Janashakthi Insurance Company Plc · CSELK:JINS.N0000
Janashakthi Insurance — H2 FY2018 Earnings Presentation
18 slides from Janashakthi Insurance's earnings presentation, March 2019
Slide 1: H2 FY 2018 Earnings Update
H2 FY 2018 Earnings Update March 2019
Slide 2: Company Overview
JANASHAKTHI life UNWAVERING STRENGTH Company Overview JANASHAKTHI
Slide 3: Continuing to forge ahead with a singular focus on Life Insurance business
Janashakthi Insurance PLC: continuing to forge ahead with a singular focus on Life Insurance business A key driver in formulating Sri Lanka’s insurance industry blueprint Strong foundation and family values inculcated by Mr. Chandra Schaffter, renowned as the “Father of 20.2 Insurance” in Sri Lanka,
Slide 4: A brand name synonymous with protection, security and continuity with a history of 25 years
A brand name synonymous with protection, security and continuity with a history of 25 years Life and non-life businesses Winning the Gold awards for Divests merge to form an unified National Business Excellence Award Janashakthi organization overall and in insurance category General Insurance Limite
Slide 5: Insurance Industry Overview
Insurance Industry Overview
Slide 6: Industry snapshot
Industry snapshot Insurance Industry : LKR 164.6Bn1 GDP 2017 – LKR 13,289 Bn 15 43.4% Life Insurers 56.6% Insurance / GDP – 1.24% 14 General Insurers Life General Life Insurance Penetration Life Ins. / GDP – 0.54% vs. Population 14.3% vs. Labour force 35.5% 1Sum insured *2017 statistics
Slide 7: Performance Update
JANASHAKTH Life Performance Update
Slide 8: Our key performance highlights
Our key performance highlights Gross Written Total Net Profit After Premium Income Tax* LKR 3,009 Mn +4% LKR 4,601 Mn +12% LKR 1,874 Mn +10% Capital to Return on Assets Ratio** Equity 45% 20% *Profit from continuing operations **Capital to Assets=Shareholders’ Funds/Total Assets
Slide 9: Gross Written Premium and Net Income
Gross Written Premium and Net Income LKR Mn The core focus of the Company in FY2018 was not to grow the business but to stabilize the business operations and set the foundation for the Company to operate as a pure 4,601 Life Insurance Company 4,216 4,104 However, against the backdrop of 2,411 this r
Slide 10: New business premium and customer retention
New business premium and customer retention Persistency (13th Month) The Company has sustained a 74% 71% 71% 71% 72% persistency ratio of c.71% throughout the last couple of years through strong customer LKR Mn service ethos ensuring improved overall customer satisfaction Customer retention improved
Slide 11: Profitability
Profitability ROE The profit after tax includes one off 12% 18% 20% surplus transfer of LKR 1,796 in FY2017 Mn LKR Mn The profit after tax in FY2018 includes a deferred tax reversal of 1,874 LKR 1,322 Mn 1,692 In FY2018, the profit of the Company got impacted by the significant rise in net claims an
Slide 12: Investment portfolio and yield
Investment portfolio and yield Investment Portfolio including investment property Investment Yield1 and income composition 11.00% 10.52% LKR 11,138 Mn LKR 12,398 Mn LKR 17,655 Mn 6% 6% 11% 7% 11% 6% 9% 14% 7% 34% 35% 26% 15% 5% 4% Total Income Total Income 10% 15% LKR 1,292 Mn 37% LKR 1,585 Mn 18% 2
Slide 13: Claims settlement days
Claims settlement days Average claims settlement days The Company has significantly improved the service delivery during FY2018 through the digital infrastructure As a result, the average claims 35 settlement days have decreased significantly during the year signifying the 20 20 21 Company’s commitm
Slide 14: Product mix: shift towards universal life insurance products in line with market demand
Product mix: shift towards universal life insurance products in line with market demand Product mix based on first year 2016 2017 2018 H2FY17 H2FY18 premium Launching of the New Health Endowment 34% 28% 19% 25% 17% Rider with the Cashless Facility Universal Life/Investments 18% 27% 43% 28% 46% Singl
Slide 15: Ratio analysis
Ratio analysis Operational ratios 2016 2017 2018 H2FY17 H2FY18 Expense ratio 22% 24% 49% 25% 44% The expense ratio and the commission ratio of the Net acquisition cost ratio 24% 24% 31% 23% 30% Company has increased due to the sales centric approach adopted by the Company 2016 2017 2018 Excluding th
Slide 16: Key Focus Area of FY2018
JANASHAKTHI Life Key Focus Area of FY2018
Slide 17: Realigning strategy to fuel growth with the recent divestment
Realigning strategy to fuel growth with the recent divestment The transformation towards The unveiling of being a purpose-driven “Janashakthi Life” a new- Roll out of entity to create an engaged organizational Strategic look brand identity, and inspired workforce - supported by a 360 degree Plan “Up
Slide 18: Q&A
JANASHAKTH Life Q&A
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