Efu General Insurance Ltd. · PSX:EFUG
Efu General Insurance — Investor Presentation (March 2025)
32 slides from Efu General Insurance's investor presentation, Mar 25, 2025
Slide 1: Corporate Briefing Session
EFU GENERAL INSURANCE LTD. Corporate Briefing Session For the year ended December 31, 2024 25 March, 2025 1
Slide 2: Contents
Contents Company Overview Awards Financial Highlights December 2024 Contribution to National Exchequer Prospects for 2025 2
Slide 3: About Us
About Us The Company was incorporated in 1932. The Company was listed on the stock exchange in 1949. The Company was allowed to undertake Window Takaful Operations on 16 April 2015. EFU General is the most experienced Non-Life Insurance Company. The Company’s Paid-up Capital is Rs. 2 billion. EFU Li
Slide 4: Vision and Mission
VISION AND MISSION VISION To continue our journey to be better than the best. MISSION To provide services beyond expectation with a will to go an extra mile. In the process, continue to upgrade technology, human resource and reinsurance protection.
Slide 5: Our Values
OUR VALUES OUR VALUES Our philosophy is to be the leading Company with service above par, with integrity, excellence, and professionalism. FOLLOWING ARE OUR CORE VALUES: ➢ Integrity and Ethics Conduct business with ethics, dignity, fairness and transparency. ➢ Excellence We measure our performance b
Slide 6: Reinsurance Arrangements
Reinsurance Arrangements with : • Allianz SE Reinsurance • Lloyds of London • Hannover Ruck SE • Swiss Reinsurance • Korean Reinsurance • SCOR Reinsurance Asia • PICC Reinsurance, China • MS First Capital Insurance Premium Underwritten : Premium Underwritten, December 31, 2024 = Rs. 41.27 Billion. E
Slide 7: Group's Financial Strength Ratings
Group’s Financial Strength Ratings PACRA VIS *A.M. BEST AA++ AA++ B- VIS AA++ *For latest rating, visit www.ambest.com 7
Slide 8: Product Portfolio
PRODUCT PORTFOLIO Fire and Property Marine, Aviation & Transport Motor Miscellaneous Window Takaful Operations 8
Slide 9: Governance Structure
Governance Structure Board of Directors • Comprises of Eight Directors • Two independent Directors (Including a female) • Five Non Executive Directors • One Executive Director - CEO Board Committees • Audit Committee • Investment Committee • Ethics, Human Resource & Remuneration Committee Management
Slide 10: Awards
AWARDS Brands 16th Corporate 21st Environment Icon Award Social Responsibility Excellence 10 2024 Award 2024 Awards 2024
Slide 11: Awards
AWARDS 18th Consumer Shaukat Khanum 14th Annual Choice Award CSR Award Fire Safety 11 2024 2024 Award 2024
Slide 12: Key Developments During 2024
KEY DEVELOPMENTS DURING 2024 Completed / Went Live: - Mobile application (travel) and WhatsApp Chatbot for insurance customers. - Development and testing of applications to digitize and automate EFU’s help desk management and audit functions. - Developed new products to facilitate transactional / Ho
Slide 13: Key Developments in Progress for 2025
KEY DEVELOPMENTS IN PROGRESS FOR 2025 In-progress / Under Development: - Automation & Digitalization of Financial Process and Dashboards. - Development of additional features to facilitate travel insurance customers. - - Upgrade of the back-end Oracle infrastructure to reduce the transaction time fo
Slide 14: Geographical Presence
Geographical Presence (32 Locations) 14
Slide 15: Financial Performance at a Glance
FINANCIAL PERFORMANCE AT A GLANCE 15
Slide 16: Key Financial Highlights December 2024
