November 16, 2007.ppt

Index Overall Structure Pension Fund Management Annuities Insurance Assets Under Management Operating Income AUM Net Income ROE Premiums Market Share Premiums Technical Reserves Net Income ROE Premiums Technical Reserves Net Income Premiums Technical Reserves Net Income ROE Premiums Technical Reserves Net Income ROE Certain statements in this document are “forward-looking statements”. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors. Millions of Pesos Evolution of Premiums 19° 21° 9° 17° 19° 16° 14° 12° 8° 7° 6° Rank Millions of Pesos Market (Premiums) Ranking 6th Millions of pesos Premiums Market Share 1,190 1,444 528 3,337 4,269 1,943 1,478 520 4,079 1,588 1,070 461 7,198 8,044 Life Auto PC Health 2.2% Market Share 3.0% 4.5% 5.0% 4,569 1,957 955 553 Premiums Technical Reserves 4,270 2005 7,197 2006 8,044 2007e 3,629 2005 5,522 2006 7,675 2007e Million Pesos Net Income Million Pesos ROE 58% 2005 27% 2006 21% 2007e 432 2005 2006 325 2007e 325 Recurring Income Non-recurring Income 69 363 Million Pesos Income Statement Retained Premiums 3,552 5,888 66% Change in Technical Reserve 141 1,957 1283% Earned Premium 3,411 3,931 15% Investment Income 321 440 37% Other Income 263 209 (20%) Earned Income 3,994 4,580 15% Net Claim Cost 2,687 3,253 21% Net Acquisition Cost 531 583 10% Operational expenses 211 261 23% Total Expenses 3,429 4,097 19% Net Income before Taxes 566 483 (15%) Net Income 432 325 (25%) Var % 05 Vs. 06 2005 2006 Perspectives 2008 - 2010 Targets Strategies 2010 Goals 6% Market Share. Profits of over $600 million pesos. ROE close to 24%. Strategies Organic Growth in Bank Assurance in traditional products. New insurance products for SMEs. Personal line products to be sold by insurance agents. Products for the brokers channel market.