Damaan Islamic Insurance Company (beema) · QSE:BEMA
Damaan Islamic Insurance Company (beema) — H1 2023 Earnings Presentation
12 slides from Damaan Islamic Insurance Company (beema)'s earnings presentation, Aug 7, 2023
Slide 1: H1 2023 Financial Results Presentation
Damaan Islamic Insurance Company – Beema (Q.P.S.C.) H1 2023 Financial Results Presentation
Slide 2: H1 2023 key financial performance highlights
H1 2023 key financial performance highlights Continued track record of operational and financial performance Increased Growth in shareholders’ net profit of 4.5% YoY, reaching QAR 33.3 million in 1 shareholders’ profit H1 2023, corresponding to Earnings Per Share (“EPS”) of QAR 0.17 Reduction in deb
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 Key figures One of Qatar’s leading Islamic takaful providers, established in 2009 with a share capital of QAR 200m A- A3 Am Best Financial Strength 2022 Moody’s IFSR credit rating Rating Operating
Slide 4: Beema’s key investment highlights
Beema’s key investment highlights Leading position within the Islamic insurance sector 1 Beema has been one of the largest Takaful players in the State of Qatar since 2014 in terms of gross written contributions Robust organic growth with potential for acceleration from initiatives 2 Highly innovati
Slide 5: Beema’s comprehensive service offerings
Beema’s comprehensive service offerings Wide variety of insurance coverage offered through multiple distribution channels Takaful insurance key features H1 2023 Gross written contributions Takaful & Health - Group Credit Life, Providing banks and other financial institutions protection against loan
Slide 6: Financial performance highlights (1/4)
Financial performance highlights (1/4) Maintaining an increase in Shareholders’ net profit despite a slight decrease in Gross Written Contributions in H1 2023 Gross written contributions (QARm) Shareholder’s net profit (QARm) and earnings per share 215 1 194 0.16 0.17 190 174 1 30 1 1 28 27 0.12 0.1
Slide 7: Financial performance highlights (2/4)
Financial performance highlights (2/4) Despite a decrease in investments at fair value during challenging market conditions, Beema achieved an increase in net investment income during H1 2023 Investments at fair value (QARm) Net investment income (QARm) 852 15 801 793 788 6 13 388 430 393 359 7 11 1
Slide 8: Financial performance highlights (3/4)
Financial performance highlights (3/4) Slight increase in Combined Ratio due to increased claims paid in H1 2023 Loss, net acquisition and expense ratio Capital requirements and solvency ratio (QARm) 750.0 315% 310.0% 81% 650.0 298% 298% 300% 74% 290.0% 69% 19% 63% 550.0 18% 270.0% 17% 450.0 17% 250
Slide 9: Financial performance highlights (4/4)
Financial performance highlights (4/4) Increase in Policyholders’ and Shareholders’ equity with a significant reduction in debt liabilities Increase in Policyholders’ and Shareholder’s equity (QARm) Significant reduction in Beema’s debt exposure (QARm) 592 342 542 523 420 194 209 467 198 423 444 128
Slide 10: Beema historical financial performance details
Beema historical financial performance details Key selected financial information highlights Selected Income Statement Items (QAR ‘000) Selected Balance Sheet Items (QAR ‘000) H1 2023 H1 2022 H1 2021 H1 2023 H1 2022 H1 2021 Policyholder’s Income Statement Policyholder’s Balance Sheet Gross contribut
Slide 11: 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 Current shareholding structure Damaan Islamic Insurance Company Qatar Islamic Bank Company name "Beema" 18.75% 25% Qatar Insurance Company QSE Ticker BEMA Masraf
Slide 12: 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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