Reliance Insurance Co Ltd · PSX:RICL
Reliance Insurance — Corporate Update (December 2019)
23 slides from Reliance Insurance's corporate update, Dec 31, 2019
Slide 1: Corporate Briefing Session
Corporate Briefing Session December 31, 2019 1
Slide 2: Company Profile
Company Profile Reliance Insurance Company Limited (RICL), was incorporated in Pakistan in the year 1981 with a Share Capital of Rs.5.0 Million by two Leading Industrial Houses of Pakistan, namely (i) Al-Noor Group and (ii) Amin Bawany Group. Al-Noor Group is headed by renowned industrialist Mr. Ism
Slide 3: Company Profile
Company profile Erection All Risks, Bonds, Products liability, Director’s and Officer’s liability, and Aviation. The Company's results have been consistently improving and yielding handsome results. The present Authorized Capital of the Company is Rs.750 Million while Paid-up Capital has increased t
Slide 4: Company Profile
Company profile RICL has an excellent Treaty Reinsurance arrangements under the lead of world's renowned reinsurer namely Swiss Re, having handsome automatic Treaty Capacity. The Company has also been allowed to undertake General Window Takaful operations (WTO) on May 25, 2016 by Securities & Exchan
Slide 5: Vision and Mission
To be recognized as a professional and dependable business entity committed to play a meaningful role in the development of insurance industry in Pakistan and to safeguard the legitimate interests of all stakeholders, namely policy- holders, share-holders, reinsurers, employees and all other busines
Slide 6: Board of Directors
Board of Directors CHAIRMAN ISMAIL H. ZAKARIA DIRECTORS MUHAMMAD OMAR BAWANY IRFAN ZAKARIA BAWANY NOOR M. ZAKARIA AHMED ALI BAWANY MUHAMMAD PATEL NAEEM AHMED SHAFI TASNEEM YUSUF JAHANGIR ADAM CHIEF EXECUTIVE & MANAGING DIRECTOR A. RAZAK AHMED 6
Slide 7: Management Team of Reliance Insurance
Management Team of Reliance Insurance Mr. A. Razak Ahmed -Chief Executive & Managing Director Mr. Haroon A. Shakoor -Chief Accountant Mr. Syed Rizwan Akhtar -Executive Vice President (Operations) Mr. Ghulam Haider -Company Secretary & Head of Compliance Mr. Najmullah Khan -Vice President (Head Of Ta
Slide 8: Branch Network
Branch net work 1. Business Plaza Branch Karachi 2. Tariq Road Branch Karachi 3. Namco Centre Branch Karachi 4. Land Mark Plaza Branch Karachi 5. M. A. Jinnah Road Branch Karachi. 6. Hyderabad Branch 7. Sukkur Branch 8. Zonal Office Lahore 9. Regional Office Lahore 10. Gulberg Branch Lahore 11. Al R
Slide 9: Business Lines
Business Lines Fire Marine Vehicle House & Property Engineering Bond /Guarantee Terrorism MBD Aviation Liability Burglary CIT / CIS 9
Slide 10: VIS Credit Rating
VIS CREDIT RATING VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength (IFS) of Reliance Insurance Company Limited at ‘A’ (single A). Outlook on the assigned Rating continues to be ‘Positive’. 10
Slide 11: Economy Overview
Economy Overview • The present Government begin with a weakened economic condition. High fiscal and current account deficit depleting foreign exchange reserves and high debt liabilities posed challenges. • The government introduced various strictness measures and entered into 39 months IMF program i
Slide 12: Insurance Industry: Registered Insurers in Pakistan
Insurance Industry Registered Insurers in Pakistan Type of Business Public Sector Private Sector Total Life Insurance 1 9* 10 Non Life Insurance 1 33** 34 Reinsurance 1 0 1 Total 3 42 45 * Includes 2 Family Takaful Operators ** Includes 3 General Takaful Operators 12
Slide 13: Insurance Industry Performance
Insurance Industry Performance • 30 Non Life Insurance Companies Underwritten Gross Premium during the year 2018 is Rs.77 billion which is 0.22% of our GDP ratio. • 21 Window Takaful Companies Gross contribution during the year 2018 is Rs.8 billion which is 0.02% of our of GDP ratio. • Equity of Non
Slide 14: General & Takaful Operations
General & Takaful Operations 14
Slide 15: Key Financial Data Six Years
Key Financial Data Six Years Rupees ‘000 2018 2017 2016 2015 2014 2013 • Ordinary Share Capital 561.41 561.41 510.37 463.98 403.46 366.78 • Share Holder's Equity 855.92 798.93 876.96 786.03 725.22 653.42 • Reserves 250.00 250.00 220.00 200.00 180.00 160.00 • Cash & Bank Balances 144.37 160.18 120.24
Slide 16: Graphical Presentation: Total Assets & Paid-up Capital
Total Assets & Paid-up Capital 2000 G aphical Present Return on Equities CRs. In M jon > iat oe |. 1500 | ea |. a a a & Hl il : . 84 ods aa oun tl oe a ae Ml Total Assets (Rs.In Million) ll Paid-up Capital lll Equities (Rs. In Million) lll Return on Equities (9%) ation Net Claims Ratio to Net Premiu
Slide 17: Annual Financial Position 2018 vs 2017
Annual Financial Position 2018 vs 2017 Rupees in ‘000 2018 2017 Variance % Gross Insurance premium/Takaful contribution 979,225 1,230,176 -20.40 Net insurance premium/Takaful contribution 413,080 383,964 7.58 Net insurance claims/Takaful claims 100,757 95,026 6.03 Net Commission/Re-takaful rebate 54
Slide 18: Nine Months Financial Position 2019 vs 2018
Nine months financial Position 2019 vs 2018 Rupees in ‘000 Sep. 2019 Sep. 2018 Variance % Gross Insurance premium/Takaful contribution 485,626 746,910 -34.98 Net insurance premium/Takaful contribution 282,319 293,727 - 3.88 Net insurance claims/Takaful claims 65,014 71,314 - 8.83 Net Commission/Re-t
Slide 19: Top Line Analysis Gross Premium Sep. 2019 vs Sep. 2018 General
Top Line Analysis Gross Premium Sep. 2019 vs Sep. 2018 General Rupees in ‘000 350000 300000 250000 200000 Sep. 2019 150000 Sep. 2018 100000 50000 0 Fire Marine Motor Misc. 19
Slide 20: Top Line Analysis Gross Contribution Takaful
Top Line Analysis Gross Contribution Sep. 2019 vs Sep. 2018 Takaful Rupees in ‘000 60000 50000 40000 30000 Sep. 2019 Sep. 2018 20000 10000 0 Fire Marine Motor Misc. 20
Slide 21: Gross Premium Department Wise Sharing
Gross premium department wise sharing Business Mix. 2019 4% 25% Fire Marine 51% Motor Misc. 20% 21
Slide 22: Future Outlook
Future outlook RICL will focus on long-term profitable growth through careful underwriting of business and advantage of gradually improving geo-political condition of our country besides fast recovering capital market. Improvement in systems and quality management information systems facilitating pr
Slide 23: Thank You
Thank You 23
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