Arab Insurance Group ( B.s.c) · BAHRAIN:ARIG
Arab Insurance Group ( B.s.c) — Q1 2018 Earnings Presentation
9 slides from Arab Insurance Group ( B.s.c)'s earnings presentation, May 13, 2018
Slide 1: Interim Results First Quarter 2018
Interim Results First Quarter 2018 Arab Insurance Group (B.S.C.) - a reinsurance firm regulated by the Central Bank of Bahrain 2nd Quarter 2010 1
Slide 2: Arig posts positive 1st Quarter results in 2018
Arig posts positive 1st Quarter results in 2018 13 May 2018 Bahrain: Bahrain: Arig recorded consolidated net profits of US$ 0.5 million attributable to shareholders for the first quarter 2018 (Q1 2017: US$ 0.5 million). The Company’s technical result stood at US$ 0.7 million (Q1 2017: US$ 1.7 millio
Slide 3: Key Results
Key Results (in million US$) Q1 2018 Q1 2017 Gross premiums written 169.1 172.8 Technical result * 0.7 1.7 Underwriting result ** 0.03 0.7 Investment income 5.1 6.3 Net profit attributable to shareholders 0.5 0.5 Combined ratio*** 105.2% 107.5% Q1 2018 Dec 2017 Shareholders’ equity 253.9 256.9 * Tec
Slide 4: Premium Development
Premium Development Gross premiums written (in million US$) Q1 2018 Q1 2017 Non-life premiums 162.1 165.2 Life premiums 7.0 7.6 Total 169.1 172.8 • Downward premium adjustments of the Lloyd’s portfolio were offset by the increase in the traditional reinsurance portfolio. . Net earned premiums (in mi
Slide 5: Reinsurance Performance
Reinsurance Performance Technical results (in million US$) Q1 2018 Q1 2017 Non-life technical profit (1.8) 1.8 Life technical profit 2.5 (0.1) Total 0.7 1.7 • Arig's traditional reinsurance business recorded higher technical profits of US$ 8.0 million (Q1 2017: US$ 5.6 m). • Lloyd’s business contrib
Slide 6: Technical Reserves
Technical Reserves (in million US$) Q1 2018 Dec 2017 Unearned premiums 285.1 193.1 Unreported losses 222.8 250.5 Claims outstanding 266.0 236.9 Total 773.9 680.5 . 6
Slide 7: Asset Management
Asset Management Investment income (in million US$) Q1 2018 Q1 2017 Cash & bank deposits 0.3 0.4 Fixed maturities 2.3 2.8 Equities 2.0 3.0 Alternative Investments 0.5 0.1 Total 5.1 6.3 Rate of return on invested assets (annualised) 3.1% 3.5% • The drop in the investment income is reflecting the vola
Slide 8: Shareholders' Equity
Shareholders’ Equity (in million US$) 0.5 (3.5) 256.9 253.9 31 Dec 2017 Net Profit Changes on 31 Mar 2018 remeasurement of AFS investments 8
Slide 9: Outlook
Outlook • Through a combination of favorable market sentiment, strong momentum and expansionary fiscal policy in the U.S., global growth is expected to reach 3.9% this year end and next according to a recent report from the IMF. The outlook is particularly favorable in Europe and emerging Asia. Howe
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