Habib Insurance Co. Ltd. · PSX:HICL
Habib Insurance — Investor Presentation (December 2024)
18 slides from Habib Insurance's investor presentation, Dec 17, 2024
Slide 1: Habib Insurance Company Limited Corporate Briefing Session
Habib Insurance Company Limited Corporate Briefing Session Tuesday, December 17, 2024
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: November Rating Agency 15, 2024 ➢ 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 2024 9M 2023 YoY Net Insurance Premium 1,093.4 1,157.8 -6% Net Insurance Claim (668.2) (739.8) -10% Reversal of Premium deficiency 0.1 5.2 -98% Net Commission Expense (18.8) (44.5) -58% Management Expenses (542.1) (560.3) -3% Underwriting Loss (135.6) (181.
Slide 8: Business Review: Gross Written Premium
Business Review Gross Written Premium / Contribution (Rs in Mn) 4,000 3,657 3,500 3,022 3,000 2,899 2,500 2,295 2,000 1,805 1,706 1,500 1,345 1,000 500 0 2018 2019 2020 2021 2022 2023 9M 2024
Slide 9: Business Review: Equity and Assets
Business Review Equity (Rs in Mn) 2,000 1,704 1,503 1,500 1,339 1,249 1,300 1,255 1,168 1,000 500 0 2018 2019 2020 2021 2022 2023 9M 2024 Assets (Rs in Mn) 8,000 6,226 6,000 5,494 4,194 4,544 3,641 4,018 4,000 3,282 2,000 0 2018 2019 2020 2021 2022 2023 9MCY24
Slide 10: Portfolio Mix
Portfolio Mix 9M 2024 9 M 2023 GHP Misc 0.3% Misc 13% GHP 13% Motor 0.2% 32% Fire Fire 38% 40% Motor 38% Marine 11% Marine 15% Fire Marine Motor GHP Misc Fire Marine Motor GHP Misc
Slide 11: Balance Sheet
Balance Sheet (Rs. In Mn) Particulars 9M 2024 2023 2022 2021 2020 2019 2018 2017 Investments 2,297 1,567 1,637 1,429 1,352 1,302 1,221 1,277 Cash and Bank 46 471 396 97 194 121 128 166 Other Assets – Current 3,762 3,342 2,454 2,599 2,284 2,049 1,820 1,807 Other Assets – Non-current 107 114 56 69 185
Slide 12: Operating Data (Underwriting) 1/2
Operating Data (Underwriting) 1/2 Conventional (Rs. In Mn) Particulars 9M 2024 2023 2022 2021 2020 2019 2018 2017 Gross Premium Revenue 2,443 3,075 2,637 2,040 1,658 1,620 1,327 1,163 Net Premium Revenue 1,093 1,509 1,228 806 735 753 532 576 Net Claims (668) (952) (627) (380) (356) (418) (312) (374)
Slide 13: Operating Data (Underwriting) 2/2
Operating Data (Underwriting) 2/2 Takaful (Rs. In Mn) Particulars 9M 2024 2023 2022 2021 2020 Gross Contribution Revenue 456 582 385 255 146 Net Contribution Revenue 78 157 128 90 39 Net Claims (127) (213) (122) (52) (30) Retakaful Rebate 39 36 25 16 10 Underwriting Results (10) (20) 31 54 20
Slide 14: Financial Ratios and Analytics 1/2
Financial Ratios and Analytics 1/2 Particulars 9M 2024 2023 2022 2021 2020 2019 2018 2017 Underwriting Results / Gross % (5.1) (7.1) 0.3 1.1 7.8 5.7 3.3 1.4 Premium & Contribution Combined Ratio % 114.2 115.9 107.4 103.9 103.6 94.2 106.1 107.4 Loss Ratio % 67.9 69.9 55.2 48.2 49.8 57.1 59.0 64.8 Ret
Slide 15: Financial Ratios and Analytics 2/2
Financial Ratios and Analytics 2/2 Particulars 9M 2024 2023 2022 2021 2020 2019 2018 2017 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. 6.0 6.2 6.0 6.9 8.5 10.9 11.0 13.8 Market Value per share Highest during the year Rs. 8.4 6.4 8.2 8.9
Slide 16: Strategic/Operational Developments
Strategic/Operational Developments • Attained 7% growth in Overall Gross Underwritten Premiums for the period ending 3rd Quarter 2024 as compared to corresponding period last year with Conventional Premium Growth is 8% & Takaful Premium Growth is 6%. CAGR of 3 Years is 21.94%. • Increased our Treaty
Slide 17: Future Outlook
Future Outlook ➢ The year ahead is expected to be remain challenging due to looming global economic and political uncertainty & war conflicts. ➢ Looking ahead for the year 2025, the Company will continue its effort to strive for progress to Inshallah attain better underwriting results through focusi
Slide 18: Habib Insurance
Habib Insurance Est, 1942
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