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Premier Insurance Limited Investor Presentation 2026
72305_rns_2026-05-20_e6a28818-6c71-42fc-b4a4-131ef493cedb.pdf
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PREMIER INSURANCE LIMITED
Corporate Briefing Session 2025
Stakeholder Briefing | May 2026
☐ Rated | Stable Outlook | PSX Listed
Confidential - Stakeholder Use Only
Prernier Insurance
Corporate Briefing 2025 | Confidential
AGENDA
Contents
Comprehensive review of Premier Insurance Limited's performance, strategy, and outlook for stakeholders.
01 Company Profile & Overview
Heritage, scale, and nationwide presence since 1952
02 Financial Performance
Comprehensive review of FY2025 results – Conventional & Takaful
03 Risk & Strategic Analysis
Identifying challenges, assessing risks, and building resilience
04 Future Strategy & Outlook
Growth roadmap, strategic priorities, and stakeholder value creation
02
Premier Insurance
01
Company Profile & Overview
Heritage, scale, and nationwide presence since 1952
Premier Insurance
Company History & Heritage
1952
Year of Establishment
The Beginning – Zahid Hussain, the 1st Governor of State Bank of Pakistan, brought together leading industrialists to establish a Pakistani insurer for a young, burgeoning economy.
Stock Exchange Listed – Premier Insurance is listed on the Pakistan Stock Exchange, having earned numerous awards.
Industry Membership – Member of the Insurance Association of Pakistan, licensed by SECP for General Insurance Business.
OUR COMMITMENT
Our business spans across the country, providing services to clients across all economic sectors and offering products in all classes of general insurance.
It is our historical practice of striving to achieve prompt settlement of even the largest claims that has allowed us to build relationships lasting generations.
With our values firmly anchored in our founders' objective of serving the nation, we are committed to maintaining and forever building upon our tradition of excellence in all that we do.
A Rated Stable Outlook
PSX Listed Pakistan Stock Exchange
SECP Licensed General Insurance
IAP Member Insurance Association
Corporate Briefing 2025 | Confidential
Premier
Insurance
Company at a Glance
| Attribute | Details | Attribute | Details |
|---|---|---|---|
| Commencement of Operations | 1952 | Headquarters | Karachi |
| Credit Rating (Long Term) | A (Stable Outlook) | Branches & Offices | 11 |
| Cities Covered | 09 | Staff Strength (Permanent) | 57 |
| Staff Strength (Contractual) | 29 | Total Staff | 86 |
| Major Shareholder | Crescent Powertech Ltd | Shareholding | 18% |
| Listing | Pakistan Stock Exchange | Regulator | SECP |
| Industry Body | Insurance Association of Pakistan | Business Type | General Insurance |
Key Highlights
73+ Years
of Service Excellence
11 Branches
Across Pakistan
A Rating
Stable Outlook
8 Product Lines
All Insurance Classes
Corporate Briefing 2025 | Confidential
Premier
Insurance
Branch Network & Product Portfolio
Branch Matrix by Province
Total Network: 11 Branches across 9 Cities & 5 Provinces
Product Lines Offered
Miscellaneous includes several lines including Engineering, Bond, Travel, Liability and Workmen Compensation. The company offers products in all classes of general insurance, serving clients across all economic sectors.
