CY2019 amp 1HCY20 East West Insurance Company Ltd September 30 2020 Brief Overview East West Insurance Company Limited was incorporated as a public limited company in the year 1983 The shares of the Company are listed on Pakistan Stock Exchange The Company is engaged in the general insuran ID: 1029442
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1. Corporate Briefing SessionCY2019 & 1HCY20East West Insurance Company Ltd.September 30, 2020
2. Brief OverviewEast West Insurance Company Limited was incorporated as a public limited company in the year 1983. The shares of the Company are listed on Pakistan Stock Exchange. The Company is engaged in the general insurance business comprising of fire, marine, aviation and transport, motor and miscellaneous etc. The Company commenced Window Takafful Operations (WTO) from May 08, 2018 as per SECP Takaful Rules, 2012. The Company operates through 3 principal offices and 24 branches in Pakistan.
3. Management InformationBoard of DirectorsChief Justice (R) Mian Mahboob AhmedChairmanJavad YunusDirectorPervez YunusDirectorSaad YunusDirectorUmeed AnsariDirectorAhsan Mehmood Alvi, FCA (England & Wales)DirectorEngr. Kazim Raza, B. Sc (Engineering, UET)DirectorMrs. Rukhsana SaleemDirectorNaved YunusChief Executive OfficerShabbir Ali KanchwalaCompany Secretary
4. Products
5. Credit Rating: PACRA
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7. Company OfficesAgencies Network
8. Historical FinancialsRupees in Million201920182017201620152014Gross Premium Written3,4433,1252,5312,0671,7681,420Net Premium Written1,4671,4591,055981870760Invest. & Deposits1,2681,1091,1981,087898774Invest. Income / Loss23.25(9.22)(47.44)187.5133.1497.17Total Assets Book Value3,6402,9582,6892,3391,5751,399Paid Up Cap.1,029762610508452402Equity1,4251,1241,050982756665Underwriting Profit285271228181168139Profit Before Tax23514689297184172Profit After Tax18413266282131142Break up value per share13.8514.7417.2219.3216.7416.56Earning per share1.811.300.875.552.583.15Cash Dividend/Share---1.251.001.00Bonus20.0%25.0%20.0%12.5%12.5%10.0%
9. Financials: 1HCY20Rupees in MillionJune 30, 2020June 30, 2019Net Insurance Premium763798Net Insurance Claims(320)(342)Net Commission(142)(160)Insurance Claims & Acquisition Expenses(463)(503)Management Expenses(111)(125)Underwriting Results190170Results of Operating Activities172118Profit / Loss Before Tax From Window Takaful Operations6(0)Profit Before Tax178118Income Tax Expense(35)(36)Profit After Tax14382Earnings Per Share1.390.81
10. Economy6 Month KIBORPKR/USGDP CompositionGDP Growth
11. Thank YouQ & A