Askari Life Assurance Co. Ltd. · PSX:ALAC
Askari Life Assurance — Investor Presentation (September 2023)
16 slides from Askari Life Assurance's investor presentation, Sep 19, 2023
Slide 1: Corporate Briefing Session 2023
Corporate Briefing Session 2023 Tuesday, September 19, 2023 at 11:00 AM 1
Slide 2: Table of Contents
VVVVVVVVVVV V Table of Contents Company Brief Strategic and Operational Developments Governance Management of the Company Shareholding Structure Product Briefcase Product Innovation and Digitalization Financial Highlights Premium Analysis Business Alliance Future Outlook Q&A aN askarilife wwwaskaril
Slide 3: JEANZES | RENAN | SALMAN! AL | AZMATULLAH| IMRAN SHARIF HANIF! FAIZAN | BUSHRA
A JEANZES | RENAN | SALMAN! AL | AZMATULLAH| IMRAN SHARIF HANIF! FAIZAN | BUSHRA | MOMIS| SUMAIR TAINA| AZFAR! SHAHEAZ1 KHURRAM | SHAWID | ZURR E ATTA| ADNAN WASSAN | MUJEEB | RASHID | ARSHAD| MALIK] AHMED ASLAM | WADEEH| NOOR Ait KAMAL! NAVEED IFARHAN | BADAR /AVAZ IMRAN MANSOOR | ASHRAF | ASHPAQ |
Slide 4: Company Overview
Company Overview Askari Life Assurance Co. Ltd, is part of one of the leading conglomerates in Pakistan, Army Welfare Trust (AWT). AWT acquired the major shareholding of Askari Life in 2018 from East West Insurance Limited. AWT currently holds 66.65% of the shareholding. Currently the authoriz
Slide 5: Strategic and Operational Development
Strategic and Operational Development 2017 AWT acquired major shareholding from East West Insurance 2018 Change of Name from East West Life to Askari Life Assurance Co. Ltd. Injection of Rs.500 million through Right Issue Strategic and Operational Development Restructuring of Management and Sales Fo
Slide 6: Company Governance
Company Governance Name Designation Mr. Naveed Mukhtar Chairman Mr. Mohammad Athar Shams Director Mr. Rizwan Ullah Khan Director Mr. Malik Riffat Mahmood Director Mr. Javed Yunus Director Ms. Ayesha Rafiq Director Mr.Tariq Hameed Director 6
Slide 7: Company Management
Company Management Name Designation Mr. Jehanzeb Zafar Chief Excecutive Officer Mr. Azmatullah Sharif Chief Operating Officer Mr. Rehan Mobin Chief Financial Officer Syed Ali Imran Head of Distribution Mr. Waqas Waseem Head of HR & Administration Mr. Muhammad Nadeem Rajput Company Secretary 7
Slide 8: Product Briefcase
Product Briefcase Askari Life offer following diversified product range including conventional and takaful products; savings and protection plan Group Life Protection Corporate Employee Plan Benefit Product Conventional and Takaful Plan Universal Life Term Life Individual Life Saving Plan Protection
Slide 9: Product Innovation and Digitalization
Product Innovation and Digitalization Askari Life strongly believe that innovative products and technological acumen are the key of success in the competitive environment of life insurance Individual Life savings products having diversity of Conventional and Shariah Compliant Takaful Products Th
Slide 10: Financial Highlights
Financial Highlights Un-audited Audited 2023 2022 2021 June 30, 2023 December 31 --------(Rupees in '000)------- Gross premium / contribution revenue 712,828 1,301,556 834,920 Re insurance premium / contribution ceded (201,545) (223,804) (234,499) Net premium / contribution revenue 511,283 1,077,752
Slide 11: Premium Analysis
Premium Analysis 30-Jun-2023 31-Dec-2022 31-Dec-2021 Rupees in thousand Individual Life 443,948 903,359 487867 Group life 268,880 398,197 347053 Total 712,828 1,301,556 834,920 11
Slide 12: YoY Premium Trends
YoY Premium Trends 2,500,000 2,087,284 Premium Rs. in thousands 2,000,000 1,500,000 1,301,556 1,000,000 834,920 650,000 532,339 500,000 232,971 - 2021 2022 2023 (Budget) Agency 1st Year Premium 232,971 532,339 650,000 Total Premium 834,920 1,301,556 2,087,284 2021 2022 2023 Proportion of Ind. Reg Pr
Slide 13: Business Alliance
Business Alliance Bancassurance Reinsurance Askari Bank Hanover Re Limited Silk Bank Limited Munich Re Albaraka Bank Corporate Clients Individual Policy holders 150+ Customers 169K+ Lives 17K+ Lives 13
Slide 14: Future Outlook
Future Outlook • Economic conditions • Regulatory Compliance ( AML & CFT). • Taxation on Saving Products Challenges • Lack of Awareness about insurance products • Add effective and trained Sales Force/Channel • Innovative Product • Technology driven business operations Strategy • Target the unapproa
Slide 15: Question and Answer
Ix. askarilife Question and Answer
Slide 16: Thank You
Ix. askarilife Thank You
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