Corporate Briefing 2025 | Confidential
Premier Insurance
02
Financial Performance
Comprehensive review of FY2025 results – Conventional & Takaful operations
Premier Insurance
P&L Statement - Conventional Operations
Rupees in '000
| Profit / (Loss) Statement | Dec-25 | Dec-24 | Variance | % |
|---|---|---|---|---|
| Net Insurance Premium | 274,223 | 269,732 | 4,491 | 2% |
| Insurance Claims & Acquisition | -156,212 | -170,846 | 14,634 | -9% |
| Management Expenses | -193,605 | -234,973 | 41,368 | -18% |
| Underwriting Results | -75,594 | -136,087 | 60,493 | -44% |
| Investment Income | 233,123 | 212,301 | 20,822 | 10% |
| Rental Income | 11,904 | 4,410 | 7,494 | 170% |
| Other Income | 8,619 | 14,182 | -5,563 | -39% |
| Other Expenses | -8,077 | -7,283 | -794 | 11% |
| Results of Operating Activities | 169,975 | 87,523 | 82,452 | 94% |
| Finance Costs | -2,112 | -1,439 | -673 | 47% |
| Share of Profit from Associates | 2,594 | 14,234 | -11,640 | -82% |
| Loss before tax from WTO | -38,379 | -26,092 | -12,287 | 47% |
| Profit / (Loss) before tax | 132,078 | 77,145 | 54,933 | 71% |
| Profit / (Loss) after tax | 122,666 | 69,059 | 53,607 | 78% |
Corporate Briefing 2025 | Confidential
Premier
Insurance
P&L Statement - Takaful Operations
Rupees in '000
| Profit / (Loss) Statement | Dec-25 | Dec-24 | Variance | % |
|---|---|---|---|---|
| Contribution Earned | 188,489 | 136,148 | 52,341 | 38% |
| Less: Contribution Ceded to Retakaful | -43,746 | -32,083 | -11,663 | 36% |
| Net Contribution | 144,743 | 104,065 | 40,678 | 39% |
| Re-takaful Rebate | 9,037 | 5,922 | 3,115 | 53% |
| Net Underwriting Income | 153,780 | 109,987 | 43,793 | 40% |
| Net Claims - Reported / Settled | -165,454 | -115,073 | -50,381 | 44% |
| Reversal of Contribution Deficiency Reserve | 985 | 531 | 454 | 86% |
| Direct Expenses | -12,258 | -7,687 | -4,571 | 59% |
| Deficit before Investment Income | -22,947 | -12,242 | -10,705 | 87% |
| Investment Income | 1,629 | 1,681 | -52 | -3% |
| Other Income | 6,226 | 10,699 | -4,473 | -42% |
| Less: Modarib' s share of investment income | -2,749 | -4,335 | 1,586 | -37% |
| Deficit for the period | -17,841 | -4,197 | -13,644 | 325% |
Corporate Briefing 2025 | Confidential
Premier Insurance
Variance Analysis - Year over Year
+78%
Conventional PAT Growth
+10%
Investment income Growth
-18%
Management Expense Reduction
Key Metrics Comparison (Dec-25 vs Dec-24)
Key Insights
Positive:
- Conventional PAT surged 78% to Rs 122.7M
- Management expenses reduced by 18%
- Investment income grew 10% to Rs 233M
- Takaful contribution up 38%
Corporate Briefing 2025 | Confidential
Premier Insurance
Balance Sheet:
| Description | Dec-25 | Dec-24 | Variance | % |
|---|---|---|---|---|
| Property & Equipment | 205,772 | 206,891 | -1,119 | -1% |
| Investment properties | 349,326 | 346,939 | 2,387 | 1% |
| Investment in associate | 293,749 | 312,221 | -18,472 | -6% |
| Investment- equity securities | 1,104,950 | 940,744 | 164,206 | 17% |
| Loan & other receivables | 73,712 | 80,650 | -6,938 | -9% |
| Insurance/ Reinsurance receivables | 355,854 | 470,602 | -114,748 | -24% |
| Reinsurance recoveries against outstanding claims | 170,357 | 207,465 | -37,108 | -18% |
| Salvage recoveries accrued | 9,476 | 4,075 | 5,401 | 133% |
| Deferred commission expense | 24,626 | 18,707 | 5,919 | 32% |
| Taxation - payment less provision | 28,497 | 23,972 | 4,525 | 19% |
| Deferred taxation | 52,943 | 51,803 | 1,140 | 2% |
| Prepayments | 115,173 | 120,027 | -4,854 | -4% |
| Cash and bank | 13,920 | 54,457 | -40,537 | -74% |
