Efu Life Assurance Limited · PSX:EFUL
Efu Life Assurance — Investor Presentation (March 2024)
17 slides from Efu Life Assurance's investor presentation, Mar 28, 2024
Slide 1: Corporate Briefing 28 March 2024
LIFE Corporate Briefing 28 March 2024
Slide 2: Agenda
AGENDA Company Business Profile Performance Awards and Future Plans Achievements Q&A
Slide 3: Company Profile
COMPANY PROFILE First private sector Life Insurance Company of Pakistan. Company is part of the EFU Group which also includes EFU General and EFU Health – Largest insurance group in Pakistan – PKR 81bn in 2023 Launched Window Takaful Operations in 2015 Product range covers Conventional and Takaful p
Slide 4: Credit Rating
CREDIT RATING EFU Life Assurance Limited has been assigned Insurer Financial Strength rating of “AA++” (Double A Plus Plus) by VIS Credit Rating Company Limited and outlook on the assigned rating is ‘Stable’. The rating signifies company’s exceptionally strong capacity to meet policyholders’ and con
Slide 5: Key Financial Indicators - 2023
KEY FINANCIAL INDICATORS - 2023 Shareholders Return On Earning per Dividend Equity Equity Share Rs. 6.95 Bn 31.08% Rs. 20.66 150%
Slide 6: Awards & Achievements
AWARDS & ACHIEVEMENTS Honored with the prestigious Honored with the 'Best Life Conferred with the most 'Corporate Excellence Insurance Company' at the prestigious 'Brand of the Year Award' for Life Insurance 17th Consumers Choice Award 2022' for Best Life Company at the 38th Award 2022-23 for the In
Slide 7: Awards & Achievements
AWARDS & ACHIEVEMENTS Received 'International Received the 'CSR Award Confered with 'Certificate of Environment, Health & Safety 2023' in the 'Social Impact' Merit' for the Best Presented Award' for 'Best Environmental category at the 12th CSR Annual Report 2022 in the Practices' at the 9th Summit &
Slide 8: Products
PRODUCTS EFU Life’s product range is designed around needs of various socio- economic segments of society - ranging from the mass market to high net worth segments with a strong focus on financial inclusion. During 2023, several innovative financial solutions were launched– via branchless banks, tel
Slide 9: Our Bank Partners
OUR BANK PARTNERS @ Gel HABIBMETRO @NBP /JSpanx | © The Bank of Punjab where you come first ram roll Ls li Wr : KR alBaraka’O &) Dubai Islamic Bank i@ Soneri Bank SILKBANK 7 an, — askaribank } Standard @ [inal HBL i _ faysabank 2 Chartered Ss MCB A a Ww Bank Alfalah Banklslami 8) eank NO Mobilink f
Slide 10: Profit and Loss Account
PROFIT AND LOSS ACCOUNT PKR Million Profit and Loss Account 2023 2022 Change Gross Premium/ Contribution Revenue 37,467 39,565 -5% Net Premium/ Contribution Revenue 36,404 38,471 -5% Investment Income, Net realized gain(loss) 39,347 14,535 171% Total Net Income 75,751 53,006 43% Net Insurance Benefi
Slide 11: Gross Premium
GROSS PREMIUM Gross Premium Composition Gross Premium Growth 5 Year Summary PKR Billion 13% 15% 2% First Year Premium Renewal Premium Single Premium Group Benefits 70% Individual Life Regular Premium Group Benefits In 2023, the gross premium of the Company was Rs. 37.47 billion
Slide 12: Claim Payments
CLAIM PAYMENTS Gross Death & Disability Claims 5 Year Summary PKR Million Individual Life Group Benefits 2,727 2,690 2,544 2,554 In 2023, the Company 2,189 settled total death and 1,360 disability claims of Rs. 3.85 1,316 1,297 951 1,160 billion (2022: 3.85 billion). 2019 2020 2021 2022 2023
Slide 13: Assets and Funds
ASSETS AND FUNDS Assets Composition The Company has a strong 4% 2% Government Securities balance sheet size with total assets 4% 6% of Rs. 210 billion for 2023 Shares and Mutual Funds (2022: Rs. 179 billion) 12% Cash and Bank Deposits The net asset value of all Unit- Current Assets Linked funds unde
Slide 14: Looking Forward
Slide 15: Challenges
CHALLENGES ECONOMY TAXES • Economic uncertainity • Imposition of Super Tax • Purchasing power of. • Withdrawal of tax credit on customers has reduced life insurance premium • Cost of doing business • Petition pending for Sales Tax increasing on services AWARENESS REGULATIONS • Low consumer awareness
Slide 16: Strategy
STRATEGY DISTRIBUTION PRODUCTS HEALTH • Focus on strengthening distribution channels Enhance product portfolio Integrating health • Investing in new channels to reach new customer business such as Digital & segments telesales CUSTOMER SERVICE TECHNOLOGY REGULATOR Optimize all aspects of Technology a
Slide 17: Thank You!
THANK YOU! LIFE
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