Company For Cooperative Insurance · TADAWUL:8010
Company For Cooperative Insurance — The Company for Cooperative Insurance (Tawuniya) — Q4 2016 Earnings Presentation
21 slides from Company For Cooperative Insurance's earnings presentation, 2017
Slide 1: 4th Quarter 2016 Earnings Investor Presentation
4th QUARTER 2016 EARNINGS Investor Presentation 4th Quarter & FY - 2016
Slide 2: Agenda
Agenda I. Company Overview Jad Katra, Executive Consultant II. KSA Insurance Market Jad Katra, Executive Consultant III. Tawuniya Market Strategy Jad Katra, Executive Consultant IV.2016 Company Financials Amr Al-Nemari, CFO - Operations/Business Fahad Al-Moammar, VP - Investment 2
Slide 3: I. Company Overview
I. Company Overview 3
Slide 4: Ownership Structure
The Company For Cooperative Insurance One of the leading Insurance company in the Kingdom Ownership Structure Headquartered in Riyadh, KSA Significant presence across all regions in KSA Public, 53% PPA, Multiple distribution channels and products 24% Strategic Business Units: Health, Motor, Property
Slide 5: Market Leading Insurer
Market Leading Insurer Operating Segments Market Share* 2016 Vs. 2015 2016 2015 Medical & Takaful • Balsam 73.3% 75.3% 24.7% • My Family 26.7% • Group Medical • Group Takaful Motor Insurance • Al-Shamel 85.0% 15.0% 85.8% 14.2% • Sanad • Sanad Plus Property & Casualty • Engineering • Fire & Property
Slide 6: Top Rated in the Region by S&P
Top Rated in the Region by S&P KSA Kuwait Bahrain UAE Qatar Oman A Arab Orient QIC ADNIC Doha A- Al-Ahleia Hannover Re Oman insurance Salama Saudi Re Gulf National BBB+ Malath Trust Insurance General Ins. Medgulf Al Buhaira Bahrain National BBB Wataniya Bahrain
Slide 7: Major Clients
Major Clients MINING & AVIATION FINANCIALS TELECOM. MANUFACTURING OTHERS PETROCHEM. 7
Slide 8: Reinsurance Partners
Reinsurance Partners Munich Re is rated “AA-” by S&P Swiss Re is rated “AA-” by S&P SCOR Global P&C is rated “AA-” by S&P LLOYD’s is rated “A+” by S&P MAPFRE is rated “A” by S&P CCR is rated “AA” by S&P Transatlantic Re is rated “A+” by AM Best 8
Slide 9: II. KSA Insurance Market
II. KSA Insurance Market 9
Slide 10: Evolving Business Environment for Insurers
Evolving Business Environment for Insurers Regulators Regulations will positively impact the overall market performance Ministry of Commerce and Investment (MCI) Medical Unified Policy Overall regulations Motor No Claim and Loyalty Discount Several insurers are struggling to maintain adequate so
Slide 11: III. Tawuniya Market Strategy
III. Tawuniya Market Strategy 11
Slide 12: Long-term Strategic Pillars
Long-term Strategic Pillars Market Customer Profitability Leadership Centricity Constant endeavor to attain the optimal balance across all three strategic pillars 12
Slide 13: Multiple Sources of Competitive Advantage
Multiple Sources of Competitive Advantage Brand/Balance sheet • Recognized and trusted brand in the market strength • Strong balance sheet with 'A-' S&P rating Strong network/connections • Market leadership position supported by high renewal rates on in the market a consistent basis • Network of tie
Slide 14: Building Differentiated Capabilities
Building Differentiated Capabilities Market leading Superior Leader in Talent expertise customer service innovation management Recruiting, Pioneer in the Risk developing and Customer at application of management retaining the the center of all digital across all lines best talent in activities techn
Slide 15: IV. 2016 Company Financials
IV. 2016 Company Financials 15
Slide 16: Decent Growth in Underwriting Revenues
Decent Growth in Underwriting Revenues Net Earned Premium (in SR millions) Gross Written Premiums (in SR millions) 21% 6,841 5,665 6.8% 8,055 7,545 2015 2016 Net Claims Incurred (in SR millions) 23% 5,104 2015 2016 4,144 2015 2016 16
Slide 17: Improved Operating Efficiency
Improved Operating Efficiency Expense Ratio (%) Combined Ratio (%) 20.0% -411 bps 15.9% 117% -254 bps 95% 91% 90.7% 86% 88.1% 2015 2016 Loss Ratio (%) 147 2011 2012 2013 2014 2015 2016 74.6% bps 73.2% 2015 2016 17
Slide 18: Strong Balance Sheet
Strong Balance Sheet Technical Reserves (in SR millions) Grew by +12.3% Y/Y (2016 Vs. 2015) Total Assets (in SR millions) Grew by +12.8% Y/Y (2016 Vs. 2015) CAGR 8,037 ~17% 7,492 6,017 6,023 4,225 CAGR 13,476 ~13% 11,947 9,965 9,939 8,218 2012 2013 2014 2015 2016 Total Investments (in SR millions) G
Slide 19: Strong Underwriting Business Performance
Strong Underwriting Business Performance Underwriting Income (in SR millions) Net Income (in SR millions) “Before Zakat” Grew by +24.7% Y/Y (2016 Vs. 2015) 46% 676 462 CAGR ~23% 801 642 602 351 2015 2016 Investment Income (in SR millions) 234 -14% 202 564 2012 2013 2014 2015 2016 2015 2016 19
Slide 20: Q&A
Q&A 20
Slide 21: Thank you
Final Slide Thank you Tawuniya logo, contact information 21
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