| Total assets of WTO - Operator's Fund | 183,285 | 167,117 | 16,168 | 10% |
| Total assets of WTO - Participant's Fund | 373,244 | 306,258 | 66,986 | 22% |
| TOTAL ASSETS | 3,354,884 | 3,311,928 | 42,956 | 1% |
Premier Insurance Balance Sheet:
| Description | Dec-25 | Dec-24 | Variance | % |
|---|---|---|---|---|
| Ordinary share capital | 505,650 | 505,650 | 0 | 0% |
| Reserves | 1,604,439 | 1,633,291 | -28,852 | -2% |
| Accumulated losses | -817,041 | -939,890 | 122,849 | -13% |
| TOTAL EQUITY | 1,293,048 | 1,199,051 | 93,997 | 8% |
| Underwriting provisions | ||||
| Outstanding claims including IBNR | 500,876 | 490,710 | 10,166 | 2% |
| Unearned premium reserves | 271,436 | 284,803 | -13,367 | -5% |
| Unearned reinsurance commission | 25,324 | 26,133 | -809 | -3% |
| Retirement benefit obligations | 7,531 | 5,975 | 1,556 | 26% |
| Liabilities under diminishing musharka | 5,125 | 6,411 | -1,286 | -20% |
| Lease liabilities | 4,055 | 5,285 | -1,230 | -23% |
| Insurance / reinsurance payables | 505,652 | 667,741 | -162,089 | -24% |
| Other creditors and accruals | 280,213 | 233,908 | 46,305 | 20% |
| TOTAL LIABILITIES | 1,600,212 | 1,743,389 | -143,177 | -8% |
| Total liabilities of WTO- Operator's Fund | 88,380 | 63,229 | 25,151 | 40% |
| Total funds & liabilities of WTO - Participant's Fund | 373,244 | 306,258 | 66,986 | 22% |
| TOTAL EQUITY AND LIABILITIES | 3,354,884 | 3,311,928 | 42,956 | 1% |
Premier Insurance
Key Operating & Financial Data
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Paid up Capital | 505,650 | 505,650 | 505,650 | 505,650 |
| Capital reserves | 19,675 | 19,675 | 19,675 | 19,675 |
| Revenue reserves | 767,723 | 673,726 | 422,071 | 330,088 |
| Total reserves | 787,398 | 693,401 | 441,746 | 349,763 |
| Total equity | 1293,048 | 1,199,051 | 947,396 | 855,413 |
| Total assets | 3,354,885 | 3,311,928 | 2,850,378 | 2,843,926 |
| Premium written (including takaful contribution) | 844,131 | 731,294 | 700,140 | 775,187 |
| Premium written | 505,709 | 497,674 | 515,683 | 606,816 |
| Net premium | 274,223 | 269,732 | 314,859 | 288,183 |
| Investment Income | 233,123 | 212,301 | 45,685 | (3,651) |
| Impairment of financial assets | - | - | - | (49,546) |
| Profit/(loss) before tax | 132,078 | 74,225 | 16,277 | (183,075) |
| Profit/(loss) after tax | 122,666 | 69,059 | 7,938 | (190,265) |
| Return on equity* (%) | 9.84% | 6.43% | 0.88% | -17.39% |
| Book value per share** (Rs) | 25.57 | 23.71 | 18.74 | 16.92 |
| Earning/(loss) per share** (Rs) | 2.43 | 1.37 | 0.16 | (3.76) |
| Cash dividend(%) | 0.00% | 0.00% | 0.00% | 0.00% |
| Stock dividend(bonus- %) | 0.00% | 0.00% | 0.00% | 0.00% |
Premier
Insurance
Portfolio Distribution - Conventional
FY2025 Portfolio
FY2024 Portfolio
Portfolio Shift Analysis
| Segment | 2025 | 2024 |
|---|---|---|
| Fire | 40% | 30% |
| Marine | 9% | 8% |
| Motor | 18% | 15% |
| Health | 27% | 37% |
| Misc | 6% | 10% |
Key Observations: Fire & Property grew from 30% to 40%, overtaking Health. Health declined from 37% to 27%. Portfolio becoming more diversified.
Gross Written Premium by Segment (Rs '000)
Corporate Briefing 2025 | Confidential
Premier
Insurance
Portfolio Distribution - Takaful
FY2025 Portfolio
FY2024 Portfolio
Portfolio Shift Analysis
| Segment | 2025 | 2024 |
|---|---|---|
| Fire | 10% | 10% |
| Marine | 5% | 4% |
| Motor | 43% | 41% |
| Health | 41% | 44% |
| Misc | 1% | 1% |
Key Observations: Motor overtook Health as largest segment (43% vs 41%).
Motor GWP surged 50%. Portfolio concentrated in Motor+Health (84%).
