Damaan Islamic Insurance Company (beema) · QSE:BEMA
Damaan Islamic Insurance Company (beema) — Q3 2024 Earnings Presentation
13 slides from Damaan Islamic Insurance Company (beema)'s earnings presentation, October 2024
Slide 1: Q3 FY2024 Financial Results Presentation
Damaan Islamic Insurance Company – Beema (Q.P.S.C.) Q3 FY2024 Financial Results Presentation
Slide 2: Nine months ended Q3 FY2024 key financial performance highlights
Nine months ended Q3 FY2024 key financial performance highlights Significant increase in Gross Written Contributions and Shareholders Net Profit Gross Written Contributions Shareholders’ Total net investment Total Murabaha Shareholders’ (“GWC”) net profit income financing equity QAR QAR QAR QAR QAR
Slide 3: Beema at a glance
Beema at a glance One of Qatar’s largest and most innovative providers of Takaful insurance Who we are 1 Sector leader in Qatar 2 Shari’a-compliant business model 3 Listed on the QSE Main Market ▪ Islamic insurance company established in ▪ Wakala / Mudarib Takaful model 2009 with a share capital of
Slide 4: Beema's key investment highlights
Beema’s key investment highlights Strong operational and financial performance – well positioned to capitalize on the increasing demand in Islamic insurance solutions and growth opportunities in Qatar and the region Leading position within the Islamic insurance sector 1 Beema has been one of the lar
Slide 5: Comprehensive service offerings
Comprehensive service offerings Wide variety of insurance coverage distributed through multiple, innovative channels Takaful insurance key features Takaful & Health Motor, Marine & Aviation Motor Aviation Pleasure Crafts Group Credit Life Group Medical Car Travel Marine Loan non-repayment Health Tot
Slide 6: Overview of Gross Written Contributions & Net underwriting results
Overview of Gross Written Contributions & Net underwriting results 25% YoY growth in GWC reaching QAR 356 Mill during the 9 months ended Q3 FY2024, coupled with strengthened net underwriting results Gross written contributions (QAR Mill) Q3 2024 – YoY changes: 356 +23% 301 285 5 280 2 67 2 38 39 1 3
Slide 7: Shareholders' income & net profit
Shareholders’ income & net profit 15% YoY increase in total shareholders’ income coupled with a net profit increase of 17% YoY to reach QAR 62 Mill Total income to shareholders (QAR Mill) 9% 1% 11% 10% 1% 11% Wakala fees +13% + 15% YoY Q3 2023 Net income from Q3 2024 QAR 92 mm shareholders’ +13% QAR
Slide 8: Investment performance
Investment performance 16% YoY increase in net investment income to QAR 27 Mill during Q3 FY2024 Net investment income & investments held at fair value (QAR Mill) Investments at fair value Total Total Total Total 47% 46% 45% 45% QAR 53% QAR QAR QAR 54% 55% 55% 851 mm 870 mm 785 mm 831 mm 27 23 11 Ne
Slide 9: Capital structure
Capital structure Beema maintained a strong capital structure Policyholders’ and Shareholder’s equity (QAR Mill) Murabaha financing (QAR Mill) 211 703 Shareholders’ +12% 204 equity 612 Transition to a Policyholders’ +26% 99 debt-free capital equity 120 structure as of Q3 2024 542 484 23% 105 77% 91
Slide 10: Key ratios and capital adequacy
Key ratios and capital adequacy Marginally increased loss and combined ratios despite high inflation. Healthy solvency maintained Loss, net acquisition & expense ratio Capital requirements & solvency ratio (QAR Mill) 900 400% 83.8% 800 351% 350% 79.2% 73.0% 700 315% 18.0% 298% 300% 300% 69.0% 20.1%
Slide 11: Beema historical financial performance details
Beema historical financial performance details Key financial information highlights Selected Income and Cash Flow Statement Items (QAR Mill) Selected Balance Sheet Items (QAR Mill) For the 9 months ended 30 September As at 30 As at 31 2024 2023 September December Policyholder’s Income Statement 2024
Slide 12: Beema listing and shareholding information
Beema listing and shareholding information Beema’s shares began trading on the Qatar Stock Exchange on 16 January 2023 General information Shareholding structure Damaan Islamic Insurance Company Barwa Real Estate Company Company name "Beema" 15% 25% Qatar Islamic Bank QSE Ticker BEMA Qatar Insurance
Slide 13: Important Information
Important Information This presentation has been prepared by Damaan Islamic Insurance Company “Beema” (Q.P.S.C.) (the “Company”) for informational purposes only. This presentation does not constitute an offer or invitation or solicitation of any offer to subscribe for or purchase any shares or other
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