Union Insurance Co., Ltd. · TWSE:2816
Union Insurance — 2021Q2 Earnings Presentation
36 slides from Union Insurance's earnings presentation, Sep 27, 2021
Slide 1: 2816 WWI 2021 Performance Presentation
2816 WWI 2021 Performance Presentation 2021/9/27 最值得信賴的保險公司
Slide 2: Disclaimer
Disclaimer This presentation is provided by Union Insurance Co., Ltd. (WWI). WWI makes no guarantees or warranties as to the accuracy, completeness or correctness of all the material contained in this presentation. After this presentation is released to the public, WWI undertakes no obligations to u
Slide 3: Agenda
Agenda Company Profile Business Overview Business Performance Financial Profile Corporate Social Responsibility 最值得信賴的保險公司 3
Slide 4: Company Profile
Company Profile 最值得信賴的保險公司 4
Slide 5: Company Profile
Company Profile WWI was established in 1963. WWI (stock symbol: 2816) is the first listed non-life insurance company in 1992. WWI acquired China Mariners’ Assurance Corp., the first successful M&A case in the non-life insurance industry in 2002. In June 2007, WWI was acquired by Want Want Group, com
Slide 6: Business Overview
Business Overview 最值得信賴的保險公司 6
Slide 7: Insurance Products
Insurance Products Personal Lines Motor Insurance Project Insurance Residential Insurance Travel Accident Insurance Accident and Health + Inconvenience Insurance Insurance Motorcycle Vaccine insurance Residential Fire & Comprehensive Travel Personal Accident insurance Epidemic Earthquake
Slide 8: Written Premiums Mix
Written Premiums Mix Unit: NT$100m Casualty Earthquake Marine Cargo Aviation & Hull Engineering 4.02 2.53 1.75 1.67 4.51 3.93% 2.48% 1.71% 1.63% 4.41% Accident＆ Health Voluntary 8.32 Automobile 8.13% 59.65 Fire 58.35% 10.03 9.82% Compulsory Automobile Liability 9.75 9.54% 2020 ~102.23 最值得信賴的保險公司 8
Slide 9: Written Premiums Mix
Written Premiums Mix Unit: NT$100m Casualty Engineering Earthquake Marine Cargo Aviation & Hull 2.23 2.04 1.25 0.70 0.66 3.95% 3.61% 2.22% 1.25% 1.18% Accident＆ Health Voluntary 5.64 Automobile 10.00% 32.20 57.14% Fire 6.85 12.15% Compulsory Automobile Liability 4.79 8.50% 2021Q2 ~56.36 最值得信賴的保險公司 9
Slide 10: Written Premiums
Written Premiums Unit: NT$100m 120.0 98.5 98.6 102.2 100.0 91.1 85.1 80.0 56.4 60.0 40.0 20.0 0.0 2016 2017 2018 2019 2020 2021Q2 最值得信賴的保險公司 10
Slide 11: Retained Premiums
Retained Premiums Unit: NT$100m 80.0 73.8 70.3 70.1 70.0 66.8 60.0 57.8 50.0 41.2 40.0 30.0 20.0 10.0 0.0 2016 2017 2018 2019 2020 2021Q2 最值得信賴的保險公司 11
Slide 12: Premiums Growth Ratio
Premiums Growth Ratio 18.0% 15.4% 13.0% 8.7% 10.7% 8.1% 7.1% 8.0% 5.3% 6.1% 5.2% 3.0% 0.1% 3.7% 3.8% -0.2% -2.0% 2016 2017 2018 2019 2020 2021Q2 Written Premiums Retained Premiums 最值得信賴的保險公司 12
Slide 13: Market Share
Market Share 6.10% 5.97% 6.00% 5.86% 5.84% 5.90% 5.80% 5.70% 5.59% 5.60% 5.46% 5.50% 5.40% 5.30% 5.20% 5.10% 2016 2017 2018 2019 2020 Market Share 最值得信賴的保險公司 13
Slide 14: Business Performance
Business Performance 最值得信賴的保險公司 14
Slide 15: Revenues
Revenues Unit: NT$100m Revenues Revenues Growth Ratio 100.0 14.8% 16.0% 82.4 13.9% 80.8 14.0% 77.1 80.0 72.4 12.0% 63.1 60.0 7.5% 10.0% 44.2 8.0% 40.0 4.9% 6.0% 6.5% 1.9% 4.0% 20.0 2.0% 0.0 0.0% 2016 2017 2018 2019 2020 2021Q2 最值得信賴的保險公司 15
Slide 16: Net Income After Tax
Net Income After Tax 8.00 7.00 6.00 5.00 4.00 3.00 2.00 1.00 0.00 2016 2017 2018 2019 2020 2021Q2 Net Income After Tax 2.16 6.63 6.03 7.03 7.02 3.06 (NT$100m) Earnings Per Share 1.03 3.12 2.84 3.30 3.14 1.37 (NT Dollar) 最值得信賴的保險公司 16
Slide 17: Financial Profile
Financial Profile 最值得信賴的保險公司 17
Slide 18: Balance Sheet
Balance Sheet (In NT$100m unless otherwise noted) 250.00 30 28 200.00 26 24 150.00 22 20 100.00 18 50.00 16 14 0.00 12 2016 2017 2018 2019 2020 2021Q2 Total Assets 154.19 162.88 173.94 175.84 177.45 192.13 Total Liabilities 117.88 119.49 125.33 121.43 118.98 130.22 Total Equity 36.31 43.39 48.61 54.
