Premier Insurance Co. of Pakistan Ltd. · PSX:PINL
Premier Insurance Co. of Pakistan — Premier Insurance — 9M 2024 Earnings Presentation
17 slides from Premier Insurance Co. of Pakistan's earnings presentation, Dec 10, 2024
Slide 1: Premier Insurance - Corporate Briefing Session notice
Premier Insurance December 04, 2024 The General Manager Pakistan Stock Exchange Limited Stock exchange Building Stock Exchange Road Karachi. Subject: CORPORATE BRIEFING SESSION — PREMIER INSURANCE LIMITED Dear Sir, This is to inform you that the Corporate Briefing Session (CBS) of Premier Insurance
Slide 2: Corporate Briefing Session, held on 10th December 2024
Premier Insurance Limited Corporate Briefing Session Held on 10th December 2024
Slide 3: Contents
Contents Introductory Briefing Key Highlights – Profit & Loss Financial Performance, Portfolio & Segment Performance for the period ended Sep 30, 2024 Key Highlights – Balance Sheet Outlook
Slide 4: Introductory Briefing
Introductory Briefing • 1952 – Zahid Hussain, the 1st Governor of the State Bank of Pakistan brought together leading industrialists of the newly established country realizing the need for a Pakistani insurer – a crucial component for a young, burgeoning economy, this event set into motion the conce
Slide 5: Introductory Briefing
Introductory Briefing • Our business spans over the country, provides services to clients across all economic sectors and offers products in all classes of general insurance. • It is our historical practice of striving to achieve prompt settlement of even the largest claims that has allowed us to bu
Slide 6: Introductory Briefing
Introductory Briefing Commencement of Operations 1952 Head Quarters Karachi Major Shareholders 1) Crescent Powertech Limited 18% 2) State Life Insurance Corp. Of Pakistan 10% Credit Rating(Long Term) A Branches and offices 11 Cities Covered 08 Staff Strength Permanent 59 Contractual 20
Slide 7: Introductory Briefing - Branches and facilities
Introductory Briefing Company offers following facilities Branches Matrix Provinces No of Branches Fire and Property Damages Sindh 2 Punjab 6 Marine, Aviation and transport KPK 1 Balochistan 1 1 Motor Federal territory 1 1 Total 11 Miscellaneous 6 Engineering 1 Energy 2 Health Bonds, Liability and W
Slide 8: Key Highlights - Profit or Loss
Key Highlights - Profit or Loss Sep-24 Sep-23 Sep-22 Premium written 386,933 432,562 453,716 Net premium 211,947 235,174 212,116 Net Claim -112,878 -122,529 -211,754 Investment Income 133,868 31,535 26,287 Less: Impairment & Expenses - - -24,895 Net Investment income 133,868 31,536 1,392 Profit / (l
Slide 9: Portfolio - Combined
Portfolio - Combined Sep-24 Sep-23 Miscellaneous Miscellaneous , 7% , 7% Fire and Fire and property property damage, 21% damage, 23% Marine, Marine, aviation and aviation and transport, 7% Health, 41% transport, 6% Health, 42% Motor, 23% Motor, 23% Miscellaneous Includes several lines including Engi
Slide 10: Financial Performance for the period ended Sep 30, 2024 - Conventional
Financial Performance for the period ended Sep 30, 2024 - Conventional (Rupees in ‘000) Profit/(loss) statement Sep-24 Sep-23 Net Insurance Premium 211,947 235,174 Insurance claim & acquisition expenses -128,854 -137,183 Management Expenses -185,641 -156,801 Underwriting results -102,548 -58,810 Inv
Slide 11: Portfolio - Conventional
Portfolio - Conventional Sep-24 Sep-23 Miscellaneous, Miscellaneous, 10% 9% Fire and Fire and property property damage, 25% damage, 29% Marine, Health, 37% aviation and Health, 42% Marine, transport, 8% aviation and transport, 8% Motor, 15% Motor, 15% Miscellaneous Includes several lines including E
Slide 12: Segment Performance - Conventional
Segment Performance Nine months Conventional period ended Sep 2024 Sep 2023 Fire and property Marine, aviation and Motor Health Miscellaneous damage transport Total 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 ---------------------------------------------------------------------------
Slide 13: Financial Performance for the period ended Sep 30, 2024 - Takaful
Financial Performance for the period ended Sep 30, 2024 - Takaful (Rupees in ‘000) Profit/(loss) statement Sep-24 Sep-23 Contribution earned 97,884 86,510 Less: Contribution ceded to retakaful -24,000 -19,543 Net Contribution 73,884 66,967 Re-takaful rebate 4,407 3,546 Net underwriting income 78,291
Slide 14: Portfolio - Takaful
Portfolio - Takaful Sep-24 Sep-23 Miscellaneo Fire and Miscellaneo Fire and us property us property 1% damageMarine, 0% damageMarine, 9%aviation and 10%aviation and transport 3% transport 4% Health 40% Health 48% Motor 39% Motor 46% Miscellaneous Includes several lines including Engineering, Bond, T
Slide 15: Segment Performance - Takaful
Segment Performance Nine months Takaful period ended Sep 2024 Sep 2023 Fire and property Marine, aviation and damage transport Motor Health Miscellaneous Total 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 --------------------------------------------------------------------------------
Slide 16: Key Highlights - Balance Sheet
Key Highlights - Balance Sheet Sep-24 Sep-23 Paid-up capital 505,650 505,650 Capital reserves 19,675 19,675 Revenue reserves 470,848 200,827 Total reserves 490,523 220,502 Total equity 996,173 726,152 Total assets 2,875,010 2,542,898
Slide 17: Outlook
OUTLOOK • Although challenges remain, we feel that the Company is now poised for growth as the management continues its marketing efforts to gain market share. We are confident that as and when the economy rebounds, Premier will be in a position to take advantage. Our organization remains committed