Union Insurance Co., Ltd. · TWSE:2816
Union Insurance — H1 2017 Earnings Presentation
30 slides from Union Insurance's earnings presentation, Aug 2, 2017
Slide 1: 2816 WWI 2017 Performance Presentation
2816 WWI 2017 Performance Presentation 2017/8/2
Slide 2: Disclaimer
Disclaimer This presentation is provided by Union Insurance Co., Ltd. (WWI). WWI makes no guarantees or warranties as to the accuracy, completeness or correctness of all the material contained in this presentation. After this presentation is released to the public, WWI undertakes no obligations to
Slide 3: Agenda
Agenda Company Profile Business Overview Business Performance Financial Profile Corporate Social Responsibility Future Outlook 3
Slide 4: Company Profile
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Slide 5: Company Profile
Company Profile 1963:Company established 1992:Listed on Taiwan Stock Exchange(code 2816) (First listed company in the non-life insurance industry) 2002:M&A China Mariners Assurance Corporation Ltd. (First M&A in the non-life insurance industry) Want-Want Group became the owner of WWI in June
Slide 6: Company Profile: Credit Ratings
Company Profile Standard & Poor's：A-；Outlook ： Stable Taiwan Ratings：twAA；Outlook ： Stable Fitch Ratings：A-(twAA) ；Outlook ： Stable 6
Slide 7: Business Overview
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Slide 8: Written Premiums Mix
Business Overview Written Premiums Mix 2016 Earthquake Engineering Compulsory 2.6% 3.6% Automobile Liability Marine Cargo Fire 11.5% 1.9% 8.9% Accident＆Health Aviation & Hull 8.1% 2.0% Casualty 5.2% Voluntary Automobile 56.2% 8
Slide 9: Written Premiums
Business Overview Written Premiums UNIT:NT(B) 90.0 84.8 81.7 80.0 76.9 71.0 70.0 66.1 60.0 50.0 40.0 30.0 20.0 10.0 0.0 2012 2013 2014 2015 2016 9
Slide 10: Retained Premiums
Business Overview Retained Premiums UNIT:NT(B) 70.0 60.0 57.7 53.1 49.2 50.0 43.5 40.0 37.7 30.0 20.0 10.0 0.0 2012 2013 2014 2015 2016 10
Slide 11: Premiums Growth Ratio
Business Overview Premiums Growth Ratio Written Premiums Retained Premiums 18.0% 15.4% 16.0% 13.2% 13.2% 14.0% 12.0% 10.0% 7.9% 7.4% 8.3% 8.7% 8.0% 6.0% 6.2% 4.0% 3.7% 3.7% 2.0% 0.0% 2012 2013 2014 2015 2016 11
Slide 12: Market Share
Business Overview Market Share Market Share 6.04% 6.10% 6.00% 5.96% 5.90% 5.85% 5.84% 5.80% 5.71% 5.70% 5.60% 5.52% 5.50% 5.40% 5.30% 5.20% 2012 2013 2014 2015 2016 2017Q2 12
Slide 13: Business Performance
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Slide 14: Revenues
Business Performance Revenues UNIT:NT(B) 70.0 63.1 57.7 58.7 60.0 49.6 50.0 46.3 40.0 30.0 20.0 10.0 0.0 2012 2013 2014 2015 2016 14
Slide 15: Revenues Growth Ratio
Business Performance Revenues Growth Ratio Revenues Growth Ratio 18.0% 16.4% 16.0% 14.0% 11.1% 12.0% 10.0% 8.0% 7.1% 7.5% 6.0% 4.0% 1.7% 2.0% 0.0% 2012 2013 2014 2015 2016 15
Slide 16: Combined Ratio
Business Performance Combined Ratio Loss Ratio Expense Ratio Combined Ratio 120% 107.50% 102.82% 94.67% 98.41% 93.45% 100% 80% 66.74% 62.87% 54.39% 57.42% 53.14% 60% 40% 40.76% 39.06% 39.95% 41.53% 40.99% 20% 0% 2012 2013 2014 2015 2016 16
Slide 17: Net Income After Tax
Business Performance Net Income After Tax Net Income NT(B) Earnings Per Share NT(D) 7.00 5.85 6.00 5.18 5.00 4.00 2.60 3.00 2.22 2.16 2.00 2.59 2.75 1.00 1.11 1.23 1.03 0.00 2012 2013 2014 2015 2016 17
Slide 18: Financial Profile
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Slide 19: Balance Sheet
Financial Profile Balance Sheet UNIT:NT(T) Items 2015 2016 2017Q1 Cash and cash equivalents 2,131,322 14.7% 2,098,878 13.6% 2,647,299 16.5% Receivables 767,890 5.3% 666,050 4.3% 893,503 5.6% Current tax assets 14,070 0.1% 10,163 0.1% 11,921 0.1% Investment 5,870,859 40.6% 6,436,732 41.7% 6,030,609 3
Slide 20: Risk Based Capital Ratio
Financial Profile Risk Based Capital Ratio 510.00% 500.85% 500.00% 490.00% 480.00% 470.00% 453.43% 460.00% 450.00% 442.42% 440.00% 430.00% 420.00% 410.00% 2015 2016Q2 2016 20
Slide 21: Income Statement
Financial Profile Income Statement UNIT:NT(T) Items 2015 2016 YOY 2017Q1 YOY Written premiums 8,191,230 8,506,501 3.8% 2,507,117 9.8% Reinsurance premiums 554,471 584,380 5.4% 128,457 -14.1% Retained earned premiums 5,111,503 5,468,189 7.0% 1,460,419 13.6% Reinsurance commission received 771,022 727
Slide 22: Corporate Social Responsibility
Corporate Social Responsibility
Slide 23: Corporate Social Responsibility: Customer Services
Corporate Social Responsibility Customer Services 2016Customer Satisfaction Benchmarking Monthly CSR Customer Experience in 2016 Monthly 0800 Average Speed to Answer in 2016 Monthly Roadside Assistance in 2016 23
Slide 24: Corporate Social Responsibility: Employee Care
Corporate Social Responsibility Employee Care 24
Slide 25: Corporate Social Responsibility: Environmental Protections
Corporate Social Responsibility Environmental Protections 25
Slide 26: Social Cares and Giving Back
Corporate Social Responsibility Social Cares and Giving Back 26
Slide 27: Social Cares and Giving Back
Corporate Social Responsibility Social Cares and Giving Back 27
Slide 28: Future Outlook
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Slide 29: Future Outlook
Future Outlook To Strengthen Corporate Governance. To Upgrade Products and Services Quality. Innovating new products. Facilitating InsurTech adoptions (on-line service, pricing, premium collecting, and claim App etc.,). Enhancing customer satisfaction and service efficiency. To Fulfill Social Corpor
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