Reliance Insurance Co Ltd · PSX:RICL
Reliance Insurance — Investor Presentation (2022)
24 slides from Reliance Insurance's investor presentation, 2022
Slide 1: Corporate Briefing Session 2022
CORPORATE BRIEFING SESSION 2022 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.726.436 million (inclusive of Takaful Contribution) at the end of the year 2021 and the Technical Reserves at Rs.550.129 mil
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. Najmullah Khan -Senior Vice President (Head Of Takaful) Mr. M. A. Hannan Shadani -Senior Vice President (Underwriting) Mr. M
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. Zonal Office Lahore 9. Regional Office Lahore 10. Gulber
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+’. Outlook on the assigned Rating continues to be ‘Stable’. 11
Slide 12: Economy Overview
Economy Overview • Recent flooding caused by unusually heavy and prolonged monsoon rains creates downside risks for agricultural production, especially cotton and seasonal crops, and could weigh on growth this year. SBP has revised GDP growth down to 2% for the year FY23. • Currently SBP Monetary Po
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 8* 9 Non Life Insurance 1 30** 31 Reinsurance 1 0 1 Total 3 38 41 * Includes 2 Family Takaful Operators ** Includes 3 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 2021 is Rs.120 billion which is 0.22% of our GDP ratio. • 20 Window Takaful Companies Gross contribution during the year 2021 is Rs.13 billion which is 0.02
Slide 15: General & Takaful Operations
General & Takaful Operations 15
Slide 16: Nine Months Financial Position 2022 vs. 2021
Nine months financial Position 2022 vs. 2021 Rupees in ‘000 Sep. 2022 Sep. 2021 Variance % Gross Insurance premium/Takaful contribution 567,311 462,354 22.70 Net insurance premium/Takaful contribution 256.795 215,639 19.09 Net insurance claims/Takaful claims 65,852 56,186 17.20 Net Commission/Re-tak
Slide 17: Key Financial Data 2021 vs 2020
2 Years Key Financial Data Rupees in ‘000 2021 2020 • Ordinary Share Capital 603,519 561,413 • Share Holder's Equity 1,048,061 997,634 • Reserves 270,000 250,000 • Cash & Bank Balances 93,709 111,310 • Investment 837,942 813,517 • Total Assets 1,847,695 1,713,974 • Written Gross Premium /Takaful 726
Slide 18: Top Line Analysis Gross Premium Sep. 2022 vs Sep. 2021 General
Top Line Analysis Gross Premium Sep. 2022 vs Sep. 2021 General Rupees in ‘000 Segment-wise 250000 200000 150000 100000 Sep. 2022 Sep. 2021 50000 0 Fire Marine Motor Misc. 18
Slide 19: Top Line Analysis Gross Contribution Sep. 2022 vs Sep. 2021 Takaful
Top Line Analysis Gross Contribution Sep. 2022 vs Sep. 2021 Takaful Rupees in ‘000 45000 40000 35000 30000 25000 20000 Sep. 2022 15000 Sep. 2021 10000 5000 0 Fire Marine Motor Misc. 19
Slide 20: Gross Premium Department Wise Sharing
Gross premium department wise sharing Business Mix. Sep. 2022 6% 17% Fire Marine 54% Motor 23% Misc. 20
Slide 21: Investments
Investments Rupees in ‘000 850 840 830 820 Sep.2022 810 Sep.2021 800 Sep.2020 790 780 770 760 21
Slide 22: Investment Income
Investment income Rupees in ‘000 80 70 60 50 Sep.2022 40 Sep.2021 Sep.2020 30 20 10 0 22
Slide 23: Future Outlook
Future outlook • Pakistan’s economic growth forecast for FY23 depressed to 2%. • The continual ambiguity on political front is also unfavorably and affecting the business outlook. • The Government has initiated a number of measures to check the rising current account deficit, local inflation and for
Slide 24: Thank You
Thank You 24
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