Habib Insurance Co. Ltd. · PSX:HICL
Habib Insurance — PSX Corporate Briefing Session 2023
18 slides from Habib Insurance's conference presentation, Nov 15, 2023
Slide 1: Habib Insurance Company Limited Corporate Briefing Session
Habib Insurance Company Limited Corporate Briefing Session Wednesday, November 15, 2023
Slide 2: Brief Overview
Brief Overview Habib Insurance is one of the oldest insurance companies in Pakistan. It was established in Bombay in 1942 and moved its Head Office to Karachi in 1947. Over the years, the company has continued to prosper, serving its honorable clientele by maintaining a culture of integrity &
Slide 3: Management Information
Management Information Board of Directors Chairman : Rafiq M. Habib Directors : Mansoor G. Habib : Muhammad Hyder Habib : Qumail R. Habib : Aun Mohammad A. Habib : Shahid Ghaffar : Ali Fadoo : Maleeha Humayun Bangash : Shabbir Gulamali Chief Executive : Syed Ather Abbas Chief Financial Officer : Mur
Slide 4: Credit Rating
Credit Rating Rating Agency : PACRA Date of Rating: December Rating Agency 09, 2022 Rating: A++(ifs) Outlook: Stable
Slide 5: Our Products
Our Products Property Marine Motor Engineering Travel Accident & Miscellaneous
Slide 6: Awards and Recognitions
Awards and Recognitions Twelve times ‘Top 25 Companies Award’ by Pakistan Stock Exchange (Former Karachi Stock Exchange) including for eight consecutive years from 1979 to 1986 and for the years 1993, 1995, 1997 and 2014.
Slide 7: HICL – Performance Overview
HICL – Performance Overview Particulars 9M 2023 9M 2022 YoY Net Insurance Premium 1,157.8 907.3 28% Net Insurance Claim (739.8) (465.3) 59% Reversal of Premium deficiency 5.2 6.3 -17% Net Commission (Expense)/ Income (44.5) 40.5 -210% Management Expenses (560.3) (450.7) 24% Underwriting (Loss)/ Prof
Slide 8: Business Review
Business Review Gross Written Premium / Contribution (Rs in Mn) 3,500 3,022 3,000 2,702 2,500 2,295 2,000 1,805 1,706 1,500 1,345 1,163 1,000 500 0 2017 2018 2019 2020 2021 2022 9M 2023
Slide 9: Business Review
Business Review Equity (Rs in Mn) 2,000 1,436 1,339 1,500 1,249 1,300 1,255 1,168 1,176 1,000 500 0 2017 2018 2019 2020 2021 2022 9M 2023 Assets (Rs in Mn) 6,000 5,139 4,544 4,018 4,194 4,000 3,641 3,276 3,282 2,000 0 2017 2018 2019 2020 2021 2022 9MCY23
Slide 10: Portfolio Mix
Portfolio Mix 9M 2023 9 M 2022 GHP Misc 0.3% GHP Misc 13% 0.2% 8% Motor Fire 38% Fire 36% 38% Motor 41% Marine 15% Marine 11% Fire Marine Motor GHP Misc Fire Marine Motor GHP Misc
Slide 11: Balance Sheet
Balance Sheet (Rs. In Mn) Particulars 9M 2023 2022 2021 2020 2019 2018 2017 2016 Investments 1,733 1,637 1,429 1,352 1,302 1,221 1,277 1,725 Cash and Bank 120 396 97 194 121 128 166 148 Other Assets – Current 3,183 2,454 2,599 2,284 2,049 1,820 1,807 1,767 Other Assets – Non-current 102 56 69 185 16
Slide 12: Operating Data (Underwriting) 1/2
Operating Data (Underwriting) 1/2 Conventional (Rs. In Mn) Particulars 9M 2023 2022 2021 2020 2019 2018 2017 2016 Gross Premium Revenue 2,270 2,637 2,040 1,658 1,620 1,327 1,163 1,401 Net Premium Revenue 1,163 1,228 806 735 753 532 576 530 Net Claims (740) (627) (380) (356) (418) (312) (374) (282) N
Slide 13: Operating Data (Underwriting) 2/2
Operating Data (Underwriting) 2/2 Takaful (Rs. In Mn) Particulars 9M 2023 2022 2021 2020 2019 Gross Contribution Revenue 431 385 255 146 86 Net Contribution Revenue 138 128 90 39 4 Net Claims (157) (122) (52) (30) (15) Retakaful Rebate 21 25 16 10 6 Underwriting Results 1 31 54 20 (5)
Slide 14: Financial Ratios and Analytics 1/2
Financial Ratios and Analytics 1/2 Particulars 9M 2023 2022 2021 2020 2019 2018 2017 2016 Underwriting Results / Gross % (6.7) 0.3 1.1 7.8 5.7 3.3 1.4 5.1 Premium & Contribution Combined Ratio % 112.0 107.4 103.9 103.6 94.2 106.1 107.4 98.3 Loss Ratio % 69.0 55.2 48.2 49.8 57.1 59.0 64.8 53.1 Return
Slide 15: Financial Ratios and Analytics 2/2
Financial Ratios and Analytics 2/2 Particulars 9M 2023 2022 2021 2020 2019 2018 2017 2016 Face Value Per Share Rs. 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 Market Value per share at the start of the year Rs. 5.0 6.0 6.9 8.5 10.9 11.0 13.8 19.0 Market Value per share Highest during the year Rs. 6.4 8.2 8.9 12
Slide 16: Strategic/ Operational Developments
Strategic/ Operational Developments • Attained 20% growth in Overall Gross Underwritten Premiums for the period ending 3rd Quarter 2023 as compared to corresponding period last year with Conventional Premium Growth is 14% & Takaful Premium Growth is 59%. • Increased our Treaty Capacity under Takaful
Slide 17: Future Outlook
Future Outlook The year ahead is expected to be remain challenging due to looming uncertainty over local elections and global conflicts. Looking ahead for the year 2024, the Company will continue its effort to strive for progress to Inshallah attain better underwriting results through focusing o
Slide 18: Habib Insurance
Habib Insurance Est, 1942
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