Jubilee Life Insurance Co. Ltd. · PSX:JLICL
Jubilee Life Insurance — Investor Presentation (2021)
30 slides from Jubilee Life Insurance's investor presentation, 2021
Slide 1: Corporate Briefing Session–2021
Corporate Briefing Session–2021 Performance Review & Outlook
Slide 2: Agenda
Agenda Company Overview Awards and Accolades Major Innovations Industry Performance Financials Future Outlook Integrity Passion Excellence Teamwork 2
Slide 3: Company Overview
Jubilee LIFE INSURANCE x - Company Overview
Slide 4: About us
About us Incorporated in Leading Life Insurance The Company is a Jubilee Life is engaged Company marks its Pakistan on 29th June Company in the subsidiary of Aga Khan in both Individual Life 25th anniversary in 1995 as a Public Private Life Insurance Fund for Economic and Corporate the insurance Lim
Slide 5: Credit Rating
Credit Rating Jubilee Life has been assigned Insurer Financial Strength (IFS) rating of “AA+” (Double A Plus) with ‘Stable’ outlook by JCR-VIS Credit Rating Co. Ltd. Jubilee Life now enjoys a sizeable market share in Life Insurance sector of Pakistan. Integrity Passion Excellence Teamwork 5
Slide 6: Pattern of Shareholding
Pattern of Shareholding Integrity Passion Excellence Teamwork 6
Slide 7: Sister Concerns
Sister Concerns Serena Hotels First Micro Finance Bank Ltd. Habib Bank Ltd. Aga Khan Health Services Aga Khan University Aga Khan Education Services Aga Khan Planning & Building Services Aga Khan Foundation Focus Humanitarian Assistance Integrity Passion Excellence Teamwork 7
Slide 8: International Associates
International Associates Uganda Tanzania Kenya Brundi Mauritius Kyrgyzstan Integrity Passion Excellence Teamwork 8
Slide 9: Our Plans/Products
Our Plans/Products Child Education Marriage Saving & Retirement Plans Plans Protection Plans Plans Wealth Plans Rural Family Takaful Accumulation for Women Plans Plans Integrity Passion Excellence Teamwork 9
Slide 10: Presence in every Industry!
Presence in every Industry! Banks Technology & Textile Investment & Pharmaceutical Communication Insurance & Laboratories Educational Engineering & Automobile Oil & Gas HR Institutes Electronics Consultants Integrity Passion Excellence Teamwork 10
Slide 11: Presence in every Industry!
Presence in every Industry! Food Shipping Chemical Media Club & & & Logistics Entertainment Beverages Cement Sugar Health & Medical Power FMCG & Steel Associations Generation & Others Integrity Passion Excellence Teamwork 11
Slide 12: Biggest Panel Network
Biggest Panel Network LARGEST HEALTH INSURANCE PROVIDER WITH THE WIDEST PANEL NETWORK OF MORE THAN 500+ HOSPITALS Integrity Passion Excellence Teamwork 12
Slide 13: Our Banca Partners
Our Banca Partners Integrity Passion Excellence Teamwork 13
Slide 14: Awards & Accolades
Awards & Accolades 4th Consecutive top Pakistan Digi Award Award in the Financial 2019 & 2020 Sector in 2020 Certificate of Merit in Best Corporate Report Award 2020 Long standing Effie Award 2020 in the Partnership & Support Insurance Category Award 2018 Integrity Passion Excellence Teamwork 14
Slide 15: Updates on Regulatory Changes and Sales Tax Matters
Updates on Regulatory Changes and Sales Tax Matters Corporate Insurance Agents Regulations 2020 effective from 1st July 2021. Proposed revisions in the Unit Linked Product and Fund Rules, 2015 to strengthen the existing unit linked framework. Million Rs No further development since last report
Slide 16: Corporate Social Responsibilities
Corporate Social Responsibilities Sports Promotion – with a vision for Pakistan to welcome other countries and organize various tournaments in future, the Company, like previous years, partnered with Pakistan Cricket Board as the Gold sponsor for the 6th season of the Pakistan Super League. Beside
Slide 17: Major Innovations (2021)
Major Innovations (2021) Product Digitalization Traditional Product Digital E-Payments Insurance Platform Option JLICL launched Jubilee The Company in • 1 link Noor Plan which is a collaboration with traditional non- Ozoned Digital Pvt. Ltd. participating product introduced a Ozoned • HBL Konnect wi
Slide 18: Industry Performance
Industry Performance
Slide 19: Industry Performance
Industry Performance Source: IAP website Integrity Passion Excellence Teamwork 19
Slide 20: Industry Performance
Industry Performance Integrity Passion Excellence Teamwork 20
Slide 21: Industry Performance
Industry Performance Integrity Passion Excellence Teamwork 21
Slide 22: Financials
Financials
Slide 23: Financial Snapshot
Financial Snapshot Integrity Passion Excellence Teamwork 23
Slide 24: Premiums – Segment Wise
Premiums – Segment Wise 9MCY2021 Accident & Health Conventional Business Others Business 6% 3% 15% (9M’20:4%) (9M’20:2%) (9M’20:14%) Individual Family Takaful Individual Life Unit Linked 22% 54% (9M’20:21%) (9M’20:59%) Integrity Passion Excellence Teamwork 24
Slide 25: Gross Premiums Unit Linked Funds – Breakup
Gross Premiums Unit Linked Funds – Breakup 9MCY21 9MCY20 Single Single premium, premium, 0.3% 2.3% Second year renewal , First year , 11.7% Second 16.9% First year , year 12.0% renewal , 20.0% Subsequent Subsequent year year renewal, renewal, 67.7% 69.2% Integrity Passion Excellence Teamwork 25
Slide 26: CAGR – Net Premium
CAGR – Net Premium Premium ‐ net of reinsurance/retakaful CAGR: 23.56% 50,671 48,396 45,906 45,208 36,988 29,121 Million Rs 21,086 16,350 11,501 7,757 5,452 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Integrity Passion Excellence Teamwork 26
Slide 27: Investment Income
Investment Income Million Rs Integrity Passion Excellence Teamwork 27
Slide 28: PTF Surplus Distribution
PTF Surplus Distribution The Company in April 2021 has made its second consecutive surplus distribution of Rs. 318 million to the participants of Individual Family Takaful Fund in form of bonus units based on the mechanism as approved by the Appointed Actuary and the Shariah Advisor. This is in addi
Slide 29: Future Outlook
Future Outlook •Reemergence of different variants of Covid-19. •Impact of international regulations (FATF, CFT). •Economic consolidation to reduce purchasing power of the Constraints customers. •Various regulatory initiatives are being taken by SECP, though protective for policyholders, but challeng
Slide 30: Thank You!
Thank You!
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