Company For Cooperative Insurance · TADAWUL:8010
Company For Cooperative Insurance — The Company for Cooperative Insurance (Tawuniya) — Investor Presentation (2016)
23 slides from Company For Cooperative Insurance's investor presentation, 2016
Slide 1: Investor Presentation 4Q - 2015
Investor Presentation 4Q - 2015 1
Slide 2: Tawuniya Overview
Tawuniya Overview 2
Slide 3: Our Company
Our Company Headquartered in Riyadh, KSA Strategic Business Units: Motor, Health, Property & Casualty and Investments Significant presence across all regions in the KSA Multiple distribution channels and products One of the leading Insurance company in the Kingdom Vehicle Liability Increas
Slide 4: Our products structure
Our Our products structure SBUs Motor Insurance • Motor • Medical & Takaful • Al-Shamel • Property & Casualty • Sanad • Investments • Sanad Plus • Rukhsa Distribution • Sales Channels • Key Accounts Medical • Balsam • My Family GRC • Group Medical • Risk Management Compliance • Group Takaful Propert
Slide 5: Our owners & capital base
Our owners & capital base Ownership: Long-term Investors Public, 53% Public Pension Agency (PPA) PPA, 24% A 100% Saudi Government Owned entity, since its establishment in 1958. Agency caters to the benefit plan for Military & Civil Retirees. GOSI, 23% General Organization for Social Insurance (GOSI)
Slide 6: Tawuniya leading insurer in KSA
Tawuniya leading insurer in KSA Medical & Takaful Property & Casualty Motor 75% 80% 88% 12% 20% 25% Tawuniya Market Share Others Market Share 6
Slide 7: Tawuniya top rated in the region
Tawuniya top rated in the region KSA Kuwait Bahrain UAE Qatar Oman A Hannover Re Arab Orient QIC A- Al-Ahleia ADNIC Saudi Re Trust Gulf Doha BBB+ Medgulf Bahrain Salama Insurance insurance Malath National National Bahrain General Ins. Qatar BBB Wataniya Kuwait Oma
Slide 8: Major clients
Major clients CONSTRUCTION ENERGY TRANSPORTATION Food, drugs & COMMUNICATIONS FINANCIAL others 8
Slide 9: Reinsurance partners
Reinsurance partners Munich Re is rated “AA-” by S&P Swiss Re is rated “AA-” by S&P SCOR Global P&C is rated “A+” by S&P LLOYD’s is rated “A+” by S&P MAPFRE is rated “BBB+” by S&P CCR is rated “AAA” by S&P Transatlantic Re is rated “A+” by AM Best 9
Slide 10: KSA Insurance Market
KSA Insurance Market 10
Slide 11: Insurance market today
Insurance market today Regulations have positively impacted the overall market performance Several small insurers are struggling to maintain adequate solvency/capital margins Ease of re-capitalization is no longer being supported by the regulator Stern price competition among large insurers
Slide 12: Insurance regulators
Insurance regulators Overall Primary operations (MOC) (SAMA) Cooperative Shares & Health Insurance Listing (CMA) (CCHI) 12
Slide 13: Growth influencers
Potential Increase of growth influencers awareness Expansion of compulsory insurance Mortgage Finance Law and other Acts Innovative products to meet needs of society Professional Third Party indemnity Liability Law 13
Slide 14: Tawuniya Strategy
Tawuniya Strategy 14
Slide 15: Our long-term strategic pillars
Our long-term strategic pillars Market Customer Profitability Leadership Centricity To attain the optimal balance across all three strategic pillars 15
Slide 16: Our current strengths
Our current strengths Brand/Balance sheet • Recognized and trusted brand in the market strength • Strong balance sheet with 'A' S&P rating (highest in GCC) Strong network/connections • Market leadership position supported by high renewal rates on a in the market consistent basis • Network of tied ag
Slide 17: Our differentiated capabilities
Our differentiated capabilities Market Superior Leader in Talent leading customer innovation management expertise service Recruiting, Risk Pioneer in the With the developing management application of customer at and retaining across all digital the center of the best talent lines of technologies all
Slide 18: Tawuniya's Key Financial Metrics Financial Year 2015
Tawuniya’s Key Financial Metrics Financial Year 2015 18
Slide 19: Key Parameters: sustainable growth
Key Parameters sustainable growth Technical Reserves (in SR Millions) Total Assets (in SR Millions) 7,160 6,017 6,023 3,979 4,225 3,729 11,569 9,965 9,939 8,218 7,532 7,384 2010 2011 2012 2013 2014 2015 Total Investments (in SR Millions) 5,481 5,016 2010 2011 2012 2013 2014 2015 3,876 3,880 3,816 3,
Slide 20: Key Parameters: premium earned
Key Parameters premium earned Net Claims Incurred (in SR Millions) Gross Written Premiums (in SR Millions) 4,144 4,785 3,659 3,138 2,009 7,545 1,478 6,208 5,635 5,605 4,181 4,431 2010 2011 2012 2013 2014 2015 Net Earned Premium (in SR Millions) 5,665 4,728 4,804 2010 2011 2012 2013 2014 2015 3,951 3
Slide 21: Loss Ratios: efficient management
Loss Ratios efficient management Retention Ratio Loss Ratio Business Unit Level 85.3% 85.1% 79.9% 82.8% 77.5% 69.2% 80.5% 77.3% 76.2% 73.2% 64.9%65.0% 45.7% 2010 2011 2012 2013 2014 2015 18.1% Combined Ratio 117.2% Medical Motor P&C Total 94.6% 91.1% 91.0% FY 2014 FY 2015 82.7% 86.1% 2010 2011 2012
Slide 22: Profitability: growing trend
Profitability growing trend Net Income Margins Net Income (in SR millions) “Before Zakat” 17.1% 13.3% 11.3% 10.3% 7.5% 642 512 602 474 351 -11.7% 2010 2011 2012 2013 2014 2015 Total Investment Income (in SR Millions) 564 224 234 2010 2011 2012 2013 2014 2015 248 161 101 90 2010 2011 2012 2013 2014 2
Slide 23: Thank You
—§ Tawuniya 4LigleiJl
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