Investor Presentaiton
GT
AXA Philippines Financial Highlights
Gross Premium
Life
AXA
■ New Business -31% to Php2.4B due to ECQ
GT CAPITAL
HOLDINGS INCORPORATED
in Php Million
in Php Billion
15.0
16.7
+11%
12.2
14.1
AXA +16%
CPAIC -9%
2.8
2.5
Regular Premium (RP) -41%
Protection & Health +1%
Traditional -69%
69%
New Business Mix
17%
25%
3%
3%
48%
Unit-linked (UL)-52%
23%
11%
1H 2019
1H 2020
1H 2019
1H 2020
Net Income
+29%
1,229
1,593
AXA -23%
1,200
1,565
309
CPAIC +179%
(391)
1H 2019
1H 2020
Single Premium UL (SP-UL)+48%
Premium margins +2% to Php4.2B due to growth in SP-UL
and P&H
■ AUM-Linked Php99B -5%; Asset management fees
Php0.9B -7%
■ Unrealized gain on equities Php294 M loss
Non-life
■ GWP -32% to Php1.9B due to ECQ
■ Net income Php309M vs. net loss Php391M due to:
。 Lower net losses during ECQ Php571M, lower Rl cost
Php129M, income tax benefit Php123M, lower opex
Php 70M
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