Slide 19: Balance Sheet 2021Q2
Balance Sheet 2021Q2 Unit: NT$100m ASSETS 2021Q2 % LIABILITIES AND EQUITY 2021Q2 % Cash and cash equivalents 31.38 16.33% Accounts payables 13.81 7.19% Receivables 10.39 5.41% Current tax liabilities 0.49 0.26% Current tax assets 0.00 0.00% Insurance liabilities 112.46 58.53% Financial assets at fai
Slide 20: Risk Based Capital Ratio(RBC%)
Risk Based Capital Ratio(RBC%) 600.00% 546.58% 546.33% 536.29% 518.89% 550.00% 500.00% 464.40% 442.42% 450.00% 400.00% 350.00% 300.00% 250.00% 200.00% 2016 2017 2018 2019 2020 2021Q2 最值得信賴的保險公司 20
Slide 21: Corporate Social Responsibility, CSR
Corporate Social Responsibility, CSR 最值得信賴的保險公司 21
Slide 22: Corporate Social Responsibility (CSR)
Corporate Social Responsibility(CSR) ●Diversified Board ●Comply with various laws and ●Digital financial enhancement regulations services ●Anti-Money laundering/ ●Develop sustainable products Corporate Countering the financing of Product Service terrorism Governance ●Principle of Fair Hospitality ●P
Slide 23: Corporate Governance – Financial Strength Rating
Corporate Governance – Financial Strength Rating Standard & Poor‘s： A-；Outlook：Stable Taiwan Ratings： twAA ；Outlook：Stable A.M. Best Company： A- (Excellent) ；Outlook：Stable RBC％：546.33%；Net Present Value：32.22 % 最值得信賴的保險公司 23
Slide 24: Climate Risk Management and Emergency Response Measure
Climate Risk Management and Emergency Response Measure According to the World Economic Forum, “Climate Change”has been the most concerned topic for many years, as a large impact on the global warming has driven to extreme weather crises, such as storm surge or water shortage. To perform a sustainabl
Slide 25: Green Energy, Insuring a Renewables Future
Green Energy, Insuring a Renewables Future Energy saving, low-carbon lifestyle and in conjunction with the city government policy, users of public bicycle systems in Hsin Chu (including HSIP) and Miaoli areas are to enjoy public bicycle insurance. Starting from 2019, WWI has participating a scheme o
Slide 26: Technology and Innovation in the Insurance Sector
Technology and Innovation in the Insurance Sector Technology has begun to impact Travel Insurance. Travel policyholders of WWI, and if there is a delay that meets their insurance terms and conditions, an alert message of a claim and steps of how to claim a loss are guiding to the policyholders via S
Slide 27: Information Security Management, Privacy and Data Protection
Information Security Management, Privacy and Data Protection Strengthen information security and data protection, set up an information quality management system on a “Plan-Do-Check-Act”basis. Compliant Information Security Management System (ISMS), implement and maintain an ISO27001 Build up Pe
Slide 28: CSR Participation - Micro Insurance
Corporate Social Responsibility Participation- Micro Insurance The most solid backing for the disadvantaged In 2020, 19 groups and 3,026 people, including the Syin-Lu Social Welfare Foundation benefited from the Micro Insurance Promotion. WWI participated in the Financial Supervisory Commission Micr
Slide 29: CSR Participation - Vulnerable Care
Corporate Social Responsibility Participation - Vulnerable Care WWI has participated in the marine Hosted by the Chiayi City WWI, together with Taipei 101, experience activity "The Sea for Government, "Anti-drug Youth BNP Paribas Cardif Life Insurance, Children with Cerebral Palsy and the Hiking, An
Slide 30: CSR Participation - Vulnerable Care
Corporate Social Responsibility Participation - Vulnerable Care Heping Elementary School is a mini The 6th Yuxiang Cup National Under the influence of this year's elementary school in Shiding District. The Wheelchair Badminton epidemic, "Love Transfer to Taiwan Fund number of students is less than 1
Slide 31: CSR Participation - Charity
Corporate Social Responsibility Participation- Charity WWI supports and sponsors the "Want Want Mid-Time Charity Concert: A Tribute to Volunteers across the Country". The concert has been held for 7 consecutive years since 2013. In addition to the consolation of volunteers who have served the societ
Slide 32: CSR Participation - Health for All People
Corporate Social Responsibility Participation - Health for All People Responding to government policies and promoting sports for all, WWI sponsored the "Want Taiwan with Feet" hiking activity, covering the whole Taiwan. Through the activities, not only let the whole family spend happy family time to
Slide 33: CSR Participation - Healthcare Lectures
Corporate Social Responsibility Participation - Healthcare Lectures In the past, people passively waited for health information from experts and scholars, unable to truly meet the needs of people's health. In order to enable the public to take the initiative to care about their own health, and echo
Slide 34: CSR Participation - Arts and Sports
Corporate Social Responsibility Participation - Arts and Sports WWI co-organized the 2020 Taipei Guandu Palace College Student Western Painting Young Talent Award, encouraging students to engage in artistic creation, explore the young Picasso, and co-organized ink painting exhibition to promote the
Slide 35: CSR Participation - Disaster Relief and Assistance
Corporate Social Responsibility Participation- Disaster Relief and Assistance The 2020 covid-19 Pandemic outbreak is a thorny issue for all people in the country. WWI upholds the people-oriented service, and distributes the "Water God Antibacterial Liquid" at the entrance of the Taipei headquarters
Slide 36: Q&A
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