Qualitas Controladora S.a.b. De C.v. · BMV:Q
Qualitas Controladora S.a.b. De C.v — Qualitas Controladra Sab — Q4 2023 Earnings Presentation
9 slides from Qualitas Controladora S.a.b. De C.v's earnings presentation, Jan 25, 2024
Slide 1: Earnings results webcast
Earnings results webcast 4th quarter and full year 2023 January 26th, 2024
Slide 2: Sustained value driven by our DNA
Sustained value driven by our DNA 22,323 6,359 ~9,400 568 Agents Employees Calls per day Offices & ODQ’s +2,522 +713 +16.2% +17 +11.7 billion pesos in written premiums +527k insured units Organization as our paramount concern Corporate development plan 2 ∆ growth 2023 vs 2022
Slide 3: Strong growth still possible
Strong growth still possible Written premiums Earned premiums +32.0% +27.8% +30.8% +24.1% 53,726 49,591 42,036 39,969 16,402 12,424 14,030 10,724 4Q22 4Q23 2022 2023 4Q22 4Q23 2022 2023 % ∆ growth vs previous period Premiums in million pesos Financial Traditional Q International Institutions 74%* 27
Slide 4: Reaching stabilization towards objective
Reaching stabilization towards objective 4Q23 67.5% 70.7% 2023 69.2% 70.9% LOSS RATIO QC Q Mx 4Q22 70.5% 76.0% 2022 68.5% 70.5% Seasonality Claims Robberies US adjustments • +13% in claims • +10% for • Increase in Hurricane OTIS, • +27.9% in Qualitas reserves offset by our $5 frequency • Recovery ra
Slide 5: Implemented actions paying off
Implemented actions paying off 4Q23 2023 21.4% 22.3% Acquisition ratio Acquisition ratio 94.3% 70.7% 96.1% 70.9% Combined ratio Loss ratio Combined ratio Loss ratio (-417) bp vs 4Q22 (-32) bp vs 2022 2.3% 2.9% Operating ratio Operating ratio 4Q23 2023 89% 9.6% Comprehensive $1,097 $3,961 Fixed Yield
Slide 6: Strategic capital allocation in a dynamic landscape
Strategic capital allocation in a dynamic landscape ~10 initiatives identified… In due diligence Vertical Vertical QSalud Tech Co. QColombia integration integration 1 2 Under execution 6
Slide 7: Strong trifecta fueling growth
Strong trifecta fueling growth COMBINED RATIO Within our objective range, 92-94% ACQUISITION & OPERATING RATIO Within our historical average TOP LINE Mid to high teens digit growth ROI ~10%, given our fixed income duration strategy LOSS RATIO Gradually improving, close to our 62-65% range 7
Slide 8: Analysts & IR contacts
Analysts & IR contacts Analyst: Analyst: Analyst: Analyst: Analyst: Jorge Pérez Rodrigo Ortega Thiago Paura Ernesto Gabilondo Jorge Gordillo E-mail: E-mail: E-mail: E-mail: E-mail: Jorgeperez.araya@itau.cl r.ortega@bbva.com thiago.paura@btgpactual.com ernesto.gabilondo@bofa.com jgordillo@cibanco.com
Slide 9: Earnings results webcast
Earnings results webcast 4th quarter and full year 2023 January 26th, 2024
Qualitas Controladra Sab — Q4 2023 Earnings Presentation on 6ix