United Insurance Co. Of Pakistan Ltd. · PSX:UNIC
United Insurance Co. Of Pakistan — The United Insurance Company of Pakistan — Investor Presentation (2022)
35 slides from United Insurance Co. Of Pakistan's investor presentation, 2022
Slide 1: Slide 1
Slide 2: Corporate Briefing
Corporate Briefing For the year ended Dec 31, 2022 2
Slide 3: Important disclaimer
Important disclaimer THIS PRESENTATION IS NOT AN OFFER OR SOLICATATION OF AN OFFER TO BUY OR SELL ANY SECURITIES OR ANY INVESTMENT This presentation has been prepared by The United Insurance Co., of Pakistan Limited (UNIC) solely for information purpose. The information contained in this presentatio
Slide 4: United International Group
United International Group The United Insurance Company of Pakistan Limited, a member of the United International Group (UIG), is at present one of the leading insurance companies providing a wide range of insurance products through its branch network which presently spans over 150 branches across t
Slide 5: Leading our sector and advancing sustainability
We’re leading our sector and working with our clients to advance the cause of sustainability — even in places where you might not expect us. 6
Slide 6: Company Brief
Company Brief United was Founded in 1959 by one of the country's leading Industrialist Mr. Fakhruddin Valika, UIC was established with 20% equity from Pakistan Insurance Corporation (now known as Pakistan Reinsurance Company) as a founder member of the Company. Initially authorized to do Life Assura
Slide 7: Company Brief
Company Brief The United Insurance Company's strength lies in the quality products and its wide range of branches all over Pakistan combined with efficient and professional staff. Unlike our competitors, our offices remain open 7 days a week. Thanks to an abundant workforce, we are able to cater to
Slide 8: IFS Rating AA+ by PACRA and VIS
IFS Rating AA+ AA+ by PACRA by VIS PACRA & VIS upgrades IFS Rating “AA+” with “stable” outlook of The United Insurance Company of Pakistan Limited 9
Slide 9: Vision Statement
VISION STATEMENT As an insurance Company – To be the “FIRST CHOICE”. 10
Slide 10: Mission Statement
MISSION STATEMENT By adopting Insurance Technologies will meet the global requirements for the regulators’ compliances, enhance confidence of Shareholders, country’s business community & Generate revenue in shape of taxes. 11
Slide 11: Director / Chief Executive Officer
Muhammad Akram Shahid Director / Chief Executive Officer 12
Slide 12: Board of Directors
Jamil Ahmed Khan Muhammad Rahat Sadiq Huma Waheed Chairman Director Director Board of Directors Khawas Khan Niazi Agha Ali Imam Syed Rahat Ali13Shah Director Director Director
Slide 13: Board Committees
Board Committees Audit Committee: Investment Committee: Name of Member Category Name of Member Category Mr. Agha Ali Imam. Chairman Mr. Jamil Ahmed Khan. Chairman Mr. Khawas Khan Niazi. Member Mr. Muhammad Akram Shahid. Member Syed Rahat Ali Shah. Member Mr. Agha Ali Imam. Member Mr. Abdul Mannan Mu
Slide 14: Our Products / Services
76] UNITED ROE i SURANCE Our Products / Services
Slide 15: Fire, Health and Crop Insurance
UIC RNG ma PAKISTAN comanvor xkSTANLID. ml « ire Insurance - Health Insurance 5 ay. 4 a \ Crop Insurance 16
Slide 16: Specialized Products
Specialized Products Engineering & Liability Insurance Construction Phase Insurance: • Contractor's All Risk Insurance – CAR • Erection All Risk Insurance – EAR • Contractor's Plant & Machinery Ins. – CPM • All Types Of Insurance Bonds Operational Phase Insurance: • Comprehensive Machinery Insurance
Slide 17: Miscellaneous Products
Miscellaneous Products • Health Insurance • Travel Health Insurance • Bankers Blanket Insurance • Livestock Insurance • Crop Insurance • Aviation Insurance • Employer's Liability • Workmen's Compensation • Cash in Transit Insurance • Cash in Safe • Cash on Counter • Household Insurance • Personal Ac
Slide 18: Window Takaful Operations
The United Insurance Company of Pakistan Ltd – Window Takaful Operations Having taken the initiative, The United Insurance Co of Pakistan Ltd has become Pakistan’s first Window Takaful Operator. With authorization from Securities Exchange Commission of Pakistan’s Insurance Division, UIC can now offe
Slide 19: Our Network
Our Network North Region South Region Islamabad Karachi Rawalpindi Hyderabad Peshawar Multan Azad Kashmir Rahim Yar Khan East Region West Region Sahiwal Quetta Faisalabad Ziarat Gujranwala Sialkot 20
