Adamjee Insurance Co. Limited · PSX:AICL
Adamjee Insurance — Investor Presentation (December 2022)
17 slides from Adamjee Insurance's investor presentation, Dec 30, 2022
Slide 1: Notice of Corporate Briefing Session
4, 4. \ adamijee insurance December 23, 2022 The General Manager Pakistan Stock Exchange Limited Stock Exchange Building Stock Exchange Road Karachi Subject: Corporate Briefing Session The is to inform you that Adamjee Insurance Company Limited will hold a Corporate Briefing Session (CBS) for the in
Slide 2: Corporate Briefing Session
Corporate Briefing Session 30 December 2022
Slide 3: Contents
Contents 1. History & Introduction 2. Operational & Financial Performance 3. Outlook 4. Consolidated Financial Highlights
Slide 4: History & Introduction
History & Introduction ▪ Founded in 1960 and is listed on Pakistan Stock Exchange ▪ Belongs to Nishat Group ▪ Largest insurance company in Pakistan ▪ Commenced operations with a paid-up capital of Rs. 2.5 million, which now stands at Rs. 3.5 billion ▪ 11 divisions incorporating 91 branches in Pakist
Slide 5: History & Introduction - Group Profile
History & Introduction - Group Profile • Nishat Group is one of the leading and most diverse business groups in Pakistan • Assets over Rupees 2,726 billion (USD 12 Billion) • Strong presence in Financial Services (Banking, Insurance, Asset Management), Textiles, Cement and Power Generation • Enhanci
Slide 6: History & Introduction - Governance Structure
History & Introduction - Governance Structure Board of Directors • Comprises eight Directors (Seven of which are Non-Executive Directors) • Two Independent Directors • One Executive Director • Five Non-executive Directors (including one female director) Board Committees ▪ Audit Committee ▪ Ethics, H
Slide 7: History & Introduction - Accomplishments
History & Introduction - Accomplishments ▪ IFS Rating of “AA++” (Stable Outlook) by Pakistan Credit Rating Agency (PACRA) ▪ Rating of “B” (Stable Outlook) & Long-term “BB+” by AM Best, UK ▪ Winner of Asia’s Outstanding Insurance Company in Pakistan by Asia Money in 2020 & 2021 ▪ Secured “Silver” Awa
Slide 8: Operational & Financial Performance - Highlights
Operational & Financial Performance - Highlights 31-Dec 30-Sep Particulars CY16 CY17 CY18 CY19 CY20 CY21 9MCY22 Balance Sheet Total Assets 45,640 47,388 47,845 49,538 49,520 61,641 74,223 Liquid Assets 5,918 4,716 6,954 7,425 7,287 9,089 12,163 Investments - Market Value 24,337 23,749 24,114 25,888
Slide 9: Business Mix - 2021
Business Mix - 2021 Historical Business Mix - GPW (%) CAGR (CY16 to CY21) CY16 CY17 CY18 CY19 CY20 CY21 100 14%, HEALTH 10 11 8 8 11 13 90 80 70 48 46 40 37 2%, MOTOR 48 49 60 50 -4%, MISCELLANEOUS 7 5 9 6 10%, MARINE 40 9 8 5 8 4 30 5 7 5 20 37 40 29 30 33 15%, FIRE 27 10 0 16,270 18,522 20,387 22,
Slide 10: Financial Strength
Financial Strength 41% Assets Break Up (PKR in Mn's) 24% 20% CAGR (CY16 to CY21) • Asset base of the Company has Change 4% 1% 4% -0% increased over the last five years, 74,223 6%, Total Assets registering a CAGR of 6%. 61,641 12,643 15%, Other Assets • Investments grew at the CAGR of 5% 47,388 47,84
Slide 11: Investments
Investments Investments Break up (PKR in Mn's) • Total Investments of the company 17% 17% increased at a CAGR of 5% over the span of the recent 5 years. Change 7% -4% -2% 2% 3% • Investment mix over the last one 31,069 29,782 Total Investments 2,662 year is as follows: 2,396 Inv. In Subsidiary 26,59
Slide 12: Industry Comparison
Industry Comparison Gross Premium Written - AICL's Market Share in Pakistan AICL Pakistan Rest of Industy * Total AICL Inside Pakistan Year Ended 31 December Rupees in thousand % age 9MCY22 18,405,918 79,138,213 97,544,131 19% CY21 17,036,745 80,386,088 97,422,833 17% CY20 13,469,232 76,164,738 89,6
Slide 13: Dividend History
Dividend History Paid Basis Dividend Paid Basis 4.5 9% Cash Dividend Yield 4.0 8% Year Total 8% 7% % age Rs. Per share % age 3.5 7% (PKR in Mn's) 7% 3.0 6% 6% CY21 28% 2.8 963 7% 2.5 5% 5% CY20 28% 2.8 963 7% 2.0 4% 4% CY19 25% 2.5 875 6% CY18 20% 2.0 700 5% 1.5 3% CY17 40% 4.0 1,400 8% 1.0 2% CY16
Slide 14: Outlook
Outlook • The economy posted real GDP growth of 5.97 percent in the fiscal year 2022. However, certain financial and macroeconomic imbalances hamper the growth trend to continue. • Recent floods have caused great losses to the economy to which donor countries and international agencies have pledged
Slide 15: Adamjee Life Assurance Company Limited
Adamjee Life Assurance Company Limited • ALACL was incorporated on 4 August 2008 and started its operation on 24 April 2009. • It was initially a joint venture between AICL and Hollard Life Assurance Company Limited, an associate company of IVM Intersurer B.V. Before February 2020, AICL held a 74.28
Slide 16: Consolidated Financial Highlights
Consolidated Financial Highlights Gross Premium Written (PKR in mn's) Profit or Loss Analysis (PKR in mn's) 21% 24% 17% 4% 5% -0% 4,324 4,056 YoY Change 50,000 CAGR (CY16 to CY21), 10%11% 45,000 9% 2,830 40,000 35,000 3 7% 2,246 2,250 2,665 30,000 1,879 OPERATING PROFIT 25,000 5% (INCL. WTO) 20,000
Slide 17: Thank You!
Thank You!
Adamjee Insurance Company — Investor Presentation (December 2022) on 6ix