Qatar Insurance Co. · QSE:QATI
Qatar Insurance — Q1 2025 Earnings Presentation
23 slides from Qatar Insurance's earnings presentation, March 2025
Slide 1: Investor Presentation
INVESTOR PRESENTATION March 2025 Internal
Slide 2: Content
CONTENT Overview Financial Information Investments Capital Strategy qic-group.com | PAGE: 2 Internal
Slide 3: QIC Group Overview
QIC Group Overview Group Overview Shareholder Base Leading insurance group in the Middle East & North Africa (MENA) region. Largest in terms of total asset and total equity in MENA. 14.41% Government of Qatar Composite insurer with a global underwriting footprint and a home base in the Members f
Slide 4: Global Presence
Global Presence Qatar Dubai & Abu Dhabi Oman Kuwait London QIC Group’s HQ and domestic QIC direct insurance Oman Qatar Insurance Kuwait Qatar Antares Group Holdings operations operations (UAE) Company Insurance Company Antares Lloyd’s Epicure Holdings LLC 1274 Syndicate Anoud Technol
Slide 5: Broad Spectrum of Capabilities
Broad Spectrum of Capabilities QIC GROUP WELL DIVERSIFIED MULTI-PILLAR BUSINESS SET-UP QIC Antares QIC - MENA Antares Re Epicure Anoud Direct Lloyd’s Life & Reinsurance Asset Technologies Insurance Insurance Medical Management Personal lines ❖ Aviation ❖ Group Life ❖ Agriculture ❖ Investment ❖ End-t
Slide 6: Dominant position in the MENA Region
Dominant position in the MENA Region Regional comparison (FY 2024) 1 in USD million Total Assets 7,387 5,595 4,150 1,569 3,214 2,838 Total Equity 2,473 1,364 1,193 935 958 815 1 Source: Bloomberg Market leading insurance group in the MENA region in terms of total assets and total equity (as of FY 20
Slide 7: Key Facts and Figures
Key Facts and Figures • Steadily evolved from a domestic player to a regional player with a global presence Solid Foundation ` ` • Supportive and robust shareholder base with Government of Qatar and the Qatari Royal Family members owning more than 23% shareholding • Insurance Revenue: QAR 1.9 billio
Slide 8: Key milestones
Key milestones 1964 1968 2002 2004 2009 ❖ QIC established ❖ Dubai Branch ❖ Abu Dhabi Branch ❖ KQIC (Kuwait) and OQIC (Oman) ❖ Qatar Re established established established established 2017 2015 2014 2011 ❖ Qatar Re placed USD 450mn perpetual ❖ Qatar Re re-domiciled to ❖ QIC Europe Ltd established in
Slide 9: ESG Initiatives to lead the space in the MENA region
ESG Initiatives to lead the space in the MENA region ESG – Purpose and backdrop QIC is an environmentally and socially responsible citizen, and creates value for Achieving ESG goals and metrics significantly improves the brand reputation, financial its shareholders, customers, society, and the envir
Slide 10: Financial Information
CONTENT Overview Financial Information Investments Capital Strategy qic-group.com | PAGE: 10 Internal
Slide 11: Strong Capital Base & Ratios
Strong Capital Base & Ratios Total Equity in QAR Millions Solvency Ratio – Qatar Central Bank (QCB) 8,767 9,003 8,907 As per QCB 2022 2023 2024 2,521 2,521 2,521 6,246 6,482 6,386 Eligible Capital (QAR Mn) 7,602 7,449 7,996 2023 2024 Q1 2025 Shareholders equity Tier 2 capital - Subordinated perpetua
Slide 12: Reorganizing Insurance Portfolio with Focus on Profitability