KEY FINANCIAL HIGHLIGHTS DECEMBER 2024 GROSS PREMIUM CLAIMS UNDERWRITING (Including takaful contribution) PAID RESULTS 41.27 8.20 2.42 (Rupees in Billion) (Rupees in Billion) (Rupees in Billion) INVESTMENT & PROFIT EARNING PER OTHER INCOME AFTER TAX SHARE 3.62 3.71 18.56 (Rupees in Billion) (Rupees
Slide 17: Class wise Gross Premium
8% Class wise Gross Premium for 9% 5% the year ended December 31 5% Rupees in billion 7% 2024 2023 Growth % 66% Property 27.13 27.44 (1) 2024 Gross Premium Composition Marine 2.98 2.74 9 2024 2023 % % Aviation 1.83 2.15 (15) Property 66 66 Motor 3.83 4.09 (6) Marine 7 7 Miscellaneous 2.14 2.03 5 Avi
Slide 18: Class wise Net Premium
9% Class wise Net Premium for 28% 49% the year ended December 31 Rupees in billion 2024 2023 Growth% 14% 2024 Property 7.10 5.32 33 Net Premium Composition 2024 2023 Marine 2.12 1.98 7 % % Motor 4.02 3.89 3 Property Marine 49 14 43 16 Miscellaneous 1.31 1.20 9 Motor Miscellaneous 28 9 31 10 Total 14
Slide 19: Written Premium (Including Takaful Contribution)
Written Premium (Including Takaful Contribution) for the year ended December 31 (Rupees in billion) 41.52 41.27 31.96 24.66 22.06 22.64 2019 2020 2021 2022 2023 2024 CAGR 13.34% 19
Slide 20: Net Premium Revenue
Net Premium Revenue for the year ended December 31 (Rupees in billion) 14.55 12.39 9.81 10.29 8.62 7.46 2019 2020 2021 2022 2023 2024 CAGR 14.30% 20
Slide 21: Underwriting Results
Underwriting Results for the year ended December 31 (Rupees in million) 2,418 1,552 1,649 739 505 70 2019 2020 2021 2022 2023 2024 CAGR 36.78% 21
Slide 22: Investment & Other Income
Investment & Other Income for the year ended December 31 (Rupees in million) * 4,639 3,890 2,808 2,679 2,616 2,257 2019 2020 2021 2022 2023 2024 CAGR 10.56% * Excluding charge of impairment on subsidiary. 22
Slide 23: Profit after tax
Profit after tax for the year ended December 31 (Rupees in million) 3,711 3,282 2,609 2,707 2,371 2,006 2019 2020 2021 2022 2023 2024 CAGR 7.30% 23
Slide 24: Total Assets
Total Assets as at December 31 (Rupees in billion) 72.40 67.55 56.62 45.70 45.81 47.00 2019 2020 2021 2022 2023 2024 CAGR 9.64% 24
Slide 25: Total Equity
Total Equity as at December 31 (Rupees in billion) 24.17 19.58 20.41 19.30 19.27 18.43 2019 2020 2021 2022 2023 2024 CAGR 4.61% 25
Slide 26: Breakup value per share
Breakup value per share as at December 31 (Rupees in million) 120.85 97.90 102.04 96.48 96.37 92.14 2019 2020 2021 2022 2023 2024 CAGR 4.61% 26
Slide 27: Solvency
Solvency 3.51 Times 2.93 2.63 Times Times Rupees in billion DEC-23 JUNE -24 DEC -24 Value of Admissible Assets 9.39 11.47 14.43 Required 3.49 3.92 4.12 27
Slide 28: Contribution to National Exchequer
Contribution to National Exchequer for the year ended December 31, 2024 Rs. 9.88 Billion Our Company's Remarkable Contribution in Taxes and Duties 28
Slide 29: Outlook Prospects-2025
OUTLOOK PROSPECTS-2025 The Company retained market leadership despite For sustained economic recovery in 2025, the economic challenges. Net premium revenue grew to Government of Pakistan plans to implement Rs. 14.5 billion, while investment income reached Rs. comprehensive reforms in taxation, energ
Slide 30: Q & A Session
30 Q & A Session GENERAL
Slide 31: How to reach us
How to reach us : +9221 32313471-90 info@efuinsurance.com efuinsurance.com /efuinsurance /efuinsurance /efuinsurancepk @efuinsurancepk 31
Slide 32: Thank You
32 THANK YOU GENERAL
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