Company Presentation 2018 1 Jubilee General’s Corporate Head Office 2 Vision, Mission and Values Values Mission Vision • To enable people overcome uncertainty • Provide solution to protect the future • • • • Teamwork Integrity Excellence Passion 3 Jubilee World Wide PAKISTAN KYRGYZSTAN KENYA UGANDA BURUNDI TANZANIA MAURITIUS 4 Company Profile 65 years experience in handling all classes of general insurance business. One of the top three insurance companies in Pakistan. Exclusive Network Partner of AIG Global and Factory Mutual Insurance Co. (USA) taking care of local placements of their Global Accounts. Partners of Zurich Insurance, HDI Gerling, XL Catlin & Swiss Re Corporate Solutions. The first Pakistani insurance company to acquire the operations of a foreign company Commercial General Union International Insurance 5 Jubilee - Credit Rating 6 Insurer Financial Strength (IFS) Rating Highest rated by A. M. Best with ‘B+’ (Good) and Stable Outlook. (which makes Jubilee General the highest IFS rated general insurance company of Pakistan by an international rating agency. A.M. Best Company is the world’s oldest and most authoritative insurance rating source. In A. M. Best’s view, “The ratings reflect Jubilee’s solid riskadjusted capitalisation, track record of good operating performance and well-established business profile in Pakistan”). The highest rated general insurer of Pakistan with the distinction of being assigned “AA+” (Stable Outlook) rating by both PACRA and JCR-VIS. 7 Associate Companies Largest Commercial Bank of Pakistan Leading Non-Profit Organization Largest Non-Government Educational Services Pakistan’s Largest Manufacturer of Pipes A Brand of Tourism Promotion Services (TPS) Pakistan’s Largest Manufacturer of Steel Largest Private Life Insurer in Pakistan Most Reputable Hospital of Pakistan 9 Owners & Operators of Marriot & PC Chain of Hotels Recent Awards & Achievements Corporate Excellence Award in Financial Category (Best Company) for two consecutive years 2016 & 2017 by Management Association of Pakistan (MAP). The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) recognized our efforts in Insuretech by awarding Gold Medal to our unique “Motor Android App” in 2017 and to our “Motor Claims App” in 2018 respectively in General Insurance Category. CSR Insurance Journal Award 2016 For Highest Donation (2013-2015) Best Corporate Report Award for five consecutive years (2009, 2010, 2011, 2012, 2013 & 2015, 2016) in NBFI (Non Banking Financial Institution) category. Certificate of merit for best presented accounts and Corporate Governance by SAFA (South Asian Federation of Accountants) in 2009, 2010, 2011, 2012, 2013 and 2015, 2016. ISO 9001:2015 Certified. 10 Jubilee General’s Technology Initiatives Jubilee is the First General Insurer in Pakistan to Pioneer following InsureTech initiatives: 1. Crop Insurance Portal (Kashtkar) 2. Via Care (Travel Insurance) Portal 3. Motor Insurance Android Application (FPCCI’s Gold Medal Awarded in 2017) 4. Motor Insurance Online Renewal System 5. Motor Third Party Liability Insurance Online System 6. Motor Claims Online System (FPCCI’s Gold Medal Awarded in 2018) 7. Marine Cover Note Issuance Web App & Android Application 8. Online Sale of Personal Lines Products (www.getinsurance/gettakaful.pk) 11 9. Purchase Protection with Daraz.pk A Sneak Peak of Jubilee General’s Insure Tech Initiatives 12 Key Financials 13 Key Financials – Financial Data 14 Our Portfolio Mix 16 COMPARATIVE ANALYSIS OF PUBLISHED ACCOUNTS OF THREE LARGEST INSURERS OF PAKISTAN FOR LAST TEN YEARS FROM 2006 TO 2016 (AGGREGATE) 1. Gross Premium Growth % 2. Net Premium Growth % 3. Net Claims % of Net Premium 4. Expenses % of Net Premium JUBILEE GENERAL INS. CO. LTD. ADAMJEE INS. EFU GENERAL 58,794 106,024 131,967 220.88% 36.45% 103.27% 31,766 61,895 68,749 192.92% 7.16% 44.43% 18,913 40,662 40,831 60% 66% 59% 8,042 19,004 18,412 25% 31% 27% 3,091 9.73% 4,327 6.99% 6,347 9.23% 5. Net Commission % of Net Premium 6. Commission Plus Expense Ratio 35% 38% 36% 7. Combined Ratio 95% 103.4% 95.4% 8. Underwriting Profit % of Net Premium 1,719 5% (2,097) -3.4% 3,159 4.6% 9. Investment Income Investment Including Property Investment (Book Value) Return on Investment 8,058 72,835 11% 23,336 141,666 16% 17,136 173,985 10% 10. Profit / Loss Before Taxation After Taxation 10,544 8,548 21,738 20,179 25,306 21,958 11. Shareholder's Equity: Ratio of Shareholders equity to gross premium Ratio of Shareholders equity to net premium 42,352 72% 133% 124,047 117% 200% 127,024 96% 185% 20.2% 16% Return on equity 17% 17 Global Accounts Some of our Top Clients from Various Industries 23 Awards & Achievements Corporate Excellence Award 2017 in Financial Category (Best Company) 24 Awards & Achievements Best Corporate & Sustainability Report Award 2016 25 Awards & Achievements CSR Insurance Journal Award 2016 For Highest Donation (2013-2015) 26 Awards & Achievements ‘Gold Medal’ awarded by The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) in 2017 for outstanding services in Insurance (General) 27 THANK YOU 28