Tpl Insurance Ltd · PSX:TPLI

Tpl Insurance — H1 2023 Earnings Presentation

14 slides from Tpl Insurance's earnings presentation, Sep 26, 2023

  1. Slide 1: TPL Insurance Limited Analyst Briefing

    TPL Insurance Limited Analyst Briefing Dated: 26th September 2023 1

  2. Slide 2: Market Updates - YTD June 2023

    Market Updates - YTD June 2023  PKR depreciated 27.6% during the six month period at Rs. 286 per USD (31st Dec 2022: Rs. 224.14 per USD) with further devaluation post period end challenging the insurance market on;  Inflated Claims costs through out policy periods  Maintaining expense ratio  Mak

  3. Slide 3: Motor Retail Segment

    Motor Retail Segment How decline in auto industr y impacting our business? Auto Industry Sales – HY22 vs 23 Motor Fresh New vs Old Cars 3,686 3,885 Premium 71% CARS - 77% 350.3 62% 2,536 273.3 38% Honda -78% 223 172 29% 1,349 127 102 Toyota -75% Suzuki -78% 2022 2023 New Old 2022 2023 Hyundai -52% N

  4. Slide 4: Banks

    Banks How are we diversifying our business with Banks? New Auto Relationships Decline in Auto Financing (HY22 vs HY23) Auto Financing portfolio - PKR 2.3million # of Units – 77% Commercial Vehicles – PKR 2 million Financing Amount – 73% New Products with banks (concluded) Source: Financing by bankin

  5. Slide 5: Business Solutions

    Business Solutions Leveraging new channels to grow the business? Agri Insurance Broker Business  Launched Pakistan’s 1st Cattle Insurance  Expanding our relationship with brokers; resulting based on Cattle Fattening Model with an in 50% growth in Fire Business YOY AMC. In the first phase, 650 anim

  6. Slide 6: Digital Hub

    Digital Hub How are we using technology to achieve our business goals? Revamped Website Won 2 Prestigious awards by Pakistan Digital Awards • New UI & Theme • Updated Content • Best Mobile App 2023 • Heat Mapping • Best Insurance tech 2023 • Increased User Tracking • SEO Optimization • New FAQs Data

  7. Slide 7: Corporate Brand

    CO R P O R AT E B R A N D HIGHEST PERFORMING PR (TO DATE) Creating visibility across all channels. TPL INSURANCE (WTO) EMAAN ISLAMIC BANK TIKTOK CAMPAIGN PEOPLES’ BUS BRANDING CAMPAIGN CAMPAIGN OVERVIEW OVERVIEW VIEWERSHIP 89,225,000 • AD VALUE – • TOTAL VIDEOS – 18 1,035,675 • TOTAL VIEWS - 229,671

  8. Slide 8: Financials

    # TPL Insurance

  9. Slide 9: Company Updates - YTD June 2023

    Company Updates- YTD June 2023  TPLI and NHIC stands merged as of 22nd September 2023, post order by the Sindh High Court  Merged financial statements for 3rd Quarter will be approved by the Board and published in October’2023  PACRA rating maintained at AA as announced on 5th May 2023  Treaty s

  10. Slide 10: Financial Results – YTD 30th June, 2023

    Financial Results – YTD 30th June, 2023 TPL INSURANCE LTD PKR (m) Actual PY D PY 1,976 1,808.0 168  GWP increased by 168m (9%) YoY. GWP +9% NEP 1,546 1,423.8 123  YTD NEP reported at Rs. 1,546m increased by +9% Net Claims (722) (691) (31) Rs.123m (9% YoY). -4%  Overall Claim ratio decreased by 2%

  11. Slide 11: GWP by Class of Business – YTD June 2023

    GWP BY CLASS OF BUSINESS – YTD June 2023 (Rs in million) 2% 0% Actual YTD Class of Business Actual Prior Year Var. % 2% 11% 28% Motor - Fresh 558 697 (138) -20% 17% Motor - Renewal 772 633 139 22% 39% Property 341 190 151 80% Motor - Fresh Motor - Renewal Property Marine Health Miscellaneous Agri/Li

  12. Slide 12: Claim Ratio Analysis – Jun 2023

    Claim Ratio Analysis – Jun 2023 100% 92% 81% 76% 75% 80% 60% 47% 49% 43% 43% 36% 40% 20% 11% 0% Motor Health Miscellaneous Property Marine Total -20% -9% -19% -40% CLAIM YTD CLAIM PY  Motor Claim ratio remained inline compared to LY.  Health claim ratio increased by 11% as compared to LY, mainly d

  13. Slide 13: Future Outlook – 2023

    FUTURE OUTLOOK – 2023 • The Company looks to continue on the path of innovation and disruption with customer centric solutions that deliver customer needs and surpass customer expectations. • We are continuously expanding our existing product base and improving customer experience with tech driven s

  14. Slide 14: Disclaimer

    Disclaimer This presentation may contain certain “forward-looking statements” with respect to TPL Insurance expectations and plans, strategy, management’s objectives, future performance, costs, revenue, earnings and other trend information. It is important to note that actual results in the future c

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