Efu General Insurance Ltd. · PSX:EFUG
Efu General Insurance — Investor Presentation (March 2024)
24 slides from Efu General Insurance's investor presentation, Mar 28, 2024
Slide 1: Corporate Briefing Session
Corporate Briefing Session 28 March 2024 EFU GENERAL INSURANCE LIMITED
Slide 2: Agenda
AGENDA Company Review Awards Financial Highlights December 2023 Contribution to Exchequer Prospects for 2024
Slide 3: About Us
ABOUT US ⁻ Incorporated in 1932. ⁻ Listing with the Stock Exchange 1949 ⁻ Company was allowed to undertake window takaful operations on 16 April 2015. ⁻ EFU General is the most experienced Non-Life Insurance Company and market leader in Pakistan. ⁻ Paid up Capital Rs. 2 billion. ⁻ Subsidiary EFU Lif
Slide 4: About Us
ABOUT US ⁻ Reinsurance arrangements with : • Allianz SE Reinsurance • Lloyds of London • Hannover Ruck SE • Swiss Reinsurance • Korean Reinsurance • SCOR Reinsurance Asia ⁻ Premium underwritten-December 31,2023 Rs. 41.52 Billion. ⁻ EFU Group’s Premium-December 31,2023 Rs. 80.37 Billion. Insurance Fi
Slide 5: Product Portfolio
PRODUCT PORTFOLIO EFL le E r « miscettancous—“— INSURANCE = S = roe
Slide 6: Value Added Services
Value Added Services Our Company is continuously improving its systems and getting a competitive edge by introducing various online services to facilitate our customers: • Introduced e-Verify for policy and certificate verification. • Launched online e-Cover for marine cargo cover notes. • Offered o
Slide 7: Awards and Recognition
AWARDS AND RECOGNITION Our dedication to excellence is also mirrored in the awards and accolades we receive each year. Some of received in 2023 are being presented here. 13th Annual 15th Corporate Fire Safety Social 13th Executive Awards 2023 Responsibility Green Supply Responsibility Award Chain Aw
Slide 8: Awards and Recognition
AWARDS AND RECOGNITION ISO 9001:2015 Certification International EFU General is proud of having Solar clean received the Certification of energy award Registration of ISO 9001:2015 Brand Icon of which is an ongoing quality Pakistan 2022 2023 National assessment of brands. EFU Brand Forum for proved
Slide 9: Vision, Mission and Core Values
MISSION VISION To provide services beyond expectation with a will to go To continue our journey to be better than the best. an extra mile. In the process, continue to upgrade technology, human resource and reinsurance protection. Ø Professionalism We believe professionalism is perfection. Business O
Slide 10: Branch Network
Branch Network 47 Branches throughout Pakistan
Slide 11: Key Highlights December 2023
KEY HIGHLIGHTS DECEMBER 2023 GROSS PREMIUM INVESTMENT & TOTAL (Including takaful contribution) OTHER INCOME ASSETS 41.52 3.89 67.51 (Rupees in Billion) (Rupees in Billion) (Rupees in Billion) CLAIM PAID PROFIT AFTER TAX INVESTMENT & 7.81 3.28 PROPERTIES (Rupees in Billion) (Rupees in Billion) 29.77
Slide 12: Financial Performance at a Glance
FINANCIAL PERFORMANCE AT A GLANCE
Slide 13: Segment Wise Written Premium 2023
Segment Wise Written Premium for the Total year ended December 31, 2023 Rs. 41.52 Billion 7% 5% 10% 5% 7% 66% Property Marine Aviation Motor Others Takaful
Slide 14: Segment Wise Net Premium 2023
Segment Wise Net Premium for the year Total ended December 31, 2023 Rs. 12.39 Billion 10% 43% 31% 16% Property Marine Motor Others
Slide 15: Class wise Net Claims for the year ended December 31
Class wise Net Claims for the year ended December 31 Rupees in billion Increase/ 2023 2022 (Decrese) Property 2.00 2.19 (9) Marine 0.71 0.78 (9) Motor 1.81 1.87 (3) Miscellaneous 0.60 0.76 (21) Total 5.12 5.60 (9)
Slide 16: Profit & Loss Account for the year ended December 31
Profit & Loss Account for the year ended December 31 Rupees in billion Financial Indicators 2023 2022 Written Premium 41.52 31.96 Net Insurance Premium 12.39 10.29 Underwriting Results 1.65 0.07 Investment, Rental and other Income 3.19 2.29 Profit from Window Takaful Operations 0.70 0.39 Profit afte
Slide 17: Financial Ratios for the year ended December 31
Ratios for the year ended December 31 2023 2022 Financial Ratios % % Written Premium Growth 30 30 Claims Ratio 41 54 Combined Ratio 89 100 Return on Equity 15 10 Return on Asset 5 4
Slide 18: Solvency as at December 31
Solvency as at December 31 Rupees in billion 2022 2023 Minimum Solvency 2.73 3.50 Net admissible assets 7.17 9.39
Slide 19: Shareholders Equity as at December 31
Shareholders Equity as at December 31 Rupees in billion 20.41 18.43 2022 2023
Slide 20: Investments, Properties and Total Assets as at December 31
Investments, Properties and Total Assets as at December 31 Rupees in billion Investment & Properties Total Assets 2022 30.86 56.62 2023 33.25 67.51
Slide 21: Consolidated Accounts as at December 31
Consolidated Accounts as at December 31 Rupees in billion Financial Indicators 2023 2022 Written Premium (Including takaful Contribution) 75.87 68.55 Net Insurance Premium 48.75 48.72 Profit after tax 4.16 1.13 Earning per share after tax - Rupees 16.37 2.11 Equity Securities 28.60 23.29 Debt Securi
Slide 22: Contribution to Exchequer
Contribution to Exchequer as of December 31, 2023 Rs. 8.01 Billion Our Company's Remarkable Contribution in Taxes and Duties
Slide 23: Outlook Prospects-2024
OUTLOOK PROSPECTS-2024 Pakistan's economy suffered recession in the Pakistan's economy suffered a recession in the fiscal fiscal year 2023 due to various domestic and year 2023 due to various domestic and external external shocks, causing high inflation and shocks, causing high inflation and volatil
Slide 24: How to reach us
How to reach us : +9221 32313471-90 [email protected] efuinsurance.com /efuinsurance /efuinsurance /efuinsurancepk @efuinsurancepk
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