Adamjee Insurance Co. Limited · PSX:AICL
Adamjee Insurance — Investor Presentation (December 2024)
16 slides from Adamjee Insurance's investor presentation, Dec 30, 2024
Slide 1: Corporate Briefing Session
Corporate Briefing Session December 30, 2024
Slide 2: Contents
Contents 1. Company Profile 2. Operational Development & Financial Performance 3. Outlook 4. Consolidated Financial Highlights 5. Q & A session
Slide 3: Profile of Company
Profile of Company • Founded in 1960 and is listed on Pakistan Stock Exchange • Relates to Nishat Group • Largest non-life insurance company in Pakistan • Commenced operations with a paid-up capital of Rs. 2.5 million, which now stands at Rs. 3.5 billion • Incorporating 124 branches (117 Conventiona
Slide 4: Group Profile
Group Profile • Nishat Group is one of the leading and most diverse business groups in Pakistan • Assets over Rs. 3.5 trillion (USD 12.5 billion approx.) • Strong presence in Financial Services (Banking, Insurance, Asset Management), Textiles, Cement and Power Generation • Increasing footprint in th
Slide 5: Profile of Company - Governance Structure
Profile of Company - Governance Structure Board of Directors • Comprises Eight Directors • Two Independent Directors • One Executive Director • Five Non-executive Directors (including one female director) Board Committees • Audit Committee • Ethics, Human Resource & Remuneration Committee • Investme
Slide 6: Accomplishments
Accomplishments • IFS Rating of “AA++” by Pakistan Credit Rating Agency (PACRA) • FSR of “B” (Fair) & ICR “BB” (Fair) with Negative Outlook by AM Best, UK • Secured Top Position in Insurance Sector for Best Corporate Report Awards for Four consecutive years from 2020 to 2023 by ICAP & ICMAP • Bronze
Slide 7: Operational & Financial Performance - Highlights
Operational & Financial Performance - Highlights 31-Dec 30-Sep Particulars CY19 CY20 CY21 CY22 CY23 9MCY24 (PKR in Mn's) Balance Sheet Total Assets 49,538 49,520 61,641 73,766 90,128 109,994 Liquid Assets 7,425 7,287 9,089 11,870 12,305 15,691 Investments - Market Value 25,888 26,596 31,069 26,991 3
Slide 8: Business Mix – 2019 to 2023
Business Mix – 2019 to 2023 Contribution Margin (CY23) PKR in mn's MOTOR 1,012 32% HEALTH MARINE 431 593 13% 19% MISCELLANEOUS 475 FIRE 15% 671 21%
Slide 9: Financial Strength
Financial Strength Assets Break Up (PKR in Mn's) • Asset base of the Company has 24% 20% 22% 22% CAGR (CY19 to CY23) increased over the last five years, Change 4% -0% registering a CAGR of 16%. 109,994 16%, Total Assets • Liquid funds increased with a CAGR 90,128 18,493 22%, Other Assets of 45% over
Slide 10: Investments
Investments • Total Investments of the company increased at a CAGR of 9% over a Investments Break up (PKR in Mn's) span of recent 5 years. 29% 29% 17% 7% -10% • Recent Investment mix has been as Change 3% follows: Total Investments 46,392 2,396 Inv. In Subsidiary Investments Dec-22 Dec-23 Sep-24 T.
Slide 11: Industry Comparison
Industry Comparison Gross Premium Written - AICL's Market Share in Pakistan AICL Pakistan Rest of Industy * Total AICL Inside Pakistan Year Ended 31 December Rupees in thousand % age 9MCY24 28,006,223 124,457,200 152,463,423 18% CY23 28,484,645 129,106,117 157,590,762 18% CY22 22,442,428 99,845,483
Slide 12: Dividend History
Dividend History Paid Basis Dividend Paid Basis Cash Dividend Yield 3.10 12.0% Year Total % age Rs. Per share % age 3.00 10.6% (PKR in Mn's) 10.0% 8.8% 2.90 9.3% 9M CY24 30.0% 3.00 1,050.0 9.3% 2.80 8.0% CY23 30.0% 3.00 1,050.0 8.8% 7.0% 6.9% 2.70 CY22 30.0% 3.00 1,050.0 10.6% 5.9% 6.0% 2.60 CY21 27
Slide 13: Outlook
Outlook • International Monetary Fund (IMF) has projected GDP growth rate of 3.2% for fiscal year 2025 against 2.4% in 2024 • Pakistan’s economy is observing sustained recovery in the first quarter of FY2025 marked by receding inflation, significant increase in remittances and IT exports and downwar
Slide 14: Adamjee Life Assurance Company Limited
Adamjee Life Assurance Company Limited • ALACL was incorporated on 4 August 2008 and started its operation on 24 April 2009. • It was initially a joint venture between AICL and Hollard Life Assurance Company Limited, an associate company of IVM Intersurer B.V. Before February 2020, AICL held a 74.28
Slide 15: Consolidated Financial Highlights
Consolidated Financial Highlights Gross Premium Written (PKR in mn's) Profit or Loss Analysis (PKR in mn's) 24% 22% 21% YoY Change 5% -0% 6,217 CAGR (CY19 to CY23), 16% 70,000 18% 5,005 4,324 OPERATING PROFIT 60,000 16% (INCL. WTO) 14% 50,000 3,299 12% 2,830 40,000 10% 2,250 30,000 8% 6% PROFIT AFTE
Slide 16: Thank You!
Thank You! Aapinide insurance adamjeeinsurance.com
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