Gross Written Premium by Segment (Rs '000)
Corporate Briefing 2025 | Confidential
Premier Insurance
Segment Performance - Conventional (Year Ended)
Rupees in '000
| Segment | Year | GWP | Net Premium | Net Claims | Commission | Result Before Management expenses |
|---|---|---|---|---|---|---|
| Fire & Property | 2025 | 200,948 | 30,799 | -21,965 | 18,116 | 26,950 |
| 2024 | 150,142 | 5,571 | 26,221 | 6,395 | 38,187 | |
| Marine | 2025 | 45,383 | 13,352 | -2,161 | 8,836 | 20,027 |
| 2024 | 40,909 | 6,661 | -226 | 5,447 | 11,882 | |
| Motor | 2025 | 92,099 | 79,579 | -36,892 | -6,092 | 36,595 |
| 2024 | 75,958 | 71,827 | -17,436 | -4,589 | 49,802 | |
| Health | 2025 | 135,249 | 132,520 | -101,179 | -366 | 30,975 |
| 2024 | 181,965 | 161,623 | -158,912 | -3,093 | -382 | |
| Misc. | 2025 | 32,031 | 17,975 | -5,262 | 4,648 | 17,361 |
| 2024 | 48,700 | 24,051 | -4,424 | -4003 | 15,624 |
Corporate Briefing 2025 | Confidential
Premier Insurance
Segment Performance - Takaful (Year Ended)
Rupees in '000
| Segment | Year | GWP | Net Premium | Net Claims | Rebate | Result Before Management expenses |
|---|---|---|---|---|---|---|
| Fire & Property | 2025 | 34,431 | -2,814 | 422 | 5,588 | 3,196 |
| 2024 | 22,832 | -881 | -2,194 | 3,386 | 311 | |
| Marine | 2025 | 16,501 | -374 | 692 | 2,587 | 2,905 |
| 2024 | 9,477 | -927 | -803 | 1,597 | -133 | |
| Motor | 2025 | 145,588 | 61,196 | -52,171 | 139 | 9,164 |
| 2024 | 96,887 | 49,384 | -30,836 | 512 | 19,060 | |
| Health | 2025 | 137,411 | 86,921 | -114,218 | - | -27,297 |
| 2024 | 102,111 | 59,758 | -80,965 | - | -21,207 | |
| Misc. | 2025 | 4,490 | -185 | -180 | 723 | 358 |
| 2024 | 2,313 | -3,269 | -275 | 427 | -3,117 |
Corporate Briefing 2025 | Confidential
Premier Insurance
Rupees in '000
Balance Sheet Highlights
| Item | Dec-25 | Dec-24 |
|---|---|---|
| Paid-up Capital | 505,650 | 505,650 |
| Capital Reserves | 19,675 | 19,675 |
| Revenue Reserves | 767,723 | 673,726 |
| Total Reserves | 787,398 | 693,401 |
| Total Equity | 1,293,048 | 1,199,051 |
| Total Assets | 3,354,884 | 3,311,928 |
Equity Composition (Dec-2025)
1,293M
Total Equity (+8%)
3,355M
Total Assets (+1%)
768M
Revenue Reserves (+14%)
506M
Paid-up Capital
Key Insight: Equity growth of 8% (Rs 94M increase) was driven entirely by retained earnings accumulation in revenue reserves (+14%). The company maintains a strong capital base with paid-up capital unchanged at Rs 505.7M. Total assets grew marginally by 1% to Rs 3.35B, reflecting stable balance sheet management.
Corporate Briefing 2025 | Confidential
Premier Insurance
03
Risk & Strategic Analysis
Identifying challenges, assessing risks, and building resilience
Premier
Insurance
Key Risks & Challenges
Market / Underwriting Risk
Claims inflation pressure across all segments. Competitive pricing environment squeezing margins. Health segment claims ratio remains elevated at 76%.
Investment Risk
Market volatility affecting Rs 233M investment income (87% of PBT). Concentration in fixed income and equity markets. Interest rate sensitivity.
Regulatory Risk
SECP compliance requirements evolving. IFRS 17 implementation pending. Capital adequacy standards may tighten. Regulatory reporting burden increasing.
Operational Risk
Branch expansion execution risk. Talent retention in competitive market. Technology infrastructure modernization needs. Business continuity planning.
Corporate Briefing 2025 | Confidential
Premier Insurance
04
Future Strategy & Outlook
Growth roadmap, strategic priorities, and stakeholder value creation
Premier
Insurance
Strategic Priorities & Future Plans
01
Portfolio Restructuring
Phase out unprofitable customer accounts. Focus on high-margin segments. Rebalance Fire & Property portfolio. Optimize Health segment claims ratio.
