Insights into Habib Insurance: Legacy, Leadership, and Recognition

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Explore the rich history and offerings of Habib Insurance, one of Pakistan's oldest companies established in 1942. Delve into their management structure, credit ratings, product portfolio, and awards. Discover the company's commitment to integrity, trust, and excellence in the insurance industry.

  • Insurance
  • Pakistan
  • Habib
  • Management
  • Awards
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  1. Corporate Briefing Session November 12, 2019 Habib Insurance

  2. Brief Overview Habib Insurance is one of the oldest insurance companies in Pakistan. It was established in Bombay in 1942 and moved its Head Office to Karachi in 1947. Over the years, the company has continued to prosper, serving its honorable clientele by maintaining a culture of integrity & trust. Habib Insurance offers a range of general insurance services including Property, Marine, Motor, Engineering & Travel. The Company celebrated its 75 years in 2017 and is one of the oldest running business of the Habib Group. Habib Insurance

  3. Management Information Board of Directors Rafiq M. Habib Chairman Abbas D. Habib Director Mansoor G. Habib Director Mohamedali R. Habib Director Qumail R. Habib Director Aun Mohammad A. Habib Executive Director Shahid Ghaffar Director Shabbir Gulamali Chief Executive Murtaza Hussain Chief Financial Officer Muhammad Maaz Akbar Company Secretary Audit Committee Shahid Ghaffar Chairman Mansoor G. Habib Member Qumail R. Habib Member Habib Insurance

  4. Management Information Ethics, Nomination, Human Resource & Remuneration Committee Shahid Ghaffar Chairman Qumail R. Habib Member Aun Mohammad A. Habib Member Investment Committee Shahid Ghaffar Chairman Mansoor G. Habib Member Qumail R. Habib Member Aun Mohammad A. Habib Member Shabbir Gulamali Member Murtaza Hussain Member Auditors KPMG Taseer Hadi & Co., Chartered Accountants Habib Insurance

  5. Credit Rating PACRA Ratings June 13, 2019 Habib Insurance

  6. Our Products (Conventional) Property Marine Motor Engineering Miscellaneous Travel Habib Insurance

  7. Our Products Our product portfolio also includes a Takaful Window Habib Insurance

  8. Awards & Recognitions Twelve times Top 25 Companies Award by Pakistan Stock Exchange (Former Karachi Stock Exchange) including for eight consecutive years from 1979 to 1986 and for the years 1993, 1995, 1997 and 2014. Habib Insurance

  9. Economy 6 Month KIBOR PKR/US$ 14% 160 140 10% 120 5% 100 Sep-17 Sep-17 Sep-18 Sep-18 Nov-18 Nov-18 Jul-17 Nov-17 Jul-17 Nov-17 Jul-18 May-19 Jul-18 May-19 Jan-19 Jan-19 May-18 May-18 Jan-18 Jan-18 Mar-19 Mar-18 Mar-19 Mar-18 GDP Composition 10,000 GDP Growth 7% 8,000 6,000 4,000 5% 2,000 - 2% Jun-14 Jun-16 Jun-17 Jun-18 Jun-19 Jun-15 Jun-15 Jun-14 Jun-16 Jun-18 Jun-19 Jun-17 Serv. (PKR.Bn) Ind. (PKR.Bn) Agri (PKR.Bn) Habib Insurance

  10. Market Share Pakistan Insurance Sector Habib 1.92% Others 38.27% Top 3 Companies 59.81% Habib Insurance

  11. Pakistan Insurance Sector Despite volatility in the domestic financial markets, which affected investment income from equity securities, the insurance sector performed well in CY18. Equity for the industry has increased by 5.87% to PKR 119bn in CY18 as insurers tried to comply with the enhanced regulatory paid-up capital requirements. Asset base for the non-life sector grew from PKR191bn in CY17 to PKR196bn in CY18 mainly due to an increase of 46.81% in investments in term deposits to the tune of PKR12 billion in CY18. Non-Life sector has witnessed a slight increase in Profitability to PKR12 billion for the year ended December 31, 2018. Net Claims for the Non-life sector grew by 10.06 percent to PKR23 billion in CY18 mainly due to an increase in Claims against the Motor segment of less than PKR1 billion. The sector witnessed a 6.45 percent increase in Gross Premiums to PKR79 billion in CY18 with Fire & Property Damage and Motor segments being the main contributors of growth. Habib Insurance

