Asia Insurance Co. Ltd. (pakistan) · PSX:ASIC
Asia Insurance Co. Ltd. (pakistan) — Asia Insurance Company — Investor Presentation (December 2022)
10 slides from Asia Insurance Co. Ltd. (pakistan)'s investor presentation, December 2022
Slide 1: We've got You Covered
ASIA INSURANCE COMPANY LTD We’ve got You Covered
Slide 2: Contents
CONTENTS • Company Profile • Management • Business Lines Review • Financial Performance • Challenges • Q&A
Slide 3: Founded in 1979, Rated A++ by PACRA
Founded in 1979 Rated A++ by PACRA (2022) One of the first insurance companies in Pakistan with foreign shareholding; M/s Insuresilience Investment Fund took up 25% in 2018 GWP > 1.1bn in 2022
Slide 4: Company Profile
Company Profile • Asia Insurance Company Limited is a quoted public limited company which was incorporated in Pakistan on December 06, 1979 under the repealed Companies Act, 1913 (now the Companies Act, 2017). The Company is engaged in non‐life insurance business mainly comprising of fire, marine, m
Slide 5: Management
Management BOARD OF DIRECTORS • Mr. Zain ul Haq Qureshi • Mr. Ihtsham ul Haq Qureshi (Prince Henrik Medal of Honour by Royal Kingdom of Denmark) • Mrs. Nosheen Ihtsham Qureshi (Tamgha‐e‐Imtiaz by Government of Pakistan) • Mr. Khawaja Suhail Iftikhar (Former General Manager of PIA) • Mr. Hassan Ahmed
Slide 6: Business Line Review: GWP Analysis – Conventional Insurance
BUSINESS LINE REVIEW GWP Analysis – Conventional Insurance Dec. 31, Class of Business Dec. 31, 2022 Variance % 2021 Rupees in '000 Fire and property damage 331,069 295,539 12% Marine, aviation & transport 150,741 116,167 30% Motor 121,758 116,462 5% Health 288,184 233,069 24% Miscellaneous 109,802 1
Slide 7: Business Line Review: Contribution Analysis – Takaful Business
BUSINESS LINE REVIEW Contribution Analysis – Takaful Business Class of Business Dec. 31, 2022 Dec. 31, 2021 Variance % Rupees in '000 Fire and property damage 49,283 30,411 62% Marine, aviation & transport 16,118 15,471 4% Motor 19,049 11,414 67% Miscellaneous 15,958 20,043 ‐20% Total 100,408 77,339
Slide 8: Financial Performance
FINANCIAL PERFORMANCE (For the Year Dec. 31, 2022 and last 5 years) Particulars FY 2022 FY 2021 FY 2010 FY 2019 FY 2018 FY 2017 CONVENTIONAL Rs. ‘000’ Gross Premium 1,001,553 923,509 607,062 523,656 521,370 659,319 Net Premium Revenue 735,276 593,676 471,450 437,893 480,215 527,728 Gross Claim Paid
Slide 9: Challenges
CHALLENGES • Hyper Inflation • IFS Rating of the Company • Bank Limits
Slide 10: We've Got You Covered
WE’VE GOT YOU COVERED Asia Insurance Company Limited Asia House, 19 C/D, Block‐L Gulberg‐III, Main Ferozepur Road, Lahore. www.asiainsurance.com.pk
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