Abu Dhabi National Insurance Company · ADX:ADNIC
Abu Dhabi National Insurance — Shareholder Meeting (March 2021)
10 slides from Abu Dhabi National Insurance's shareholder meeting presentation, Mar 21, 2021
Slide 1: Annual General Assembly Meeting
A N N U A L G E N E R A L A S S E M B LY M E E T I N G 21 March 2021
Slide 2: Strong Performance in 2020
STRONG PERFORMANCE IN 2020 AED 4,012.2 Mn Gross written Strong growth in both top-line and bottom-line profitability • Increased premiums, ongoing underwriting excellence and enhanced operational +6.8% premiums efficiency combined to boost net profit by 30.5% AED 1,348.5 Mn Net written Gross written
Slide 3: Topline Growth
TOPLINE GROWTH 4500 +6.8% 2020 4000 4,012 3,756 3500 40% 60% Commercial • Significant GWP growth of 3000 Consumer 6.8% in a challenging market +13.1% impacted by COVID-19 2500 • Particularly strong 2,426 2,145 commercial lines 2000 2,145 -1.6% performance with 13.1% 2019 growth in 2020 1500 1,586 1,
Slide 4: Profitable Growth – Underwriting Income
PROFITABLE GROWTH – UNDERWRITING INCOME 600 2020 +26.5% 500 497 51% Commercial 49% Consumer 400 • Underwriting profit is exceptionally strong in 393 both consumer and commercial +41.7% 300 +13.8% • Consumer UW results grew at 41.7% impacted 2019 positively by COVID 19 245 252 200 215 178 Commercial
Slide 5: Investment Income
INVESTMENT INCOME • Investment income was impacted by the market volatility in early 2020 and the subsequent March drawdown, resulting in a fall of 19.3% on 2019 • The diverse nature of the portfolio led to a quick recovery in valuations in the second half of the year, but not fully recovered before
Slide 6: Investments & Bank Balances
INVESTMENTS & BANK BALANCES AED million Investments Bank Balances, Cash and Deposits 3,176 +4.7% 3,032 -4.4% 910 971 Private Equities +5.7% 918 870 670 Listed 610 Equities +9.7% 851 Bonds +6.3% 801 Investment 684 703 Properties –2.7% 2020 2019 2020 2019
Slide 7: Other Metrics
OTHER METRICS Earnings per Share Return on Equity Shareholder's Equity Total Assets 0.65 +0.15 15.4% +2.5% +5.2% 8,330 12.9% 0.50 7,921 2,507 +9.2% 2,296 2020 2019 2020 2019 2020 2019 2020 2019 • Consistent double digit RoE demonstrate ability to generate significant shareholder value. 7
Slide 8: Solvency
SOLVENCY Available Funds 2,500 350% AED million +8.7% 2,038 300% 2,000 1,876 250% • ADNIC, like in the past, continues to 226% 213% demonstrate an extremely healthy 1,500 Solvency Ratio of over 200%. 200% Solvency capital requirement 959 150% 1,000 832 Solvency margin 100% 500 50% 0 0% 2020 2019
Slide 9: Profitability and Proposed Dividend
PROFITABILITY AND PROPOSED DIVIDEND AED million Net Profit Retained Earnings Proposed Dividend 371 +30.5% 284 405 +32.5% 305 200 +38.0% 145 2020 2019 2020 2019 2020 2019 • Proposed dividend is 38% higher than last year compared to growth in net profit at 30.5%. Proposed dividend represents 50% of to
Slide 10: Thank You
THANK YOU om “iil
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