Abu Dhabi National Insurance Company · ADX:ADNIC
Abu Dhabi National Insurance — Shareholder Meeting (March 2020)
17 slides from Abu Dhabi National Insurance's shareholder meeting presentation, Mar 23, 2020
Slide 1: Annual General Assembly Meeting Presentation
Your Reliable Insurer ANNUAL GENERAL ASSEMBLY MEETING PRESENTATION PRESENTED BY ABU DHABI NATIONAL INSURANCE COMPANY P.J.S.C
Slide 2: A leading regional multi-line insurance provider for corporates, SME and individuals
A leading regional multi-line insurance provider for corporates, SME and individuals 2
Slide 3: Disclaimer and Forward-Looking Statements
D I S C L A I M E R A N D F O R WA R D - L O O K I N G S TAT E M E N T S Disclaimer: This presentation provides general background information on ADNIC's current activities but is not comprehensive and should not be relied upon as investment advice. The information may not be suitable for every inve
Slide 4: Looking back
QADNIC Looking back
Slide 5: ADNIC at a Glance
A D N I C AT A G L A N C E As a leading insurer in the UAE, we are committed to creating long term value for all our stakeholders while delivering sustainable shareholder returns. MARKET LEADER TRUSTED PARTNER INNOVATION DRIVER ROE 13.7% AED Annual paid claims Innovation leader exceeding the 2.1 Bil
Slide 6: 2022 was a milestone year of growth & achievement
2022 WAS A MILESTONE YEAR OF GROWTH & ACHIEVEMENT Outstanding topline Proven resilience Strategic growth growth across the business investments • GWP increased by 20.1% • Consistent and strong • Focus on operational increase to reach AED5.13 underwriting performance capabilities and customer billion
Slide 7: Continued to enhance customer experience
C O N T I N U E D TO E N H A N C E C U S TO M E R EXPERIENCE IMPROVED SELF SERVICE ENHANCED EFFICIENCY INNOVATIVE PRODUCTS CAPABILITIES • New state-of-the-art motor portal to • New Oracle Fusion (P2P) app to • Launching a new Pharmacy Benefit provide unique customer journey for automate end-to-end p
Slide 8: ADNIC a Tier-1 composite insurer with the highest ROE in the UAE
ADNIC A TIER-1 COMPOSITE INSURER WITH THE HIGHEST ROE IN THE UAE Millions, AED Market GWP Net Share ROE 2022 was a challenging year for the insurance share* profit Equity industry: 21% 6,071 521 3,998 13.4% • Profit of listed companies has decreased for the industry by 23% versus prior year • ROE of
Slide 9: FY'22 Key Financial Highlights
FY’22 KEY FINANCIAL HIGHLIGHTS Gross Written Premiums 5,125.5 20.1% -15.8% AED Mn YoY -15.8% +29.5% Investment Income +7.4% 144.2 +0% -38.4% AED Mn YoY +13.8% Net underwriting income 490.9 -0.2% AED Mn YoY Net Profit 377.9 -5.9% AED Mn YoY Return on Equity 13.7% -1.4% YoY 9
Slide 10: Capital Management and Dividend Policy
C A P I TA L M A N A G E M E N T A N D D I V I D E N D P O L I C Y Solvency ratio Dividend payout ratio 250% Maximum appetite 217% 200% DPS Target level 150% Minimum level Dividend policy subject to sustainable CB Dividend payout subject to maintaining the solvency margin as per Central bank solvenc
Slide 11: Consistent investment performance despite market conditions
CONSISTENT INVESTMENT PERFORMANCE DESPITE MARKET CONDITIONS By asset class Investment Income through Profit and Loss Account (AED million) AED 4,617.8 million • Increase in volatility caused by ructions in FI and Equities together • 2022 numbers impacted largely by FI volatility Cash and deposits Eq
Slide 12: A strong financial track record
A STRONG FINANCIAL TRACK RECORD Growth written premiums Net written premium (AED million) (AED million) CAGR CAGR 12.0% 4.3% Investment income Underwriting profit (AED million) (AED million) CAGR 8.5% CAGR 10.8% 2018 2019 2020 2021 2022 CAGR NET PROFIT (AED million) 236 284 371 402 378 9.9% SHAREHOL
Slide 13: Our approach to sustainability
PAGE 05/15 68.01% 14% In-Country-Value Reduction in score electricity consumption OUR APPROACH TO TRANSFORMING OUR GOVERNANCE MODEL • Our 2022 ESG report is now certified by GRI SUSTAINABILITY • We're committed to creating shared value and responsible business • We report according to GRI Standards,
Slide 14: Looking ahead
Looking ahead QADNIC 14
Slide 15: Growth strategy to maintain leadership
G R O W T H S T R AT E G Y TO M A I N TA I N L E A D E R S H I P GPW 4.5% To p l i n e 14% Ta r g e t Combined <85% ratio >20% outside ±0.5% CAGR ±1% ROE UAE Leverage Commercial lines leadership. Use ADNIC’s scale, technical expertise, Maintain the foundations proven track record and global partners
Slide 16: ADNIC is well positioned for sustained success
A D N I C I S W E L L P O S I T I O N E D F O R S U S TA I N E D SUCCESS Strong and established corporate UAE economic growth and business across both Commercial diversification and Consumer product lines Deep expertise and unique Continuous effort to increase the specialisms customer awareness abou
Slide 17: Thank you
Your Reliable Insurer Thank you investorrelations@adnic.ae
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