Askari General Insurance Co. Ltd. · PSX:AGIC
Askari General Insurance — Investor Presentation (September 2023)
16 slides from Askari General Insurance's investor presentation, Sep 9, 2023
Slide 1: Corporate Briefing Session 2023
Corporate Briefing Session 2023 askari general insurance company limited 09 SEPTEMBER 2023
Slide 2: Sections
Company Profile Financial Information Sections Future Outlook Q & A Session
Slide 3: Section Company Profile
Section Company Profile
Slide 4: Company Introduction
Company Introduction • Incorporated on 12 April 1995 • Engaged in insurance business comprising of fire, marine, motor, health and miscellaneous • Subsidiary of Army Welfare Trust • 22 branches across Pakistan in all four provinces • 3.15 % share of total non-life insurance market
Slide 5: Section Financial Information
Section Financial Information
Slide 6: Gross Premium written Inc Takaful Contributions
Gross Premium written Inc Takaful Contributions HY 2023 HY 2022 Growth Rs in ‘000 Rs in ‘000 % Growth Gross Premium (including 2,735,854 2,231,644 23% Takaful) Class of business HY 2023 HY 2022 Growth Rs in ‘000 Rs in ‘000 % Growth Health 747,682 446,706 67% Fire 425,343 340,905 25% Marine 116,410 1
Slide 7: AGICO Industry Gross Premium written Inc Takaful Contributions
Gross Premium written Inc Takaful Contributions 12% 20% 7% -2% 4,500 4,009 AGICO 3,401 3,331 2019 2020 2021 2022 26% 11% 8% 142,902 Industry 10% 113,642 94,651 102,273 2019 2020 2021 2022
Slide 8: Profitability Break-up
Profitability Break-up Rupees in million 183 157 109 41 32 29 Operations Investment & Others Takaful HY 2023 HY 2022
Slide 9: Business Mix
Business Mix Half Year 2023 Takaful, 10% Fire, 16% Marine, 5% Misc., 20% Motor, 22% Health, 27%
Slide 10: Statement of Comprehensive Income
Statement of Comprehensive Income Half Year Half Year Growth 2023 2022 ---------- Rupees in '000 --------- % Net Premium Revenue 1,215,780 1,221,423 (0.46) Net Claims (797,623) (744,104) 7 Net Commission 40,979 14,746 178 Contribution Margin 459,136 492,065 (7) Management and other expenses (432,566
Slide 11: Investment Income
Investment Income 195% 10% 21% -19% 155 166 151 125 HY 2020 HY 2021 HY 2022 HY 2023
Slide 12: Cities Contribution Over Rs. 100 million per city
12 Cities Contribution Over Rs. 100 million per city Rupees in million Gujranwala 126 97 Lahore 825 838 Rawalpindi 679 456 Islamabad 281 319 Karachi 420 194 Faisalabad 258 190 HY 2023 HY 2022
Slide 13: Section Future Outlook
Section Future Outlook
Slide 14: Future Outlook
Future Outlook Economic Stock Monetary & Capitalization Environment Market Fiscal Policy • Economic • Market is • Policy rates are • Improved foreign conditions expected to expected to flows expected from remain volatile is continue its peak out Gulf countries likely to affect volatility in 2023 how
Slide 15: Section Q & A Session
Section Q & A Session
Slide 16: THANK YOU
THANK YOU
Askari General Insurance Company — Investor Presentation (September 2023) on 6ix