Investor Presentaiton
Insurance business steadily improving
Operating Income decreases (33%) sequentially on
seasonality, but expands +54% 1H y/y.
Claims below (9%) q/q. The reduction continues in
COVID-19 related segments (health and life); on the
other hand, auto and p&c increased quarterly.
12,000
10,000
Retained Insurance
Premiums
8,000
Change
5,772
2Q22
1H22 yly
6,000
(Million Pesos)
Interest Income (Net)
Premium Income (Net)
Net Increase in Tech. Reserves
Cost of Aq. from Insur. Oper.
Claims
Securities-Realized Gains
q/q yly
372 18% 13%
4,361 (60%) 55%
(868) (119%) 43%
587 (20%)
3,646 (9%) 8%
6 3555% (85%)
686 17%
15,302 10%
3,654 21%
4,361
6,000
4,000
21%
1,319 19%
2,817
4,000
7,664 (7%)
Other Operating Income
Non-Interest Expense
227 1%
18%
6 (92%)
453 (2%)
2,000
2,000
Operating Income
439 (9%)
1,158 (33%)
15%
923 21%
79%
2,884 54%
0
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
2020
2021 2022
DB
Div
Rev
Dep
28
28
NIM
TI
LD
Loan
BAP
Guid
ESG
Eco
Hist
NI
ROE
ICAP
Mkt
App
C/I
2,767
10,941
4,000
-2,000
2,000
0
Technical Reserves
6,000
3,304
765
-875
-248
4,537
-1,525
-78
1,062
4.522
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
2020
2021
2022
Damages & Claims
3,674
3,321
4,119
4,884
3,390
3,570
3,901
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
2020
2021
2022
GRUPO FINANCIERO
BANORTE
4,018
3,646
-868View entire presentation