Seoul Guarantee Insurance Company · KRX:031210
Seoul Guarantee Insurance — Investor Presentation (September 2009)
15 slides from Seoul Guarantee Insurance's investor presentation, September 2009
Slide 1: Seoul Guarantee Insurance Profile
September, 2009 SEOUL GUARANTEE INSURANCE PROFILE
Slide 2: Contents
CONTENTS ABOUT US 03 FINANCIAL HIGHLIGHTS 07 BUSINESS OVERVIEW 09 INTERNATIONAL BUSINESS 13 CLAIM SERVICE 14 CONTACTS 15
Slide 3: About Us
ABOUT US • Under the approval from the Ministry of Finance in 1969, SGI was established as a specialized institution operating guarantee & credit insurance businesses. • As the market leader, SGI has been providing the most reliable guarantee services for various domestic and overseas contracts; sup
Slide 4: Board of Directors
BOARD OF DIRECTORS BOARD OF DIRECTORS Education - Ecole Nationale d’ Administration (ENA) - Hautes Etudes Commerciales (HEC) - Graduate School of NewEngland University Career - Financial Supervisory Service, Korea / Auditor - Office of the President, Korea / Administer in Secretariat for Economic Po
Slide 5: Market Share
MARKET SHARE KOREAN GUARANTEE MARKET (As of August 31, 2009) [USD billion, %] GUARANTEE SGI KHGC FNCE BANKS OTHERS TOTAL FUND EXPOSURE 150.4 114.1 107.0 111.9 46.8 36.3 566.5 M/S 26.8 20.1 18.8 19.7 8.2 6.4 100.0 *KHGC : Korea Housing Guarantee Company *FNCE (Financial Cooperatives) provides financi
Slide 6: Clients
CLIENTS COMPOSITION OF CLIENTS [As of September 30, 2009] Corporations Individuals Total No. of Contracts [million] 2.3 15.0 17.3 Percent [%] (13.1) (86.9) (100.0) Exposure [USD billion] 77.6 74.6 152.2 Percent [%] (51.0) (49.0) (100.0) Since its establishment, SGI has great relationships with major
Slide 7: Financial Highlights
FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHSTS [KRW billion] [USD million] FY2009 2Q FY2008 FY2009 2Q FY2008 Premium Income 556.9 1,064.6 472.8 903.7 Net Underwriting Profit 97.5 193.6 82.8 164.3 Net Investment Income 172.5 130.9 146.4 111.1 Net Profit 208.7 250.2 177.2 212.4 Total Assets 4,463.6 4,479.
Slide 8: Financial Strength
FINANCIAL STRENGTH CREDIT RATINGS Agency Ratings Remarks Standard & Poor's A- (stable) July 9, 2009 / Strong security Fitch Ratings A (negative) April 2, 2009 / Strong security Korea Information Service* AAA Nov. 18, 2008 / The highest ratings among the domestic non-life insurers * KIS : Korea Infor
Slide 9: Business Overview
BUSINESS OVERVIEW Concentrating on its core business of guarantees and credit insurance, SGI has written over 1 trillion Korean Won in the gross premium in FY2008. By issuing guarantees and credit insurance policies for a wide variety of business transactions, SGI aims to create value for the client
Slide 10: Contract Guarantees
CONTRACT GUARANTEES Since guarantees are a commonly required in the most types of contracts and agreements between parties, SGI is widely known to all kinds of business owners from SMEs to large corporate and government clients. SGI provides the most reliable guarantee services as the leading banks
Slide 11: Credit Insurance
CREDIT INSURANCE Since SGI launched credit insurance products in 1997, we provide coverage against receivable debt. The largest portion of SGI’s credit insurance account for consumer credit insurance which cover mortgage, mobile phones, and credit card receivables. EXPOSURE FOR CREDIT INSURANCE [USD
Slide 12: International Business
INTERNATIONAL BUSINESS • With the qualifying credit ratings and stable financial results, SGI is providing international guarantee capacity for the Korean companies abroad • SGI issue guarantees directly in favor of overseas project owners and provide guarantee services through international partner
Slide 13: Business Network
BUSINESS NETWORK Europe Germany Euler Hermes Asia China People’s Insurance Co. of China Singapore ECICS Limited France SCOR Ping An Insurance Asia Capital Reinsurance Group Coface China Continent P&C | Co. China Insurance Co. Pte. Ltd. EE an OSEMIA sealing neha First Capital Insurance Limited Nether
Slide 14: Claim Service
CLAIM SERVICE PROCESS Contractor’s Default A loss is triggered when the contractor (principal) failed to fulfill his Obligations under a contract Report a Claim The beneficiary reports a claim to the company by submitting a written notice along with the guarantee and relevant documents if required.
Slide 15: Contacts
CONTACTS Headquarters_ Overseas Offices_ Address 136-74 Yeonji-dong, Jongno-gu, Seoul 110-737 KOREA Dubai Representative Office Hwa-Tae Choi • Chief Representative Tel 82 2 3671 7000 Address Al Moosa Tower 1, Sheikh Zayed Road, Fax 82 2 3671 7400 P.O. Box 25238, Dubai, UAE http www.sgic.co.kr Tel 97
Seoul Guarantee Insurance Company — Investor Presentation (September 2009) on 6ix