  12. Financial Snapshot-CY18 PKR Million (Except per share) 2018 2017 YoY Gross insurance premium/ Contribution 1,345.44 1,163.37 15.7% Net insurance premium/ Contribution 532.60 555.98 -4.2% Net Insurance/ Takaful Claim 313.99 373.72 -16.0% Investment Income 197.38 215.22 -8.3% Profit After Tax 105.31 109.96 -4.2% Paid Up Capital 619.37 619.37 0.0% Reserves & Retained Earning 719.19 816.25 -11.9% Total Assets 3,282.40 3,276.06 0.2% DPS 15% 15% - Stock Dividend - - - Habib Insurance

  13. Financial Snapshot-9MCY19 PKR Million (Except per share) 9MCY19 9MCY18 YoY Gross insurance premium/ Contribution 1,236.64 958.24 29% Net insurance premium/ Contribution 573.91 382.71 50% Net Insurance/ Takaful Claim 327.64 226.31 45% Investment Income 70.33 161.37 -56% Profit After Tax 53.12 86.67 -39% Paid Up Capital 619.37 619.37 0% Reserves & Retained Earning 460.18 815.30 -44% Total Assets 3,296.89 3,497.19 -6% DPS - - - Stock Dividend - - - Habib Insurance

  14. Business Review-CY18 P&L (PKR Million) 2018 2017 YoY Net insurance premium/ Contribution 532.60 555.98 -4% Net Insurance Claim/ Takaful Claim 313.99 373.72 -16% Net Commission Income 78.42 59.25 32% Management expenses 253.07 245.49 3% Underwriting results 44.92 16.37 - Investment income & other Income 206.06 223.07 -8% Other expenses -89.50 -76.45 17% Results of operating activities 164.65 162.98 1% Financial charges -3.79 -0.24 - Profit before tax from General Insurance Operations 160.86 162.74 -1% Profit /(Loss) before tax from Window Takaful Operations - Operator s Fund -2.95 - - Profit before tax for the year 157.92 162.74 -3% Profit after tax for the year 105.31 109.96 -4% Habib Insurance

  15. Business Review-9MCY19 P&L (PKR Million) 9MCY19 9MCY18 YoY Net insurance premium/ Contribution 573.91 382.71 50% Net Insurance Claim/ Takaful Claim 327.64 226.31 45% Net Commission Income 34.05 51.71 -34% Management expenses 217.18 181.93 19% Underwriting results 55.75 26.19 - Investment income & other Income 90.42 167.23 -46% Other expenses -83.47 -67.65 23% Results of operating activities 69.86 125.77 -44% Financial charges -10.33 -2.12 - Profit before tax from General Insurance Operations 59.53 123.65 -52% Profit /(Loss) before tax from Window Takaful Operations - Operator s Fund 6.61 - Profit before tax for the period 66.14 123.65 -47% Profit after tax for the period 53.12 86.67 -39% Habib Insurance

  16. Business Review Gross Written Premium (Million) 1600 1,401 1,345 1400 1,163 1,123 1200 1,009 963 1000 800 600 400 200 0 2014 2016 2018 2013 2015 2017 Habib Insurance

  17. Business Review Equity (Million) 1500 1,117 900 816 1000 719 541 530 500 0 2013 2014 2015 2016 2017 2018 Assets (Million) 3,665 4000 3,299 3,282 3,276 2,851 2,238 2000 0 2013 2014 2015 2016 2017 2018 Habib Insurance

  18. Corporate Payouts Year Cash Bonus 2018 15% - 2017 15% - 2016 35% - 2015 35% - 2014 40% - 2013 25% 25% 2012 35% - 2011 25% 10% 2010 25% 12.50% 2009 35% - Habib Insurance

  19. Future Outlook Focus on cautious underwriting with increase in underwriting profit. Being conservative on equity market. Habib Insurance

  20. Thank You Q&A Habib Insurance

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