Damaan Islamic Insurance Company (beema) · QSE:BEMA
Damaan Islamic Insurance Company (beema) — Q3 2023 Earnings Presentation
12 slides from Damaan Islamic Insurance Company (beema)'s earnings presentation, Oct 25, 2023
Slide 1: Q3 2023 Financial Results Presentation
Damaan Islamic Insurance Company – Beema (Q.P.S.C.) Q3 2023 Financial Results Presentation
Slide 2: Q3 2023 key financial performance highlights
Q3 2023 key financial performance highlights Enhanced shareholder value and reduced liabilities Increase in shareholders’ net profit during the first 9 months of 2023 of 25.3% Increased 1 shareholders’ profit compared to the same period in 2022, reaching QAR 52.9 million in Q3 2023, and correspondin
Slide 3: Beema at a glance
Beema at a glance One of Qatar’s largest and most innovative providers of Takaful insurance Who we are Key figures One of Qatar’s leading Islamic takaful providers, established in 2009 with a share capital of QAR 200m A- A3 Am Best Financial Strength 2022 Moody’s IFSR credit rating Rating Operating
Slide 4: Beema's key investment highlights
Beema’s key investment highlights Leading position within the Islamic insurance sector 1 Beema has been one of the largest Takaful players in the State of Qatar since 2014 in terms of gross written contributions Robust organic growth with potential for acceleration from initiatives 2 Highly innovati
Slide 5: Beema's comprehensive service offerings
Beema’s comprehensive service offerings Wide variety of insurance coverage offered through multiple distribution channels Takaful insurance key features Q3 2023 Gross written contributions Takaful & Health - Group Credit Life, Providing banks and other financial institutions protection against loan
Slide 6: Financial performance highlights (1/4)
Financial performance highlights (1/4) Maintaining a steady increase in Shareholders’ net profit despite a slight decrease in Gross Written Contributions as of Q3 2023 9-Months’ Gross written contributions (QARm) 9-Months’ Shareholder’s net profit (QARm) and earnings per share 380 60 0.28 0.26 301 3
Slide 7: Financial performance highlights (2/4)
Financial performance highlights (2/4) Increase in net investment income, due to reduced leverage and reinvestment in higher-yielding securities Investments at fair value (QARm) Net investment income (QARm) 23 851 870 9 838 785 19 404 400 429 17 17 357 10 9 7 14 447 470 409 428 9 10 8 Q3 2020 Q3 202
Slide 8: Financial performance highlights (3/4)
Financial performance highlights (3/4) Maintaining a healthy Solvency Ratio of 300% Loss, net acquisition and expense ratio Capital requirements and solvency ratio (QARm) 750.0 315% 310.0% 650.0 298% 298% 300% 79.2% 290.0% 73.0% 69.0% 550.0 62.2% 20.1% 270.0% 18.6% 15.8% 450.0 14.5% 250.0% 18.8% 459
Slide 9: Financial performance highlights (4/4)
Financial performance highlights (4/4) Increase in Policyholders’ and Shareholders’ equity with a significant reduction in debt liabilities Increase in Policyholders’ and Shareholder’s equity (QARm) Significant reduction in Beema’s debt exposure (QARm) 326 612 545 548 464 183 211 204 484 435 445 120
Slide 10: Beema historical financial performance details
Beema historical financial performance details Key selected financial information highlights Selected Income Statement Items (QAR ‘000) Selected Balance Sheet Items (QAR ‘000) For the three-month period For the nine-month period As at 30 September ended 30 September ended 30 September 2023 2022 2023
Slide 11: Beema listing and shareholding information
Beema listing and shareholding information Beema’s shares began trading on the Qatar Stock Exchange on 16 January 2023 General information Current shareholding structure Damaan Islamic Insurance Company Qatar Islamic Bank Company name "Beema" 18.75% 25% Qatar Insurance Company QSE Ticker BEMA Masraf
Slide 12: Important Information
Important Information This presentation has been prepared by Damaan Islamic Insurance Company “Beema” (Q.P.S.C.) (the “Company”) for informational purposes only. This presentation does not constitute an offer or invitation or solicitation of any offer to subscribe for or purchase any shares or other
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