,215 | -41 | 224 | 0 |
| 30 Jun 20 | 3,190 | -202 | 236 | 0 |
| 31 Mar 20 | 3,046 | -340 | 233 | 0 |
| 31 Dec 19 | 3,569 | 157 | 228 | 0 |
| 30 Sep 19 | 3,264 | 249 | 318 | 0 |
| 30 Jun 19 | 3,187 | 330 | 285 | 0 |
| 31 Mar 19 | 3,151 | 285 | 312 | 0 |
| 31 Dec 18 | 2,913 | 149 | 320 | 0 |
| 30 Sep 18 | 2,896 | 106 | 313 | 0 |
| 30 Jun 18 | 2,752 | 117 | 330 | 0 |
| 31 Mar 18 | 2,715 | 172 | 300 | 0 |
| 31 Dec 17 | 2,448 | 83 | 293 | 0 |
| 30 Sep 17 | 2,326 | 199 | 304 | 0 |
| 30 Jun 17 | 1,973 | 81 | 313 | 0 |
| 31 Mar 17 | 1,632 | 38 | 290 | 0 |
| 01 Jan 17 | 1,477 | 27 | 291 | 0 |
| 30 Sep 16 | 1,276 | 47 | 264 | 0 |
| 30 Jun 16 | 1,382 | 123 | 339 | 0 |
| 31 Mar 16 | 1,420 | 92 | 406 | 0 |
| 31 Dec 15 | 1,388 | 179 | 417 | 0 |
| 30 Sep 15 | 1,501 | 241 | 385 | 0 |
| 30 Jun 15 | 1,367 | 63 | 289 | 0 |
| 31 Mar 15 | 1,204 | 105 | 225 | 0 |
| 31 Dec 14 | 1,223 | 8 | 218 | 0 |
| 30 Sep 14 | 1,090 | -296 | 168 | 0 |
| 30 Jun 14 | 1,175 | -278 | 394 | 0 |
| 31 Mar 14 | 1,345 | -213 | 399 | 0 |
| 01 Jan 14 | 1,485 | -288 | 419 | 0 |
Quality Earnings: NRCP has a high level of non-cash earnings.
Growing Profit Margin: NRCP's current net profit margins (14.6%) are higher than last year (10.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: NRCP's earnings have grown significantly by 35.1% per year over the past 5 years.
Accelerating Growth: NRCP's earnings growth over the past year (77.1%) exceeds its 5-year average (35.1% per year).
Earnings vs Industry: NRCP earnings growth over the past year (77.1%) exceeded the Insurance industry 16.7%.
Return on Equity
High ROE: NRCP's Return on Equity (11%) is considered low.