02
Cost Optimization
Continue 18% management expense reduction trajectory. Process automation and efficiency gains. Centralized operations model. Lean organizational structure.
03
Market Expansion
Grow market share through targeted marketing. Expand Takaful operations (45% GWP growth). New customer acquisition in underserved segments.
04
Digital Transformation
Technology-driven operational efficiency. Digital claims processing platform. Online customer portal. Data analytics for underwriting precision.
05
Capital Management
Maintain strong equity base (Rs 1.298). Optimize capital allocation. Maintain A credit rating. Sustainable dividend policy.
Management Outlook Statement
"Although challenges remain, we feel that the Company is now poised for growth as the management continues its marketing efforts to gain market share. Our organization remains committed to capitalize on new opportunities. Our ongoing goals focus on enhancing revenue and profitability through strategic restructuring and cost reduction initiatives. Efforts to restructure the portfolio by phasing out unprofitable customers continue. We remain hopeful to improve our results translating into better value for our stakeholders."
GWP Growth: 12-15% p.a.
Expense Ratio: <55%
ROE Target: 15%+
Takaful BE: 2026
Corporate Briefing 2025 | Confidential
Premier
Insurance
Growth Roadmap & Initiatives
Phase 1: 2025-2026
Phase 2: 2026-2027
Phase 3: 2027-2028
Phase 4: 2028-2030
| Foundation | Digitalization | Expansion | Market Leadership |
|---|---|---|---|
| • Complete portfolio restructuring | |||
| • Phase out unprofitable accounts | |||
| • Achieve 18% cost reduction | |||
| • Takaful breakeven target | |||
| • Digital platform launch | • Full digital platform rollout | ||
| • Branch optimization | |||
| • Online claims processing | |||
| • Customer self-service portal | |||
| • Data analytics deployment | • New product line launches | ||
| • Geographic expansion | |||
| • Takaful market leadership | |||
| • Strategic partnerships | |||
| • Bancassurance channel | • Top 5 general insurer position | ||
| • Diversified revenue streams | |||
| • Regional expansion | |||
| • Technology leadership | |||
| • ESG integration | |||
| KPI: PAT Rs 130M+ | KPI: PAT Rs 160M+ | KPI: PAT Rs 195M+ | KPI: PAT Rs 250M+ |
Corporate Briefing 2025 | Confidential
Premier Insurance
Stakeholder Value Proposition
Investment Thesis
Strong Equity Base: Rs 1.29B total equity with 8% YoY growth provides solid financial foundation and risk absorption capacity.
Profitable Operations: Conventional PAT of Rs 122.7M (+78%) demonstrates core business strength.
A-Rated Stable: Credit rating of "A" with stable outlook validates financial strength.
73+ Years Heritage: Established since 1952 with generational client relationships.
Growth Catalysts
Portfolio Optimization: Restructuring to phase out unprofitable accounts, focus on high-margin segments. Expected 5-8pp combined ratio improvement.
Digital Transformation: Technology investments to drive efficiency, reduce expense ratio, improve customer experience.
Takaful Growth: 45% GWP growth shows strong demand. Path to breakeven by 2026.
Market Expansion: 11 branches provide platform for organic growth and market share gains.
| 1.29B | 122.7M | A | 844M | 12.5% |
|---|---|---|---|---|
| Total Equity | Conventional PAT | Credit Rating | Combined GWP | Return on Equity |
Risk-Adjusted Outlook
Well-capitalized with improving efficiency metrics and strategic restructuring underway. The company is positioned for sustainable growth with a clear path to enhanced profitability. Key risks include Takaful deficit management and investment market volatility, both being actively addressed through portfolio optimization and diversification strategies.
Corporate Briefing 2025 | Confidential
Premier Insurance
Thank You
Premier Insurance Limited
Committed to Excellence Since 1952
Questions & Discussion
- ☐ Headquarters: Karachi
-
11 Branches Nationwide
-
www.premierinsurance.com
- PSX Listed | A Rated
Member - Insurance Association of Pakistan | SECP Licensed
Confidential - Stakeholder Use Only | Corporate Briefing 2025