Doha Insurance Co. · QSE:DOHI
Doha Insurance — Q4 2024 Earnings Presentation
13 slides from Doha Insurance's earnings presentation, Feb 24, 2025
Slide 1: DIG – Q4 2024 Conference Call
DIG – Q4 2024 Conference Call Date: 24.02.2025 Time: 13:30 pm
Slide 2: Doha Insurance Group Profile
Doha Insurance Group Profile Incorporated in 1999 as a national Qatari Public Shareholding Company listed on the Qatar Exchange and licensed as general insurance company, with paid up capital of QAR 127 million. The company commenced operations in 2000 and quickly established itself as one of the le
Slide 3: Board of Directors
Board of Directors Sheikh Hamad Bin Jassim Bin Mohammad Al Sheikh Nawaf Nasser Bin Khalid Al Thani Thani/ Arabian Construction and Engineering Mr. Adel Ali Bin Ali Al Muslemani Chairman Company Managing Director Vice Chairman Sheikh Jassim Bin Mohammad Bin Khalid Al Major Gen Essa Ali E M Al-Kubaisi
Slide 4: Subsidiaries
Subsidiaries Doha Takaful • Sharia Compliant Direct Insurance Provider • Registered and operating in Qatar • Reinsurance underwriter focused on Liability and PV Mena Re lines of business. • Registered in DIFC (Dubai) and underwriting business from across the MENA region. • Reinsurance underwriter fo
Slide 5: Highlights from DIG’s Q4 2024 Results
Highlights from DIG’s Q4 2024 Results • 36% increase in gross premiums, attributed to strong growth in engineering insurance, energy insurance and business from Mena Re. • A 24% increase in underwriting results mainly due to the increase in insurance revenue, with a small improvement in technical pr
Slide 6: Gross Written Premiums and Insurance Revenue
Gross Written Premiums and Insurance Revenue GWP and Insurance Revenue 4,000,000,000 3,500,000,000 3,000,000,000 1,579,304,832 2,500,000,000 1,373,548,716 2,000,000,000 1,500,000,000 1,000,000,000 2,084,731,776 1,534,449,210 500,000,000 0 31-12-2024 31-12-2023 GWP Insruance Revenue Insurance Revenue
Slide 7: Insurance Operations’ Performance
Insurance Operations’ Performance Loss Raito Net Commissoin Cost 60.0% 54.3% 53.9% 54,800,000 54,656,240 4.0% 50.0% 54,600,000 3.5% 3.5% 54,400,000 3.0% 40.0% 2.6% 2.5% 54,200,000 2.0% 30.0% 54,000,000 53,888,742 1.5% 53,800,000 1.0% 20.0% 53,600,000 0.5% 10.0% 53,400,000 0.0% 31-12-2024 31-12-2023
Slide 8: Investment Performance and Overall Profitability
Investment Performance and Overall Profitability Investment Performance Q4 2024 Operating Expenses 1,600,000,000 1,486,556,428 6.0% 1,435,369,761 160,000,000 10.0% 5.5% 140,483,737 1,400,000,000 140,000,000 9.0% 5.0% 123,022,910 8.0% 1,200,000,000 8.9% 4.3% 120,000,000 9.0% 4.0% 7.0% 1,000,000,000 1
Slide 9: Investment Performance and Overall Profitability, Continued
Investment Performance and Overall Profitability, Continued Net Income and Net Income Margin 200,000,000 14% 190,398,195 180,000,000 11% 12% 12% 160,000,000 140,000,000 10% 150,748,624 120,000,000 8% 100,000,000 80,000,000 6% 60,000,000 4% 40,000,000 2% 20,000,000 0 0% 31-12-2024 31-12-2023 Net Inco
Slide 10: DIG’s Balance Sheet as of 31-12-2024
DIG’s Balance Sheet as of 31-12-2024 3,500,000,000 3,288,197,802 3,000,000,000 2,786,691,843 2,500,000,000 1,993,088,857 2,000,000,000 1,573,788,830 1,500,000,000 1,295,108,945 1,212,903,013 1,000,000,000 500,000,000 0 Total Assets Total Liabilities Shareholders' Equity 31-12-2024 31-12-2023
Slide 11: Solvency and Balance Sheet Strength
Solvency and Balance Sheet Strength Investment to Net Insurnace Provisions 31-12-2023 1,435,369,761 399,648,272 31-12-2024 1,486,556,428 392,387,785 0 500,000,000 1,000,000,000 1,500,000,000 2,000,000,000 Investment Assets Net Technical Reserves Accounts Receivable and Days to Receivable Ratio 450,0
Slide 12: Proposed Dividend
Proposed Dividend • The Board of Directors has 120% proposed a dividend of 17.5% of 100% capital, which translates to Q.R 80% 42% 0.175 per share. 60% 54% • This would result in a dividend 40% yield of 6.8% on the current 20% 46% 58% market value of DIG’s share (QR 2.57). 0% 31-12-2024 31-12-2023 Di
Slide 13: Thank You