Reliance Insurance Co Ltd · PSX:RICL
Reliance Insurance — Investor Presentation (2021)
24 slides from Reliance Insurance's investor presentation, 2021
Slide 1: Corporate Briefing Session 2021
CORPORATE BRIEFING SESSION 2021 1
Slide 2: Company Brief, Financial Details, Future Outlook
▪ Company Brief ▪ Financial Details ▪ 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 & Property damage, Accident Motor, Marine (Import & Exports), Loss of Profits, Personal Accident, Workmen's Compensation, Burglary, Cash-in- Safe or in Transit etc.
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.630.99 million (inclusive of Takaful Contribution) at the end of the year 2020 and the Technical Reserves at Rs.523.73 milli
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 a
Slide 7: Board of Directors
Board of Directors Mr. Irfan Zakaria Bawany Chairman Mr. Muhammad Omar Bawany Director Mr. Ahmed Ali Bawany Director Mr. Noor M. Zakaria 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. Ghulam Haider -Company Secretary & Compliance Officer Mr. Muhammad Omar Zubair -Chief Commercial Officer Mr. Najmullah Khan -Vice President (Head Of Takaful) Mr. Muhammad Siddiq -Chi
Slide 9: Branch Network
Branch net work 1. Corporate Branch Head Office, Karachi 2. Business Plaza Branch Karachi 3. Tariq Road Branch Karachi 4. Namco Centre Branch Karachi 5. Land Mark Plaza Branch Karachi 6. M. A. Jinnah Road Branch Karachi. 7. Hyderabad Branch 8. Sukkur Branch 9. Zonal Office Lahore 10. Regional Office
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 • According to the SBP report, Pakistan’ economy recovered during FY21, with real GDP growth to 3.9 percent. • SBP Monetary Policy Committee decided to raise the policy rate by 100 basis points to 9.75 percent. The goal of this decision is to counter inflationary pressures and ensur
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 31** 32 Reinsurance 1 0 1 Total 3 40 43 * Includes 2 Family Takaful Operators ** Includes 2 General Takaful Operators 13
Slide 14: Insurance Industry Performance
Insurance Industry Performance • 31 Non Life Insurance Companies including General Takaful Operators Underwritten Gross Premium during the year 2020 is Rs.119 billion which is 0.28% of our GDP ratio. • 22 Window Takaful Companies Gross contribution during the year 2020 is Rs.11 billion which is 0.03
Slide 15: General & Takaful Operations
General & Takaful Operations 15
Slide 16: Nine Months Financial Position 2021 vs. 2020
Nine months financial Position 2021 vs. 2020 Rupees in ‘000 Sep. 2021 Sep. 2020 Variance % Gross Insurance premium/Takaful contribution 462,354 407,384 13.49 Net insurance premium/Takaful contribution 215,639 208,210 3.57 Net insurance claims/Takaful claims 56,186 51,072 10.01 Net Commission/Re-taka
Slide 17: 2 Years Key Financial Data
2 Years Key Financial Data Rupees in ‘000 2020 2019 • Ordinary Share Capital 561,413 561,413 • Share Holder's Equity 997,634 933,529 • Reserves 250,000 250,000 • Cash & Bank Balances 111,310 131,228 • Investment 813,517 777,312 • Total Assets 1,713,974 1,595,486 • Written Gross Premium 630,994 725,9
Slide 18: Top Line Analysis Gross Premium Sep. 2021 vs Sep. 2020 General
Top Line Analysis Gross Premium Sep. 2021 vs Sep. 2020 General Rupees in ‘000 Chart Title 250000 200000 150000 100000 Sep. 2021 Sep. 2020 50000 0 Fire Marine Motor Misc. 18
Slide 19: Top Line Analysis Gross Contribution Sep. 2021 vs Sep. 2020 Takaful
Top Line Analysis Gross Contribution Sep. 2021 vs Sep. 2020 Takaful Rupees in ‘000 35000 30000 25000 20000 15000 Sep. 2021 10000 Sep. 2020 5000 0 Fire Marine Motor Misc. 19
Slide 20: Gross Premium Department Wise Sharing
Gross premium department wise sharing Business Mix. Sep. 2021 3% 15% Fire 51% Marine Motor 31% Misc. 20
Slide 21: Investments
Investments Rupees in ‘000 840 820 800 780 760 2020 740 2019 2018 720 700 680 660 640 Investments 21
Slide 22: Investment Income
Investment income Rupees in ‘000 100 90 80 70 60 2020 50 2019 40 2018 30 20 10 0 22
Slide 23: Future Outlook
Future outlook The emergence of the new Coronavirus variant, Omicron, poses some concerns, but at this stage there is limited information about its severity. Pakistan’s economic growth rebounded to 3.9% in fiscal year (FY) 2021 and is expected to reach 4.0% in FY2022 as business activity gradually r
Slide 24: Thank You
Thank You 24
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