Icici Lombard General Insurance Co. Ltd. · NSE:ICICIGI

Icici Lombard General Insurance — H1 FY2019 Earnings Presentation

21 slides from Icici Lombard General Insurance's earnings presentation, Oct 20, 2018

  1. Slide 1: H1 FY2019 Performance Review

    H12019 Performance Review October 20, 2018

  2. Slide 2: Agenda

    Agenda Company Strategy Financial Performance Industry Overview 2

  3. Slide 3: Agenda

    Agenda Company Strategy Financial Performance Industry Overview 3

  4. Slide 4: Strategy: Market leadership + Profitable growth

    Strategy: Market leadership + Profitable growth  Leverage our strong brand, competitive advantage and broad Leverage and Enhance network of distribution partners market leadership  Expand customer base and offerings  Focus on agency channel, retail health segment and SME insurance Enhance product

  5. Slide 5: Key Highlights

    Key Highlights Particulars FY 2017 FY 2018 H12018 H12019 ( billion) Actual Actu al Actual Actual Gross Written Premium 109.60 126.00 66.29 74. 92 Gross Direc t Premiu m Income (GDPI) 107.25 123.57 64.94 73. 05 GDPI Growth 32.6% 15. 2% 16. 7% 12.5% Combined Ratio 103.9% 100. 2% 102. 7% 100.1% Profit

  6. Slide 6: Comprehensive Product Portfolio

    Comprehensive Product Portfolio Product Mix 9% 9% 9% 10% 20% 19% Others 25% 25% 3% 3% Crop 7% 7% 3% 3% 7% 7% Marine 19% 19% 18% 19% Fire 17% 18% Health & PA 16% 16% Motor TP 26% 25% 22% 20% Motor OD FY2017 FY2018 H12018 H12019  Diversified product mix– motor, health & personal accident, crop, fire,

  7. Slide 7: Comprehensive Product Portfolio: Motor, Health & PA

    Comprehensive Product Portfolio billion 7 8 .9% 7 7 .4% 7 8 .7% 7 4 .2% 1 5.6% 1 6.2%  Private car, Two wheeler and Commercial Vehicle 9 .4% 5 .0% contributed 50.0%, 30.1% and 19.9% respectively of Motor GDPI for H12019 and 50.8%, 30.8% and Motor 30.6 27.6 17.8 21.9 18.4% respectively of Motor GDPI

  8. Slide 8: Comprehensive Product Portfolio: Crop, Property & Casualty

    Comprehensive Product Portfolio billion 8 4.2% 135.0% 114.1% 117.0% 263.0% 1 0.2% 3 6.6% 1 1.1%  Covered farmers in 4 states and 30 districts Crop 21.5 23.7 18.1 in Kharif season H12019 compared to 7 16.3 states and 56 districts in Kharif H12018 FY2017 FY2018 H12018 H12019 Loss Ratio Gr owth 6 7.7%

  9. Slide 9: Digital Drive: Enabling business transformation

    Digital Drive: Enabling business transformation Risk selection Robotics / Chat BOTs Claims management Artificial Intelligence & File processing Machine Learning Fraud detection Lean Innovation Operations Technology Dashboards for service & Analytics Customer portal excellence Data Driven decision In

  10. Slide 10: Risk Framework

    Risk Framework  Predictive ultimate loss model to improve risk selection  Diversified exposure across geographies and products Underwriting  Historically lower proportion of losses from catastrophic events than overall market share  Spread of risk across panel of quality re-insurers  Current pa

  11. Slide 11: Agenda

    Agenda Company Strategy Financial Performance Industry Overview 11

  12. Slide 12: Robust Investment Performance

    Robust Investment Performance Realised Return Investment Book ( billion) Investment Leverage1 1 10. 0% 9. 7% 3.88X 3.90X 3.77X 5. 1% 5. 2% 181. 93 192. 72 149. 50 FY2017 FY2018 H12018 H12019 FY2017 FY2018 H12019  Investment portfolio mix2 at H1 FY2019 : Corporate bonds (49.0%), G-Sec (31.2%) and eq

  13. Slide 13: Financial performance

    Financial performance Combined Ratios (%) Retu rn on average Equity (%) 103. 9% 23. 9% 24. 4% 102. 9% 102.7% 20. 3% 20. 8% 20. 3% 21. 3% 101. 1% 100. 2% 100.1% FY2017 FY2018 Q22018 Q22019 H12018 H12019 FY2017 FY2018 Q22018 Q22019 H12018 H12019 Profit before Tax (PBT) ( billion) Profit after Tax (PAT

  14. Slide 14: Agenda

    Agenda Company Strategy Financial Performance Industry Overview 14

  15. Slide 15: Industry has witnessed steady growth

    Industry has witnessed steady growth billion 1 ,507 Gr owth 12.8% 18.1% 818 725 15.8% 469 261 FY2007 FY2011 FY2018 H12018 H12019  Industry has grown at CAGR of 17% in the last 17 years 15 Source: Latest IRDAI

  16. Slide 16: India Non-life Insurance Market - Large Addressable Market

    India Non - life Insurance Market - Large Addressable Market Significantly underpenetrated (%) Premium as a % of GDP (CY17) (US$) World: 2.80 5. 00 4. 28 2. 74  4th largest non-life 2. 36 2. 34 1. 89 1. 77 1. 04 0. 93 0. 46 insurance market in Asia  Non-life Insurance penetration in India was Non-

  17. Slide 17: Thank you

    Thank you z2\icicr€ Lombard Y Nibhaye Vaade

  18. Slide 18: Annexure

    Annexure /f ICICI €.Lombard \ 1 Nibhaye Vaade 18

  19. Slide 19: Loss ratio

    Loss ratio Particu lars FY 2017 FY 2018 Q22018 Q22019 H12018 H12019 Motor OD 64. 2% 53. 7% 54. 0% 59. 7% 58. 0% 61. 3% Motor TP 97. 4% 107. 1% 111. 4% 90. 5% 104. 7% 90. 5% Health 97. 9% 77. 6% 75. 3% 84. 9% 80. 4% 85. 2% PA 41. 3% 23. 9% 19. 9% 46. 3% 31. 3% 51. 2% C rop 84. 2% 135. 0% 106. 3% 117.

  20. Slide 20: Reserving Triangle Disclosure – Total

    Reserving Triangle Disclosure – Total 1 Incurred Losses and Allocated Expenses (Ultimate Movement) As at March 31, 2018 Prior AY 09 AY 10 AY 11 AY 12 AY 13 AY 14 AY 15 AY 16 AY 17 AY 18 End of First Year 25.23 12.85 15.13 20.66 22.53 27.97 35.96 34.16 39.13 49.49 52.41 One year later 26.15 13.24 15.

  21. Slide 21: Reserving Triangle Disclosure – IMTPIP

    Reserving Triangle Disclosure – IMTPIP Incurred Losses and Allocated Expenses (Ultimate Movement) As at M ar ch 3 1, 20 18 AY 0 8 AY 09 AY 1 0 AY 11 AY 1 2 AY 13 E nd o f First Y ear 2 .71 One y ear later 3.8 5 2 .72 T wo y e ars later 4 .49 3.8 5 2 .73 T hree y e ars late r 5.8 1 4 .49 3.9 8 2 .73

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