Slide 20: Financial Performance/Overview
Financial Performance/Overview 21
Slide 21: Capital, Gross Premium Written and Cash Dividend
Authorized Capital Paid up Capital 4,000,000,000 2,950,000,000 Gross Premium Written FY 2022 Gross Premium Written FY 2021 Conventional + Takaful Conventional + Takaful 8,538,575,753 6,580,419,388 Cash Dividend 22 45%
Slide 22: Six Years Performance: Total Premium
Six Years Performance Total Premium (Conventiona+Takaful) (Rs in Million) 8,538.576 8,000.000 7,000.000 6,580.419 6,000.000 5,722.084 5,365.335 5,238.606 5,126.143 5,000.000 4,000.000 3,000.000 2,000.000 1,000.000 - 2022 2021 2020 2019 2018 2017 Total Premium 23
Slide 23: Six Years Performance: Gross Premium and Contribution
Six Years Performance Total Premium (Conventiona+Takaful) (Rs in Million) 6,436.69 6,000.00 5,196.47 5,000.00 4,920.60 4,310.79 4,227.35 4,163.55 4,000.00 3,000.00 2,101.88 2,000.00 1,383.95 1,054.54 1,011.26 962.60 1,000.00 801.48 - 24 2022 2021 2020 2019 2018 2017 Gross Premium Conventional Gross
Slide 24: Six Years Performance: Net Premium and Contribution
Six Years Performance Net Premium & Contribution Rs in (Million) 4,500.000 4,000.000 3,500.000 3,379.932 3,000.000 2,722.938 2,678.708 2,541.595 2,574.381 2,500.000 2,000.000 1,868.698 1,500.000 1,000.000 963.357 610.391 500.000 257.821 272.879 302.180 206.721 - 2022 2021 2020 2019 2018 2017 25 Net
Slide 25: Six Years Performance: Underwriting Results
Six Years Performance 1,123.118 Underwriting Results Rs in (Million) 1,000.000 950.140 800.000 600.000 451.682 400.000 351.574 323.246 221.312 200.000 - 2022 2021 2020 2019 2018 2017 2022 2021 2020 2019 2018 2017 26
Slide 26: Six Years Performance: Investment Income
Six Years Performance 140.000 Investment Income (Rs in Million) 120.000 110.991 100.000 80.000 67.101 67.205 63.603 60.000 57.171 40.000 20.000 8.365 - 2022 2021 2020 2019 2018 2017 27 2022 2021 2020 2019 2018 2017
Slide 27: Six Years Performance: Profit Before Tax
Six Years Performance 1,200.000 1,119.179 Profit Before Tax (Rs in Million) 1,000.000 800.000 759.878 609.114 600.000 562.701 534.400 487.345 400.000 200.000 - 2022 2021 2020 2019 2018 2017 28 2022 2021 2020 2019 2018 2017
Slide 28: Six Years Performance: Profit After Tax
Six Years Performance 1,000.000 921.719 Profit After Tax (Rs in Million) 900.000 800.000 700.000 600.000 511.715 500.000 414.555 401.591 389.223 400.000 300.000 292.284 200.000 100.000 - 2022 2021 2020 2019 2018 2017 29 2022 2021 2020 2019 2018 2017
Slide 29: Six Years Performance: Total Assets
Six Years Performance 14,000.000 13,000.425 Total Assets (Rs in Million) 12,000.000 10,245.939 10,000.000 9,860.745 8,183.063 8,000.000 6,895.465 6,211.319 6,000.000 4,000.000 2,000.000 - 2022 2021 2020 2019 2018 2017 30 2022 2021 2020 2019 2018 2017
Slide 30: Six Years Performance: Total Equity
Six Years Performance 4,500.000 Total Equity (Rs in Million) 4,020.342 4,000.000 3,977.646 3,754.097 3,500.000 3,437.546 3,043.496 3,000.000 2,641.890 2,500.000 2,000.000 1,500.000 1,000.000 500.000 - 2022 2021 2020 2019 2018 2017 31 2022 2021 2020 2019 2018 2017
Slide 31: Six Years Performance: Cash Dividend
Six Years Performance 1,400 1,328 Cash Dividend (Rs in Million) 1,200 1,000 800 600 400 295 295 200 177 - - - 2022 2021 2020 2019 2018 2017 2022 2021 2020 2019 2018 2017 32
Slide 32: Profit & Loss Accounts CY-2022 vs CY-2021
Profit & Loss Accounts CY -2022 ~ CY-2021 P&L (PKR) 2022 2021 Variance Remarks Net insurance premium 3,379.932 2,722.938 656.995 Increase Net Insurance Claim -755.697 -533.540 -222.157 Increase Premium deficiency 5.895 -5.895 11.791 Decrease Net Commission Income/expense -260.534 -157.819 -102.715 I
Slide 33: Department wise Analysis: Premium
Department wise Analysis Premium 4,500.00 (Rs in Million) 4,016.16 4,000.00 3,500.00 3,225.17 3,000.00 2,500.00 2,000.00 1,500.00 1,127.15 1,000.00 932.54 904.40 790.997 726.66 500.00 388.98 312.10 194.609 177.734 76.880 - Fire Marine Motor Misc 34 2022 2021 Increase / Decrease
Slide 34: Key Ratios CY2022 - CY2021
Key Ratios CY2022 - CY2021 Key Ratios 2022 2021 Variance Underwriting results with net premium (%age) 33.23% 36.01% -2.8% Gross Claims with Gross premium (%age) 32.51% 39.80% -7.3% Net Claims with Net Premium (%age) 22.36% 19.59% 2.8% Management Expense with Gross premium (%age) 19.37% 20.11% -0.7%
Slide 35: Thank you
Thank you 36
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