Efu Life Assurance Limited · PSX:EFUL
Efu Life Assurance — Investor Presentation (March 2023)
17 slides from Efu Life Assurance's investor presentation, Mar 31, 2023
Slide 1: Corporate Briefing Session 2022
Corporate Briefing Session 2022 31 March 2023
Slide 2: Agenda
AGENDA Business Company Performanc Profile e Awards and Future Achieveme Plans nts Q&A
Slide 3: Company Profile
COMPANY PROFILE First private sector Life Insurance Company of Pakistan. Company is part of the EFU Group which also includes EFU General and Allianz-EFU Health – Largest insurance group in Pakistan Launched Window Takaful Operations in 2015 Product range covers Conventional and Takaful products; sa
Slide 4: Credit Rating
CREDIT RATING EFU Life Assurance Limited has been assigned Insurer Financial Strength rating of “AA++” (Double A Plus Plus) by VIS Credit Rating Company Limited and outlook on the assigned rating is ‘Stable’. The rating signifies company’s exceptionally strong capacity to meet policyholders’ and con
Slide 5: Key Financial Indicators - 2022
KEY FINANCIAL INDICATORS - 2022 Shareholde Return On Earning per rs Equity Dividend Equity Share Rs. 6.3 Rs. 26.7% 150% Bn 16.92
Slide 6: Awards & Achievements
AWARDS & ACHIEVEMENTS Awarded ‘Best Conferred with Recognized in ‘Top ‘International Domestic Life ‘Best Domestic 25 Companies for Environment, Insurer’ of Life Insurer’ the Year 2021’ by Health & Safety Pakistan at the award at Global Pakistan Stock Award’ in the Insurance Asia Business Outlook Exc
Slide 7: Awards & Achievements
AWARDS & ACHIEVEMENTS Honored with the Awarded ‘Brand Honored with the Conferred with prestigious of the Year ‘Consumers ‘CSR Award ‘Corporate Award 2021’ for Demand Award’ 2022’ in the Excellence Best Life 2022 for Best category of ‘Social Award’ for the Insurance Life Insurance Impact’ at the 13th
Slide 8: Products
PRODUCTS EFU Life’s product range is designed around needs of defined segments with a focus on financial inclusion. During 2022, several innovative financial solutions were launched– via branchless banks, telcos, micro finance institutions, and technology platforms covering an additional 3 million l
Slide 9: Our Bank Partners
OUR BANK PARTNERS @ ©sl @NBP HABIBMETRO Fees [EL where you come first nolL pus Elis Te! i Bank KR alBaraka'O Dubai Islamic Bank ie Soper Ban SILKBANK Atanas ZG JSBANK askaribank 4 faysabank €} Standard S ~~ Chartered & The Bank of Punjab A Ww Bank Alfalah Banklslami (38) Unank way. Mobilink & The Fi
Slide 10: Profit and Loss Account
PROFIT AND LOSS ACCOUNT PKR Million 2022 2021 Change Gross Premium/ Contribution Revenue 39,565 37,407 6% Net Premium/ Contribution Revenue 38,471 36,350 6% Investment Income, Net realized gain(loss) 14,535 7,479 94% Total Net Income 53,006 43,829 21% Net Insurance Benefits 25,517 23,020 11% Net Cha
Slide 11: Gross Premium
GROSS PREMIUM Gross Premium Composition Gross Premium Growth 5 Year Summary 13% PKR Billion 18% 2% 32.76 33.59 27.45 28.72 First Year 25.18 Premium Renewal Premium Single Premium Group Benefits 3.58 5.57 3.19 3.23 3.67 2018 2019 2020 2021 2022 67% Individual Life Regular Premium In 2022, the gross p
Slide 12: Claim Payments
CLAIM PAYMENTS Gross Death & Disability Claims 5 Year Summary PKR Million Individual Life Group Benefits 2,544 2,727 2,554 In 2022, the Company 2,101 2,189 settled total death and disability claims of Rs. 1,316 1,360 1,297 3.85 billion (2021: 951 607 4.09 billion), a decrease of 6%, 2018 2019 2020 2
Slide 13: Assets and Funds
ASSETS AND FUNDS Assets Composition The Company has a strong 5% 2% Government balance sheet size with Securities 11% total assets of Rs. 178 Cash and Bank billion for 2022 (2021: Rs. 4% Deposits 163 billion) Current Assets Shares and Mutual The net asset value of all 10% Funds Unit-Linked funds unde
Slide 14: Looking Forward
LOOKING FORWARD
Slide 15: Challenges
CHALLENGES ECONOMY TAXES • Slowing down of • Imposition of Super Tax economic activity . • Withdrawal of tax credit • Purchasing power of on life insurance customers has premium reduced • Petition pending for • Cost of doing Sales Tax on services business increasing AWARENESS REGULATIONS • Low consu
Slide 16: Strategy
STRATEGY DISTRIBUTI PRODCUTS ON Enhance product • Focus on strengthening . portfolio to reach distribution new customer channels segments • Investing in new channels such as Digital & telesales CUSTOMER TECHNOLOGY SERVICE Technology as an Optimize all aspects of enabler customer journey
Slide 17: Thank You!
THANK YOU! LIFE
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