Damaan Islamic Insurance Company (beema) · QSE:BEMA
Damaan Islamic Insurance Company (beema) — FY2024 Earnings Presentation
14 slides from Damaan Islamic Insurance Company (beema)'s earnings presentation, January 2025
Slide 1: FY 2024 Financial Results Presentation
Damaan Islamic Insurance Company – Beema (Q.P.S.C.) FY 2024 Financial Results Presentation
Slide 2: FY 2024 key financial performance highlights
FY 2024 key financial performance highlights Significant increase in Gross Written Contributions and Shareholders Net Profit Gross Written Contributions Shareholders’ Total net investment Total Murabaha Shareholders’ (“GWC”) net profit income financing equity QAR QAR QAR QAR QAR 510.5 mm 84.6 mm 37.
Slide 3: Beema at a glance
Beema at a glance One of Qatar’s largest and most innovative providers of Takaful insurance Who we are 1 Sector leader in Qatar 2 Shari’a-compliant business model 3 Listed on the QSE Main Market ▪ Islamic insurance company established in ▪ Wakala / Mudarib Takaful model 2009 with a share capital of
Slide 4: Beema's key investment highlights
Beema’s key investment highlights Strong operational and financial performance – well positioned to capitalize on the increasing demand in Islamic insurance solutions and growth opportunities in Qatar and the region Leading position within the Islamic insurance sector 1 Beema has been one of the lar
Slide 5: Comprehensive service offerings
Comprehensive service offerings Wide variety of insurance coverage distributed through multiple, innovative channels Takaful insurance key features Takaful & Health Motor, Marine & Aviation Motor Aviation Pleasure Crafts Group Credit Life Group Medical 26% Car Travel Marine Loan non-repayment Health
Slide 6: Overview of Gross Written Contributions & Net underwriting results
Overview of Gross Written Contributions & Net underwriting results 27% YoY growth in GWC reaching QAR 511 Mill during the FY 2024 period, coupled with strengthened net underwriting results Gross written contributions (QAR Mill) FY 2024 – YoY changes: 511 550 +18% 11 500 490 393 401 450 368 115 +6% 4
Slide 7: Shareholders' income & net profit
Shareholders’ income & net profit 17% YoY increase in total shareholders’ income coupled with a net profit increase of 20% YoY to reach QAR 85 Mill Total income to shareholders (QAR Mill) 10%1% 11% 11% 1% 11% Wakala fees +17% + 17% YoY FY 2023 Net income from FY 2024 QAR 123 mm shareholders’ +17% QA
Slide 8: Investment performance
Investment performance 18% YoY increase in net investment income to QAR 37 Mill during FY 2024 Net investment income & investments held at fair value (QAR Mill) Investments at fair value Total Total Total Total 47% 46% 45% 45% QAR 53% QAR QAR QAR 54% 55% 55% 826 mm 911 mm 794 mm 837 mm Net Investmen
Slide 9: Capital structure
Capital structure Beema maintained a strong capital structure and transitioned to a debt-free position as of the third quarter of FY 2024 Policyholders’ and Shareholder’s equity (QAR Mill) Murabaha financing (QAR Mill) 732 Shareholders’ +10% 241 equity 654 Transition to a Policyholders’ +17% 184 116
Slide 10: Key ratios and capital adequacy
Key ratios and capital adequacy Marginally increased loss and combined ratios despite high inflation. Healthy solvency maintained Loss, net acquisition & expense ratio Capital requirements & solvency ratio (QAR Mill) 900 400% 365% 351% 800 350% 79.8% 77.8% 700 315% 70.4% 71.5% 300% 300% 18.0% 23.1%
Slide 11: Beema historical financial performance details
Beema historical financial performance details Key financial information highlights Selected Income and Cash Flow Statement Items (QAR Mill) Selected Balance Sheet Items (QAR Mill) For the year ended 31 December As at 31 As at 31 2024 2023 December December Policyholder’s Income Statement 2024 2023
Slide 12: Beema's Corporate Social Responsibility
Beema’s Corporate Social Responsibility Building a sustainable future through social responsibility and employee development Corporate Social Responsibility Initiatives Achieved the GSAS Certificate on Social & Sports Contributions GSAS Certification Beema’s headquarters with a 3-star rating Communi
Slide 13: Beema listing and shareholding information
Beema listing and shareholding information Beema’s shares began trading on the Qatar Stock Exchange on 16 January 2023 General information Shareholding structure Damaan Islamic Insurance Company Barwa Real Estate Company Company name "Beema" 15% 25% Qatar Islamic Bank QSE Ticker BEMA Qatar Insurance
Slide 14: Important Information
Important Information This presentation has been prepared by Damaan Islamic Insurance Company “Beema” (Q.P.S.C.) (the “Company”) for informational purposes only. This presentation does not constitute an offer or invitation or solicitation of any offer to subscribe for or purchase any shares or other
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