Atlas Financial — Investor Presentation (November 2022)
20 slides from Atlas Financial's investor presentation, Nov 14, 2022
Slide 1: Investor Presentation November 2022
Investor Presentation November 2022 Atlas Financial Holdings, Inc.
Slide 2: Forward-Looking Statements
Atlas Financial Holdings. – November 2022 2 This presentation includes forward-looking statements regarding the Company, its subsidiaries and businesses. Such statements are based on the current expectations of the management of each entity. The words "anticipate", "expect", "believe", "may", "shoul
Slide 3: About Atlas: Focused on "light" commercial auto
Atlas Financial Holdings. – November 2022 3 F o c u s e d o n “ l i g h t ” c o m m e r c i a l a u t o The primary business of Atlas is commercial automobile insurance in the United States, with a niche market orientation and focus on insurance for the “light” commercial automobile sector including
Slide 4: Atlas Strategic Focus
Atlas Financial Holdings. – November 2022 4 Atlas Strategic Focus Strategic Realignment Vision To always be a preferred specialty transportation related insurance business that delivers benefit to all stakeholders by leveraging technology, analytics, expertise, partnerships and capital resources. •
Slide 5: Explaining the MGA Model
Atlas Financial Holdings. – November 2022 5 Explaining the MGA Model Knowledge: Managing General Agent Insureds seeking coverage for commercial auto needs (typically individuals and smaller fleets of drivers) Insureds Agents / Brokers MGA Carriers Independent agents seeking options for insureds in o
Slide 6: Strategic Focus and Key Atlas Assets
Atlas Financial Holdings. – November 2022 6 Strategic Focus • Leverage heritage in specialty market • Utilize Atlas’ systems and MGA resources (“AGMI”) • Existing distribution channel cultivated over decade (430+ independent producers) • Re-capture legacy $200+ million book of business in public aut
Slide 7: Industry Activity Update – Chicago & Nevada
Atlas Financial Holdings. – November 2022 7 Industry Activity Update – Chicago & Nevada Current Market Recovery Public Auto COVID Impact/Recovery • Part-time TNC relatively flat while Taxi/Livery continues to show recovery − Chicago TNC: 5,830k trips in August 2022, a 4% decrease from last month and
Slide 8: Industry Activity Update – New York & San Francisco
Atlas Financial Holdings. – November 2022 8 Industry Activity Update – New York & San Francisco Current Market Recovery Certain jurisdictions show a reduction in trips which may be slowing the deployment of new vehicles, but does not appear to be resulting in vehicles being taken out of service Brok
Slide 9: Industry Activity Update – Chicago
Atlas Financial Holdings. – November 2022 9 Industry Activity Update – Chicago Current Market Recovery Taxis are being put into service at a rate similar to demand for both Taxi and TNC rides Data Source: City of Chicago https://data.cityofchicago.org/Transportation/Transportation-Network-Providers-
Slide 10: Business Activity Update
Atlas Financial Holdings. – November 2022 10 Business Activity Update Market Recovery Nationwide submissions and policy issuance generally follows Chicago taxi trip trend. OMNICRON SURGE Taxi and Livery business is continuing to show an improved hit ratio. We ultimately expect this to settle in a ra
Slide 11: Initial Indications of Recovery
Atlas Financial Holdings. – November 2022 11 Initial Indications of Recovery Market Recovery Beginning to see sequential increases Data as of November 9, 2022 Data as of November 9, 2022
Slide 12: Industry Activity Update – Vision
Atlas Financial Holdings. – November 2022 12 Industry Activity Update – Vision Current Market Recovery Delivery (Full- and Part-Time) TNC (Full- and Part-Time) FuturePresentPast Limo/ Livery (Full-Time) Delivery (Full-Time) TNC (Part-Time) Limo/ Livery (Full-Time) Taxi (Full-Time) Taxi (Full-Time) P
Slide 13: Financial Statements – Financial Position
Atlas Financial Holdings. – November 2022 13 Financial Statements Please refer to Form 10-Q filed in November 2022 for additional detail Consolidated Statements of Financial Position See accompanying Notes to Consolidated Financial Statements on the latest Form 10-Q.
Slide 14: Financial Statements – Statements of Operations
Atlas Financial Holdings. – November 2022 14 Financial Statements Please refer to Form 10-Q filed in November 2022 for additional detail Consolidated Statements of Operations See accompanying Notes to Consolidated Financial Statements on the latest Form 10-Q.
Slide 15: Financial Statements – Key Operating Metrics
Atlas Financial Holdings. – November 2022 15 Financial Statements Please refer to Form 10-Q filed in November 2022 for additional detail Key Operating Metrics See accompanying Notes to Consolidated Financial Statements on the latest Form 10- Q. Reduction in AGMI Operating Expenses Anticipated sale i
Slide 16: Significant Near-Term Opportunity: Recapturing Historic Business
Atlas Financial Holdings. – November 2022 16 Significant Near-Term Opportunity Recapturing Historic Business Policy Comparison (as of Q3 2022) • Overall Submissions/Quotes are at only 11% of 2018 • Policies Issued in active states with limits equal to or under $1 million in 2021/22 vs 2018 • 28% of
Slide 17: Market Conditions Changing
Atlas Financial Holdings. – November 2022 17 Market Conditions Changing Market Dynamics Multiple quarters of significant rate increases in commercial auto Source: CIAB Q4‘ 21 Market Survey $53 Billion Addressable Market Poised for Disruption
Slide 18: Recovering from COVID-19 and Beyond
Atlas Financial Holdings. – November 2022 18 Recovering from COVID-19 and Beyond Market Evolution Manage through the Pandemic Public Automobile and Ride- sharing companies were impacted as mandated lock- down restrictions were in place and rides fell >90% New Normal Ride-sharing has continued to ret
Slide 19: Focused Approach to Disrupt Large Market
Atlas Financial Holdings. – November 2022 19 Focused Approach to Disrupt Large Market Strategic Realignment $53 Billion Addressable Market Poised for Disruption in U.S. Immediate Focus $2.5 - $3 billion “traditional” public auto niche • Atlas’ market share was approximately 12% - 15% in 2018 • $285
Slide 20: Corporate Headquarters and Investor Relations
Atlas Financial Holdings, Inc. 953 American Lane, 3rd Floor Schaumburg, IL 60173 Corporate Headquarters Scott D. Wollney President & Chief Executive Officer Paul A. Romano Vice President and Chief Financial Officer Joseph R. Shugrue Vice President and Chief Operating Officer Executive Officers Karin
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