Jubilee Life Insurance Co. Ltd. · PSX:JLICL
Jubilee Life Insurance — Investor Presentation (December 2024)
24 slides from Jubilee Life Insurance's investor presentation, December 2024
Slide 1: Corporate Briefing Session – December 2024
Corporate Briefing Session – December 2024
Slide 2: Agenda
Agenda Company Overview Recent Awards Industry Performance Financial Performance Regulatory and Fiscal Developments Outlook Integrity Passion Excellence Teamwork 2
Slide 3: Company Overview
LIFE INSURANCE Company Overview
Slide 4: About Us
About Us Leading company in the private life and health insurance sector of Pakistan. Jubilee Life is the subsidiary of Aga Khan Fund for Economic Development. Incorporated in Pakistan on 29th June 1995 as a Public Limited Company. Jubilee Life is engaged in both Individual Life and Corporate Insura
Slide 5: Credit Rating
Credit Rating Jubilee Life has been assigned Insurer Financial Strength (IFS) rating of “AA++” (Double A Plus Plus) with ‘Stable’ outlook by JCR-VIS Credit Rating Co. Ltd. Jubilee Life enjoys a sizeable market share in the Life and Health insurance sector of Pakistan. Integrity Passion Excellence Te
Slide 6: Our Products and Plans
Our Products and Plans Marriage Saving & Retirement Child Education Plans Plans Protection Plans Plans Plans Rural Family Takaful Wealth Accumulation for Women Plans Plans Integrity Passion Excellence Teamwork 6
Slide 7: Biggest Panel Network: 600+ Hospitals
Biggest Panel Network LARGEST HEALTH INSURANCE PROVIDER with the widest panel network of more than 600+ HOSPITALS Integrity Passion Excellence Teamwork 7
Slide 8: Our Banca Partners
Our Banca Partners Integrity Passion Excellence Teamwork 8
Slide 9: Awards & Accolades - 2024
Awards & Accoladed - 2024 Jubilee Life Insurance received the Certificate of Merit in Insurance category at the South Asian Federation of Accountants (SAFA) Best Presented Annual Reports Awards 2023 ceremony held in Colombo, Sri Lanka. Jubilee Life received award in life insurance category at the “3
Slide 10: Taxation and Regulatory Matters
Taxation and Regulatory Matters Company has successfully submitted Phase-3 of IFRS-17 Financial Impact Assessment to SECP and Phase-4 is currently in progress Withdrawal of income tax credits to the individuals on payment of life insurance and health premium in Finance Act 2021. - Imposition of Supe
Slide 11: Industry Performance
LIFE INSURANCE a a Industry Performance a
Slide 12: Pakistan Insurance Sector
Pakistan Insurance Sector Industry Overview Contribution to National Economy GROSS Stamp Duty TOTAL ASSETS CLAIMS PAID 6% PREMIUM Other FED 2023 2023 2023 18% Contribution Rs. 2,900 Rs. 631 Rs. 373 5% Billion Billion Billion 2022 2022 2022 Rs. 2,421 Rs. 553 Rs. 276 Billion Billion Billion Total Cont
Slide 13: Financial Performance
LIFE INSURANCE Financial Performance
Slide 14: Financial Snapshot
Financial Snapshot Amount in PKR 9MCY24 9MCY23 YoY Net Premium /Contribution Revenue 33,523 32,433 3% Investment Income 27,615 21,545 28% Net realized FV gains / (losses) on financial assets 996 -448 3.22x Net FV gains/ (losses) on financial assets at FVTPL 7,548 -524 15.40x Net Income 70,185 53,492
Slide 15: Premium – Segment Wise
Premium – Segment Wise Others Others 4% 6% Convention Conventional al Business Business 8% 10% Individual Accident & Life Unit Individual Health Linked Life Unit Business 38% Linked Accident & 9MCY24 21% 9MCY23 46% Health Business 26% Individual Individual Family Family Takaful Takaful 21% 20% Sourc
Slide 16: Performance of Retail Business
Performance of Retail Business Retail Business Comparison Sep-2024 Sep-2023 4,000 3,798 3,500 3,221 3,000 2,500 PKR Million 2,101 2,000 1,628 1,696 1,593 1,500 1,000 500 - Conventional Takaful Total Integrity Passion Excellence Teamwork 16
Slide 17: Performance of Corporate Business
Performance of Corporate Business Corporate Business Comparison Sep-2024 Sep-2023 18,000 16,000 15,357 14,000 13,168 11,939 12,000 10,382 PKR Million 10,000 8,000 6,000 4,000 2,190 2,000 1,557 - Corporate Conventional Corporate Takaful Total Integrity Passion Excellence Teamwork 17
Slide 18: Investment Income
Investment Income 9MCY23 9MCY24 Unit Linked Funds CY24TD 27,615 Balanced Fund 18.44% 21,545 Aggressive Fund 25.72% PKR Million Meesaq Balanced Fund 17.49% Government Securities Fund 16.76% 8,544 Balanced Takaful Fund 16.71% Aggressive Takaful Fund 21.53% (972) Family Takaful Balanced Fund 16.18% Inv
Slide 19: Surplus Distribution
Surplus Distribution Surplus Generated vs. Surplus Transferred Retained Transferred to PnL 3,946 3,157 2,540 64% 2,580 82% 1,406 36% 577 18% Sep-24 Sep-23 Integrity Passion Excellence Teamwork 19
Slide 20: Key Initiatives
Jubilee LIFE INSURANCE Key Initiatives
Slide 21: Key Collaborations - 2024
Key Collaborations - 2024 Jubilee Life Insurance has partnered with the Pakistan Fintech Network to sponsor the upcoming Pakistan Insurtech Summits in 2024, 2025, and 2026. Jubilee Life Insurance has collaborated with Jubilee Life Insurance partners up with OLADOC, aiming to provide health care (OPD
Slide 22: Introduction of Traditional Products
Introduction of Traditional Products The company has launched ingenious conventional traditional products and riders. These traditional non-participating product offer Guaranteed Surrender Values Guaranteed Death Benefit Guaranteed Maturity Benefit Free of cost Additional Accidental Deat
Slide 23: Digital Transformation
Digital Transformation The company is focused on leveraging Technology and Data Analytics to enhance customer experience, streamline operations, take competitive edge. Jubilee Active App User Base has increased to 280,089 since its launch Comprehensive collection of wellness related content (Tra
Slide 24: Thank You. Q/A Session.
LIFE INSURANCE Thank You. Q/A Session.
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