Premier Insurance Co. of Pakistan Ltd. · PSX:PINL
Premier Insurance Co. of Pakistan — Premier Insurance — Corporate Update (December 2021)
10 slides from Premier Insurance Co. of Pakistan's corporate update, Dec 29, 2021
Slide 1: Premier Insurance Limited Corporate Briefing Session
Premier Insurance Limited Corporate Briefing Session Held on December 29, 2021
Slide 2: Contents
Contents Introductory Briefing Key Highlights Financial Performance for the period ended Sep 30, 2021 Future Outlook
Slide 3: Introductory Briefing
Introductory Briefing Premier Insurance is a stalwart of the insurance industry of Pakistan. As the first company created after the independence of Pakistan, the Company has for long been trusted partner for her clients and an anchor institution that has thrived through the history of this nation.
Slide 4: Introductory Briefing
Introductory Briefing Commencement of Operations 1952 Head Quarters Karachi Major Shareholders 1) Crescent Powertech Limited 18% 2) State Life Insurance Corp. Of Pakistan 10% Credit Rating(Long Term) A Branches and offices 13 Cities Covered 8 Permanent 93 Staff Strength Contractual 8 Non Management
Slide 5: Introductory Briefing
Introductory Briefing Company offers following facilities Branches Matrix Provinces No of Branches Fire and Property Damages Sindh 2 Punjab 6 Marine, Aviation and transport KPK 1 Baluchistan 1 1 Motor Federal territory 1 1 Total 11 Miscellaneous 6 Engineering 1 Energy 2 Health Bonds and Liability
Slide 6: Key Highlights - Balance Sheet
Key Highlights - Balance Sheet Sep-21 2020 2019 Paid-up capital 505,650 505,650 505,650 Capital reserves 19,675 19,675 19,675 Revenue 795,973 593,612 631,698 reserves Total reserves 815,648 613,287 651,373 Total equity 1,321,298 1,118,937 1,157,023 Total assets 3,551,518 3,071,566 2,957,300
Slide 7: Key Highlights - Profit or Loss - Conventional
Key Highlights - Profit or Loss - Conventional Sep-21 Sep-20 Sep-19 Premium 481,185 427,430 408,272 written Net premium 177,777 143,563 170,128 Investment 132,945 12,408 (146,288) income Profit / (loss) (34,467) (115,490) (257,667) before taxation Profit / (loss) (41,720) (121,104) (265,875) after t
Slide 8: Financial Performance for the period ended Sep 30, 2021 - Conventional
Financial Performance for the period ended Sep 30, 2021 - Conventional (Rupees in ‘000) Profit / (loss) statement Sep-2021 Sep-2020 Net Insurance Premium 177,777 143,563 Insurance claim & acquisition expenses (209,021) (104,425) Management Expenses (158,173) (191,829) Underwriting results (189,417)
Slide 9: Financial Performance for the period ended Sep 30, 2021 - Takaful
Financial Performance for the period ended Sep 30, 2021 - Takaful (Rupees in ‘000) Profit/(loss) statement Sep-2021 Sep-2020 Contribution earned 47,769 57,903 Less: Contribution ceded to retakaful (11,398) (9,189) Net Contribution 36,371 48,714 Re-takaful rebate 2,149 1,494 Net underwriting income 3
Slide 10: Strategic Plans
STRATEGIC PLANS The management has embarked on a continuous process to reduce loss generating businesses and reduction of costs. Being one of the oldest names in the insurance sector, we have the resources and human resource skills to improve our operating results and add value to our stakeholder’s