Db Insurance Co. Ltd · KRX:005830
Db Insurance — FY2018 Earnings Presentation
17 slides from Db Insurance's earnings presentation, Feb 21, 2019
Slide 1: 2018 Financial Results and 2019 Business Strategy
DB Insurance The new name of Dongbu Insurance 2018 Financial Results 2018 경영실적&및 2019 경영전망 2019 Business February 21,Strategy 2019 February 21, 2019 copyright(c) 2017 All rights reserved. www.idbins.com
Slide 2: Disclaimer
Disclaimer This material was prepared for the convenience of investors and based on the figures herein have not yet completed full review by external auditors. It may contain forward looking statements including, without limitation, projections about future financial and operational results. This fo
Slide 3: Contents
Contents Ⅰ. 2018 Key Performance 1. 2018 Key Financials 2. 2018 Key Results - Auto - Long-term - Asset Management Ⅱ. 2019 Business Outlook 1. Business Environment and Strategic Direction 2. 2019 Business Strategy - Auto - Long-term - Commercial - Investment DB Insurance 3
Slide 4: Ⅰ. 2018 Key Performance
Ⅰ. 2018 Key Performance 1. 2018 Key Financials 2. 2018 Key Results - Auto - Long-term - Asset Management
Slide 5: 2018 Key Financials
Ⅰ. 2018 Key Financials [\ bn, %, %p] FY'17 FY'18 YoY Direct Premium Written1) 12,368 12,449 0.7% Loss Ratio 82.3 83.4 1.1%p Expense Ratio 19.2 19.5 0.3%p Combined Ratio 101.5 102.8 1.3%p Investment Yield 3.46 3.31 0.15%p Net Profit before Tax 827.3 710.6 -14.1% Net Profit 622.0 514.7 -17.3% Total As
Slide 6: Worsened C/R
Ⅱ. 2018 Key Results Worsened C/R Increasing underwriting losses due to worsened loss & expense ratio L/R E/R C/R (unit: %, \ bn) -2.3%p +1.1%p +1.0%p +0.3%p -1.3%p +1.3%p 84.6 19.5 102.8 102.8 19.2 83.4 82.3 18.2 101.5 2016 2017 2018 2016 2017 2018 2016 2017 2018 [ Auto L/R ] [ Long-term L/R ] [ C
Slide 7: Auto L/R
Ⅱ. 2018 Key Results Auto L/R Auto loss ratio increased by 6.6%p YoY due to a significant reduction of earned premium per vehicle Earned Premium per vehicle Accident Rate per policy Loss Amount per accident (unit : \ k ) (unit: %) (unit: \ k ) L/R Impact 3.0%p↑ 1.3%p↑ 2.3%p↑ (as of ’18) 2,509 790 2
Slide 8: Long-Term risk L/R
Ⅱ. 2018 Key Results Long-Term risk L/R Stabilized L-T risk loss ratio due to the benefit from expanded coverage of NHI* *National Health Insurance L-T Risk Loss Ratio (incl. IBNR) Loss Ratio Trends by coverage 118.2% 111.3% 111.4% 76.3% 77.4% 76.2% 87.6% 83.5% 83.4% 51.6% 52.8% 56.2% 2016 2017 201
Slide 9: ALM
Ⅱ. 2018 Key Results ALM Strengthened ALM strategy preparing for regulation changes Bonds Duration & Asset & Liability D Gap Running Yield on Interest-bearing Assets (unit : yr, %) (unit : yr) Asset D Liab. D 9.73 8.32 ) 6.28 9.12 8.38 ‘16.12 ’17.12 ’18.3 ‘18.6 ‘18.12 5.70 L-T New Premium P/F Impro
Slide 10: Capital
Ⅱ. 2018 Key Results Capital Predictable dividend policy to be continued under strong capital adequacy RBC Ratio Payout Raito (unit : \ bn, %) (unit : \ bn, %, \) Equity RBC (Consolidated) RBC (Stand alone) Net Income Payout Ratio 4,910 4,416 622 3,964 514 470 24.6 228.5 243.8 23.4 197.8 22.2 201.6
Slide 11: Ⅱ. 2019 Business Outlook
Ⅱ. 2019 Business Outlook 1. Business Environment and Strategic Direction 2. 2019 Business Strategy - Auto - Long-term - Commercial - Investment
Slide 12: Business Environment and Strategic Direction
1. Business Environment and Strategic Direction Business Environment Strategic Direction Enrichment of Enterprise Values [Economy] Concerns about recession & uncertainty based on efficient management - Increase uncertainties due to U.S. & China trade disputes - Growing household debt and shrinking o
Slide 13: 2019 Business Strategy: Auto
2. 2019 Business Strategy Auto ▌Improve loss ratio by strengthening company-wide collaboration Business Plan L/R (Unit: %) ■ Improve profitability by imposing appropriate rate 87.2 Product - Timely & appropriate rate adjustment in case of rising insurance costs - Enhance segmentation of risk/rate fa
Slide 14: Business Strategy: Long-term
2. 2018 Business Strategy Long-term ▌Expansion of market dominance with profitability Business Plan New Premium* (Unit: \ 100mn) ■ Improve product P/F through refining NCV(New contract value) *Protection type Products - Enhance product analysis & profitability evaluation 78.0 (Marketing) - Systemati
Slide 15: Business Strategy: Commercial
2. 2018 Business Strategy Commercial ▌Achieve stable growth & maximize profit Business Plan M/S & L/R (unit: %) ■ Excavate value market and establish a solid profit structure 16.8 Domestic - Expand new market by through government mandatory M/S insurance & developing new areas 67.5 L/R - Manage prof
Slide 16: Business Strategy: Investment
2. 2018 Business Strategy : ④ Investment ▌Pursue stable competitiveness on investment returns Business Plan Rate of Return (unit: %) ■ Maintaining competitive advantage of interest-bearing assets 3.31 Domestic - Strengthen management of interest-bearing bond with ALM - Increase profitable individual
Slide 17: DreamBig by DB
DreamBig "y DB