2816 WWI 2017 Performance Presentation 2017/8/2

Transcription

1 2816 WWI 2017 Performance Presentation 2017/8/2

2 Disclaimer This presentation is provided by Union Insurance Co., Ltd. (WWI). WWI makes no guarantees or warranties as to the accuracy, completeness or correctness of all the material contained in this presentation. After this presentation is released to the public, WWI undertakes no obligations to update any relevant data to reflect any changes hereafter. This presentation may contain forward-looking statements. Statements that are not historical facts, including statements relating to the implementation of strategic initiatives, future business development and economic performance are forwardlooking statements, and are subject to uncertainties, risks, assumptions and other factors that could cause such statements to differ materially from actual future events or results. 2

3 Agenda Company Profile Business Overview Business Performance Financial Profile Corporate Social Responsibility Future Outlook 3

4 Company Profile

5 Company Profile 1963:Company established 1992:Listed on Taiwan Stock Exchange(code 2816) (First listed company in the non-life insurance industry) 2002:M&A China Mariners Assurance Corporation Ltd. (First M&A in the non-life insurance industry) Want-Want Group became the owner of WWI in June, 2007 with philosophy of strengthening corporate governance, promoting products and services qualities, fulfilling corporate social responsibility, and pursuing long-term and stable profits to create shareholder s utmost values as the foundation of consolidating sustainable development. 17 branches, 28 liaison offices around the country and an affiliated non-life insurance company established in Thailand in 2015, provide seamless and comprehensive service network for clients, and firmly step forward to the vision of Most Reliable Insurance Company. 5

6 Company Profile Standard & Poor's:A-;Outlook : Stable Taiwan Ratings:twAA;Outlook : Stable Fitch Ratings:A-(twAA) ;Outlook : Stable 6

7 Business Overview

8 Business Overview Written Premiums Mix Compulsory Automobile Liability 11.5% Earthquake 2.6% 2016 Fire 8.9% Engineering 3.6% Marine Cargo 1.9% Accident&Health 8.1% Aviation & Hull 2.0% Casualty Voluntary 5.2% Automobile 56.2% 8

9 Business Overview Written Premiums UNIT:NT(B)

10 Business Overview Retained Premiums UNIT:NT(B)

11 Business Overview Premiums Growth Ratio Written Premiums Retained Premiums 18.0% 16.0% 14.0% 13.2% 15.4% 13.2% 12.0% 10.0% 8.0% 7.4% 8.3% 7.9% 8.7% 6.0% 6.2% 4.0% 2.0% 3.7% 3.7% 0.0%

12 Business Overview Market Share 6.10% Market Share 6.04% 6.00% 5.90% 5.80% 5.71% 5.85% 5.84% 5.96% 5.70% 5.60% 5.52% 5.50% 5.40% 5.30% 5.20% Q2 12

13 Business Performance

14 Business Performance Revenues UNIT:NT(B)

15 Business Performance Revenues Growth Ratio Revenues Growth Ratio 18.0% 16.0% 16.4% 14.0% 12.0% 11.1% 10.0% 8.0% 6.0% 7.1% 7.5% 4.0% 2.0% 0.0% 1.7%

16 Business Performance Combined Ratio Loss Ratio Expense Ratio Combined Ratio 120% 100% % 93.45% % 94.67% 98.41% 80% 60% 66.74% 54.39% 62.87% 53.14% 57.42% 40% 20% 0% 40.76% 39.06% 39.95% 41.53% 40.99%

17 Business Performance Net Income After Tax Net Income NT(B) 5.18 Earnings Per Share NT(D)

18 Financial Profile

19 Financial Profile Balance Sheet UNIT:NT(T) Items Q1 Cash and cash equivalents 2,131, % 2,098, % 2,647, % Receivables 767, % 666, % 893, % Current tax assets 14, % 10, % 11, % Investment 5,870, % 6,436, % 6,030, % Reinsurance assets 3,974, % 4,411, % 4,673, % Property and equipment 834, % 838, % 832, % Intangible assets 101, % 101, % 94, % Deferred tax assets 3, % 1, % 1, % Other assets 773, % 853, % 838, % TOTAL ASSETS 14,470, % 15,418, % 16,023, % Accounts payables 1,175, % 1,197, % 927, % Insurance liabilities 9,408, % 10,229, % 10,900, % Reserve for insurance with nature o 44, % 44, % 44, % Other liabilities 45, % 10, % 96, % Provisions 208, % 242, % 240, % Deferred tax liabilities 64, % 63, % 63, % Total LIABILITIES 10,947, % 11,787, % 12,273, % Capital stock 2,129, % 2,129, % 2,129, % Legal reserve 243, % 292, % 292, % Special reserve 1,050, % 1,205, % 1,205, % Unappropriated retained earnings 69, % 25, % 129, % Other equity % (47,600) -0.3% (31,774) -0.2% TOTAL EQUITY 3,493, % 3,605, % 3,725, % Net vaule per share

20 Financial Profile Risk Based Capital Ratio % % % % % % % % % % % % % % Q

21 Financial Profile Income Statement UNIT:NT(T) Items YOY 2017Q1 YOY Written premiums 8,191,230 8,506, % 2,507, % Reinsurance premiums 554, , % 128, % Retained earned premiums 5,111,503 5,468, % 1,460, % Reinsurance commission received 771, , % 191, % Net income(loss) from investments (14,623) 111, % 79, % Total Operating Revenues 5,867,902 6,306, % 1,731, % Retained claim payments 2,656,643 2,887, % 737, % Total Operating Costs 4,005,919 4,406, % 1,187, % Operating Expenses 1,628,314 1,713, % 446, % Net Operating Income 233, , % 97, % Non-Operating Income and Expenses 28,545 31, % 6, % Income Tax Expense (Gain) 1,772 1, % % Net Income 260, , % 103, % Earnings Per Share (Dollars) % % 21

22 Corporate Social Responsibility

23 Corporate Social Responsibility Customer Services 2016Customer Satisfaction Benchmarking Monthly CSR Customer Experience in 2016 Monthly 0800 Average Speed to Answer in 2016 Monthly Roadside Assistance in

24 Corporate Social Responsibility Employee Care 24

25 Corporate Social Responsibility Environmental Protections 25

26 Corporate Social Responsibility Social Cares and Giving Back 26

27 Corporate Social Responsibility Social Cares and Giving Back 27

28 Future Outlook

29 Future Outlook To Strengthen Corporate Governance. To Upgrade Products and Services Quality. Innovating new products. Facilitating InsurTech adoptions (on-line service, pricing, premium collecting, and claim App etc.,). Enhancing customer satisfaction and service efficiency. To Fulfill Social Corporate Responsibility. To Pursue Long-term and Stable Profits. Creating utmost underwriting profits by escalating underwriting skills and expertise. Stablizing investment revenues by prudently select investment targets. 29

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