Tpl Insurance Ltd · PSX:TPLI
Tpl Insurance — FY2022 Earnings Presentation
14 slides from Tpl Insurance's earnings presentation, Mar 17, 2023
Slide 1: Analyst Briefing
Analyst Briefing Dated: 17th March 2023 1
Slide 2: Business Updates
Business Updates 2
Slide 3: Premium Composition and Policy Composition
TPLI has gradually diversified its portfolio and achieved a 16% in the year 2022 with significant growth in digital travel segment and corporate lines of business 3,000 9% Millions PREMIUM COMPOSITION 2,500 2022 2021 Crop /Health Misc PREMIUM GROWTH Livestock10% 2% 2,000 1% 47% Fire 1,500 12% -9% Pr
Slide 4: Industry Claim Ratio
Despite significant inflationary impact and competitive market pricing, claims ratio maintained at one of the lowest in industry 48% 59% Industry Claim Ratio TPLI CLAIM INDUSTRY CLAIM RATIO RATIO TOP 10 – NEP PLAYERS 66.3% 65.8% 64.4% 64.0% 63.2% 57.1% 48.4% 47.7% 47.3% 42.7% Adamjee Jubilee EFU IGI
Slide 5: Digital Achievements
Some noteworthy achievements recorded during the year on digitization adoption which enhanced digital brand value and customer portfolio of TPLI A 28K+ 101.3M 1,478 Digital Policies Highest Motor Claims Digital Achievements Sold Digital Sales through App Platinum Drive Telematics based product Launc
Slide 6: Ongoing Initiatives
As a market disruptor, TPLI took initiatives for product development and new insurance market development A NEW PRODUCT I N I T I AT I V E S Ongoing Initiatives PLATINUM BNPL (BUY DOMESTIC SMART RIDE WOMEN DRIVE NOW, PAY BIKE SHIELD LATER) TRAVEL TELEMATICS INSURANCE PRODUCT MARKET DEVELOPMENT I N I
Slide 7: Financials
# TPL Insurance
Slide 8: Market Development - YTD Dec 2022
Market Development - YTD Dec 2022 PKR depreciated 27% during the year at Rs. 224.14 per USD (31st Dec 2021: Rs. 176.5 per USD). Discount rate was increased from 9.75% at December 2021 to 16.00% at the end of December 2022. PSX index dropped from 44,416 as of Dec-21 to 39,747 at the period endi
Slide 9: Company Updates – Equity Injection & IFS Rating
Company Updates – Equity Injection & IFS Rating As reported in the first quarter report, the Company entered into a Share Subscription Agreement and a Shareholders Agreement with FinnFund, a major development financier and impact investor, investing in responsible and profitable businesses in develo
Slide 10: Financial Results – YTD 31st December 2022
Financial Results – YTD 31st December 2022 PKR (m) TPL INSURANCE LTD GWP increased by 539m (16%) YoY has been reported. Actual PY D PY YTD NEP reported at Rs. 2,970m increased by Rs.573m GWP 3,823 3,284 539 (24% YoY). 16% NEP 2,970 2,397 573 Overall Claim ratio increased by 2% YoY. Claim ratio
Slide 11: GWP by Class of Business – YTD December 2022
GWP BY CLASS OF BUSINESS – YTD DECEMBER 2022 3% 1% Class of Business Actual Prior Year Var % 2022 2% 11% Motor Motor 2,765 2,537 228 9% Property 12% Marine Property 451 313 138 44% Health Miscellaneous 72% Agri/Livestock Marine 66 76 (10) -13% Health 397 276 121 44% 2% 0% 2021 3% 10% Motor Miscellan
Slide 12: Claim Ratio Analysis – Dec 2022
Claim Ratio Analysis – Dec 2022 100% 93% 91% 84% 80% 73% 60% 56% 52% 48% 46% 41% 43% 40% 17% 19% 20% 0% Motor Health Miscellaneous Property Marine Total CLAIM YTD CLAIM PY YTD claim ratio for motor improved by 2% at 41% (mainly due to salvage recoveries) vs PY. Flood related motor claims – net R
Slide 13: Future Outlook – 2023
FUTURE OUTLOOK – 2023 • The Company looks to continue on the path of innovation and disruption with customer centric solutions that deliver customer needs and surpass customer expectations. • We are continuously expanding our existing product base and improving customer experience with tech driven s
Slide 14: Disclaimer
Disclaimer This presentation may contain certain “forward-looking statements” with respect to TPL Insurance expectations and plans, strategy, management’s objectives, future performance, costs, revenue, earnings and other trend information. It is important to note that actual results in the future c