Reorganizing Insurance Portfolio with Focus on Profitability Gross Written Premium (QAR Mn) Revising Geographical split (GWP %) 9,366 9,143 11 21 15 36 46 17 16 2,749 2,823 13 74 62 48 41 2023 2024 Q1 2024 Q1 2025 2022 2023 2024 Q1 2025 International Qatar GCC ex Qatar Gross written Premium – Optimi
Slide 13: Financial Performance (IFRS 17)
Financial Performance (IFRS 17) Insurance Revenue in QAR Millions Insurance Service Result in QAR Millions 514 10,089 8,600 300 2,186 1,906 105 76 2023 2024 Q1 2024 Q1 2025 2023 2024 Q1 2024 Q1 2025 Insurance Service Result by region in QAR Millions Q1 2025 Q1 2024 105 118 76 62 43 GCC International
Slide 14: Financial Performance – Key Metrics
Financial Performance – Key Metrics Combined Ratio as per IFRS 4 Return on Equity 98.7% 97.0% 97.9% 10% 6.4% 7.7% 6.6% 9% 16.9% 8% 18.6% 20.1% 75.4% 70.7% 71.2% 2023 2024 Q1 2025 2023 2024 Q1 2025 Loss ratio Acquisition ratio Expense ratio qic-group.com | PAGE: 14 Internal
Slide 15: Key Highlights (in QAR Mn)
Key Highlights (in QAR Mn) Amount in QAR Mn FY 2023 FY 2024 Q1 2024 Q1 2025 Insurance Revenue 10,089 8,600 2,186 1,906 Insurance Service Results 300 514 105 76 Investment Income 941 916 245 229 G&A Expenses (410) (467) (129) (127) Profit after Tax 615 735 194 205 Return on Equity 8% 9% 10% 10% Earni
Slide 16: QIC Group Reported Financials – Balance sheet
QIC Group Reported Financials – Balance sheet (QAR Mn) as at Dec 2023 Dec 2024 Mar 2025 ASSETS Cash and cash equivalents 5,888 4,778 3,931 Reinsurance contract assets 6,227 5,143 4,821 Insurance contract assets 105 106 110 Other receivables 259 391 461 Investments 14,953 15,035 15,267 Investment pro
Slide 17: Investments
CONTENT Overview Financial Information Investments Capital Strategy qic-group.com | PAGE: 17 Internal
Slide 18: Stable Investment Portfolio & Yields
Stable Investment Portfolio & Yields Investment Portfolio (QAR Mn) & Composition Investment Income (QAR Mn) & Portfolio Yields 5.2% 5.3% 5.0% 1,200 6.0% 5.0% 1,000 1,004 973 4.0% 19,199 19,387 18,371 18,170 3.0% 2.0% 800 1.0% 4% 4% 5% 5% 0.0% 7% 8% 600 -1.0% 8% 8% -2.0% 11% 9% -3.0% 10% 10% 400 -4.0
Slide 19: Investment Portfolio Details
Investment Portfolio Details Fixed income: Rating Fixed income - Geographic mix Fixed income - Mix by sector 4.8% 1.6% 4.5% 4.1% 3.1% 2.1% 11.4% 5.1% 30.1% 6.7% 50.4% 36.0% 14.2% 58.8% 24.8% 15.0% 27.3% America (exc. LATAM) MENA Financial Government A- & Above BBB- to BBB+ Exploration & Production C
Slide 20: Capital Strategy
CONTENT Overview Financial Information Investments Capital Strategy qic-group.com | P A G E : 20 Internal
Slide 21: Balance Sheet Strength Underpinned by Strong Access to Capital
Balance Sheet Strength Underpinned by Strong Access to Capital Total Equity in QAR Millions 8,767 9,003 8,907 Balance Sheet Strength 2,521 2,521 2521 Equity and Debt Capital Market Track Record 6,246 6,482 6,386 2022 Tier-2 Issue Refinanced 2017 Tier-2 issue with USD 400m raise 2023 2024 Q1 2025 202
Slide 22: Disclaimer
Disclaimer NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES OR FOR THE ACCOUNT OR BENEFIT OF U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933 (THE “SECURITIES ACT”)) OR IN OR INTO AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY
Slide 23: Thank You
THANK YOU qic-group.com | P A G E : 23 Internal
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