Reliance Insurance Co Ltd · PSX:RICL
Reliance Insurance — Corporate Update (2020)
24 slides from Reliance Insurance's corporate update, 2020
Slide 1: Corporate Briefing Session 2020
CORPORATE BRIEFING SESSION 2020 1
Slide 2: Company Profile, Financial Review, Future Outlook
▪ Company Profile ▪ Financial Review ▪ Future Outlook 2
Slide 3: Company Profile Introduction
Company Profile Introduction • Reliance Insurance was incorporated as a Public Limited Company in 1981 and is listed on Pakistan Stock Exchange. The Company is also registered with Central Depository Company of Pakistan Ltd. (CDC) and is involved in general insurance and general takaful business. •
Slide 4: Company Profile Introduction
Company profile Introduction • Reliance Insurance underwrites all classes of General Insurance from the traditional covers such as Fire, Accident Motor, Marine (Import & Exports), Loss of Profits, Personal Accident, Workmen's Compensation, Burglary, Cash-in-Safe or in Transit etc., it also transacts
Slide 5: Company Profile Introduction
Company profile Introduction • Since its establishment Reliance has progressed smoothly and steadily. Its Gross Premium Income has increased from Rs. One Million in 1983 to Rs.725.912 million (inclusive of Takaful Contribution) at the end of the year 2019 and the Technical Reserves at Rs.480.113 mil
Slide 6: Vision Statement and Mission Statement
Vision Statement To be recognized as a professional and dependable business entity committed to play a meaningful role in the development of insurance industry in Pakistan and to safeguard the legitimate interests of all stakeholders, namely policy- holders, share-holders, reinsurers, employees and
Slide 7: Board of Directors
Board of Directors Mr. Irfan Zakaria Bawany Chairman Mr. Muhammad Omar Bawany Director Mr. Noor M. Zakaria Director Mr. Ahmed Ali Bawany Director Mr. Zia Zakaria Director Mr. Muhammad Patel Director Mr. Naeem Ahmed Shafi Director (Independent) Ms. Tasneem Yusuf Director (Independent) Mr. Jahangir Ad
Slide 8: Management
Management Mr. A. Razak Ahmed -Chief Executive & Managing Director Mr. Haroon A. Shakoor -Chief Financial Officer Mr. Syed Rizwan Akhtar -Executive Vice President (Operations) Mr. Ghulam Haider -Company Secretary & Compliance Officer Mr. Najmullah Khan -Vice President (Head Of Takaful) Mr. Muhammad
Slide 9: Branch network
Branch net work 1. Business Plaza Branch Karachi 2. Tariq Road Branch Karachi 3. Namco Centre Branch Karachi 4. Land Mark Plaza Branch Karachi 5. M. A. Jinnah Road Branch Karachi. 6. Hyderabad Branch 7. Sukkur Branch 8. Zonal Office Lahore 9. Regional Office Lahore 10. Gulberg Branch Lahore 11. Al R
Slide 10: Products
Products Fire Marine Vehicle House & Property Engineering Bond /Guarantee Terrorism MBD Aviation Liability Burglary CIT / CIS 10
Slide 11: Insurer Financial Strength Rating
Insurer Financial Strength Rating VIS Credit Rating Company Limited maintains Insurer Financial Strength (IFS) rating of Reliance Insurance Company Limited at ‘A’ (single A). Outlook on the assigned Rating continues to be ‘Positive’. 11
Slide 12: Economy Overview
Economy Overview • Pakistan’s real GDP has contracted by 0.4% in the fiscal year 2020, making it the first time since the fiscal year 1951-52 that the country recorded a negative economic growth, the main reason for the negative economic growth was due to the coronavirus pandemic and its disastrous
Slide 13: Insurance Industry Registered Insurers in Pakistan
Insurance Industry Registered Insurers in Pakistan Type of Business Public Sector Private Sector Total Life Insurance 1 9* 10 Non Life Insurance 1 33** 34 Reinsurance 1 0 1 Total 3 42 45 * Includes 2 Family Takaful Operators ** Includes 3 General Takaful Operators 13
Slide 14: Insurance Industry Performance
Insurance Industry Performance • 30 Non Life Insurance Companies Underwritten Gross Premium during the year 2019 is Rs.92 billion which is 0.24% of our GDP ratio. • 22 Window Takaful Companies Gross contribution during the year 2019 is Rs.11 billion which is 0.03% of our of GDP ratio. • Equity of No
Slide 15: General & Takaful Operations
General & Takaful Operations 15
Slide 16: Nine months financial Position 2020 vs. 2019
Nine months financial Position 2020 vs. 2019 Rupees in ‘000 Sep. 2020 Sep. 2019 Variance % Gross Insurance premium/Takaful contribution 407,383 485,626 ( 16.11) Net insurance premium/Takaful contribution 232,425 282,320 ( 17.68) Net insurance claims/Takaful claims 51,072 65,014 ( 21.44) Net Commissi
Slide 17: 2 Years Key Financial Data
2 Years Key Financial Data Rupees in ‘000 2019 2018 • Ordinary Share Capital 561,413 561,413 • Share Holder's Equity 933,529 855,925 • Reserves 250,000 250,000 • Cash & Bank Balances 131,228 144,373 • Investment 777,312 711,108 • Total Assets 1595,486 1658,653 • Written Gross Premium 725,913 979.225
Slide 18: Top Line Analysis Gross Premium Sep. 2020 vs Sep. 2019 General
Top Line Analysis Gross Premium Sep. 2020 vs Sep. 2019 General Rupees in ‘000 250000 200000 150000 100000 Sep. 2020 50000 Sep. 2019 0 Fire Marine Motor Misc. 18
Slide 19: Top Line Analysis Gross Contribution Sep. 2020 vs Sep. 2019 Takaful
Top Line Analysis Gross Contribution Sep. 2020 vs Sep. 2019 Takaful Rupees in ‘000 70000 60000 50000 40000 Sep. 2019 30000 Sep. 2020 20000 10000 0 Fire Marine Motor Misc. 19
Slide 20: Gross premium department wise sharing
Gross premium department wise sharing 4% Business Mix. Sep. 2020 18% Fire Marine 52% Motor 26% Misc. 20
Slide 21: Investments
Investments Rupees in ‘000 780 760 740 2019 720 2018 2017 700 680 660 Investments 21
Slide 22: Investment income
Investment income Rupees in ‘000 100 80 60 40 2019 20 2018 2017 0 -20 -40 -60 22
Slide 23: Future outlook
Future outlook Covid-19 Pandemic adversely affected the whole economy of country, similarly insurance business are also effected. However, the latest economic numbers are showing signs of improvement and therefore we anticipate improvement in insurance business in the last quarter and beyond. The ye
Slide 24: Thank You
Thank You 24