Qatar Insurance Co. · QSE:QATI
Qatar Insurance — Investor Presentation (December 2024)
22 slides from Qatar Insurance's investor presentation, December 2024
Slide 1: Investor Presentation December 2024
INVESTOR PRESENTATION December 2024 Internal
Slide 2: Content
CONTENT Overview Financial Information Investments Capital Strategy qic-group.com | PAGE: 2 Internal
Slide 3: QIC Group Overview
QIC Group Overview Group Overview Shareholder Base Leading insurance group in the Middle East & North Africa (MENA) region. Largest in terms of total asset and total equity in MENA. 14.41% Government of Qatar Composite insurer with a global underwriting footprint and a home base in the Members f
Slide 4: Global Presence
Global Presence Qatar Dubai & Abu Dhabi Oman Kuwait London QIC Group’s HQ and domestic QIC direct insurance Oman Qatar Insurance Kuwait Qatar Antares Group Holdings operations operations (UAE) Company Insurance Company Antares Lloyd’s Epicure Holdings LLC 1274 Syndicate Anoud Technol
Slide 5: Broad Spectrum of Capabilities
Broad Spectrum of Capabilities QIC GROUP WELL DIVERSIFIED MULTI-PILLAR BUSINESS SET-UP QIC Antares QIC - MENA Antares Re Epicure Anoud Direct Lloyd’s Life & Reinsurance Asset Technologies Insurance Insurance Medical Management Personal lines ❖ Aviation ❖ Group Life ❖ Agriculture ❖ Investment ❖ End-t
Slide 6: Dominant position in the MENA Region
Dominant position in the MENA Region Regional comparison (FY 2023) 1 in USD million Total assets 7,880 4,908 3,848 1,546 2,099 2,401 Total equity 2,409 1,246 965 912 794 753 1 Source: Bloomberg Market leading insurance group in the MENA region in terms of total assets and total equity (as of FY 2023
Slide 7: Key Facts and Figures
Key Facts and Figures • Steadily evolved from a domestic player to a regional player with a global presence Solid Foundation ` ` • Supportive and robust shareholder base with Government of Qatar and the Qatari Royal Family members owning more than 23% shareholding • Insurance Revenue: QAR 8.6 billio
Slide 8: Key milestones
Key milestones 1964 1968 2002 2004 2009 ❖ QIC established ❖ Dubai Branch ❖ Abu Dhabi Branch ❖ KQIC (Kuwait) and OQIC (Oman) ❖ Qatar Re established established established established 2017 2015 2014 2011 ❖ Qatar Re placed USD 450mn perpetual ❖ Qatar Re re-domiciled to ❖ QIC Europe Ltd established in
Slide 9: ESG Initiatives to lead the space in the MENA region
ESG Initiatives to lead the space in the MENA region ESG – Purpose and backdrop QIC is an environmentally and socially responsible citizen, and creates value for Achieving ESG goals and metrics significantly improves the brand reputation, financial its shareholders, customers, society, and the envir
Slide 10: Financial Information
CONTENT Overview Financial Information Investments Capital Strategy qic-group.com | PAGE: 10 Internal
Slide 11: Strong Capital Base & Improving Solvency Ratio
Strong Capital Base & Improving Solvency Ratio Total Equity in QAR Millions Solvency Ratio – Qatar Central Bank (QCB) 8,114 8,767 9,003 As per QCB 2022 2023 9M 2024 2,521 2,521 2,521 5,593 6,246 6,482 Eligible Capital (QAR Mn) 7,602 7,449 8,176 2022 2023 2024 Shareholders equity Tier 2 capital - Sub
Slide 12: Reorganizing Insurance Portfolio with Focus on Profitability
Reorganizing Insurance Portfolio with Focus on Profitability Gross Written Premium (QAR Mn) Combined Ratio as per IFRS 4 Revising Geographical split (GWP %) 112.5% 10,824 98.7% 5.3% 97% 19.5% 6.4% 7.7% 11 16.9% 21 18.6% 15 36 9,366 17 9,143 16 87.7% 75.4% 70.7% 74 62 48 2022 2023 2024 2022 2023 2024
Slide 13: Financial Performance (IFRS 17)
Financial Performance (IFRS 17) Insurance Revenue in QAR Millions Insurance Service Result in QAR Millions 514 11,222 300 10,089 8,600 2022 2023 2024 2022 2023 2024 (1,178) Insurance Service Result by region in QAR Millions FY 2023 FY 2024 363 514 300 251 263 (63) GCC International Total GCC Interna
Slide 14: Key Highlights (in QAR Mn)
Key Highlights (in QAR Mn) FY 2022 FY 2023 FY 2024 Insurance Revenue 11,222 10,089 8,600 Insurance Service Results (1,178) 300 514 Investment Income 821 941 916 G&A Expenses (474) (410) (467) Profit after Tax (1,183) 615 735 Earnings per Share (in QAR) (0.410) 0.133 0.171 Book value per share (in QA
Slide 15: QIC Group Reported Financials – Balance sheet
QIC Group Reported Financials – Balance sheet (QAR Mn) as at Dec 2022 Dec 2023 Dec 2024 ASSETS Cash and cash equivalents 7,364 5,888 4,778 Reinsurance contract assets 6,017 6,227 5,143 Insurance contract assets 418 105 106 Other receivables 587 259 391 Investments 14,245 14,953 15,035 Investment pro
Slide 16: Investments
CONTENT Overview Financial Information Investments Capital Strategy qic-group.com | PAGE: 16 Internal
Slide 17: Stable Investment Portfolio & Yields
Stable Investment Portfolio & Yields Investment Portfolio (QAR Mn) & Composition Investment Income (QAR Mn) & Portfolio Yields 8.0% 5.2% 5.3% 4.5% 7.0% 6.0% 1,000 5.0% 19,199 19,387 18,371 4.0% 3.0% 4% 4% 5% 800 2.0% 1.0% 7% 8% 8% 600 0.0% -1.0% 1,004 973 -2.0% 11% 9% 10% 400 865 -3.0% -4.0% -5.0% 2
Slide 18: Investment Portfolio Details
Investment Portfolio Details Fixed income: Rating Fixed income - Geographic mix Fixed income - Mix by sector 5% 1% 9% 5% 4% 1% 11% 4% 27% 7% 46% 37% 28% 16% 58% 28% 13% MENA America (exc. LATAM) Financial Government A- & Above BBB- to BBB+ Europe Asia incl. Australia Exploration & Production Consume
Slide 19: Capital Strategy
CONTENT Overview Financial Information Investments Capital Strategy qic-group.com | PAGE: 19 Internal
Slide 20: Balance Sheet Strength Underpinned by Strong Access to Capital
Balance Sheet Strength Underpinned by Strong Access to Capital Total Equity in QAR Millions 8,114 8,767 9,003 Balance Sheet Strength 2,521 2,521 2,521 Equity and Debt Capital Market Track Record 5,593 6,246 6,482 2022 Tier-2 Issue Refinanced 2017 Tier-2 issue with USD 400m raise 2022 2023 2024 2020
Slide 21: Disclaimer
Disclaimer NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES OR FOR THE ACCOUNT OR BENEFIT OF U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933 (THE “SECURITIES ACT”)) OR IN OR INTO AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY
Slide 22: Thank You
THANK YOU qic-group.com | P A G E : 22 Internal
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