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

Icici Lombard General Insurance — Q1 FY2019 Earnings Presentation

20 slides from Icici Lombard General Insurance's earnings presentation, Jul 17, 2018

  1. Slide 1: Q1 FY2019 Performance Review

    Q1 FY2019 Performance Review July 17, 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 Particu lars FY 2017 FY 2018 Q1 Q1 (` billion , except per sh are) Actu al Actu al FY 2018 FY 2019 G ross Written Premiu m 109. 60 126. 00 33. 94 38. 56 G ross Direct Premiu m In come (G DPI) 107. 25 123. 57 33. 21 37. 74 G DPI G row th 32. 6% 15. 2% 15. 3% 13. 7% C ombin ed Ratio 103

  6. Slide 6: Comprehensive Product Portfolio

    Comprehensive Product Portfolio Product Mix 9% 9% 11% 11% 20% 19% Others 22% 21% 3% 3% Crop 7% 7% 4% 4% 9% 9% Marine 19% 19% 18% 20% Fire 17% 18% Health & PA 15% 15% Motor TP 26% 25% 21% 20% Motor OD FY2017 FY2018 Q1 FY2018 Q1 FY2019  Diversified product mix– motor, health & personal accident, crop

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

    Comprehensive Product Portfolio ` billion 7 8 .9% 7 7 .4% 7 7 .9% 7 5 .1%  Private car, Two wheeler and Commercial Vehicle 9 .4% 1 5.6% 1 3.0% 6 .8% contributed 50.0%, 32.7% and 17.3% respectively of Motor GDPI1 for Q1 FY2019 and 49.0%, 33.2% Motor 27.6 30.6 and 17.8% respectively of Motor GDPI1 fo

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

    Comprehensive Product Portfolio ` billion 8 4 .2% 135.0% 140.1% 116.8% 263.0% 1 0.2% 6 8 .3% 1 2 .0%  Covered farmers in 4 states and 30 districts Crop 21.5 23.7 in Kharif season FY2019 compared to 7 7.2 8.1 states and 56 districts in Kharif FY2018 FY2017 FY2018 Q1 FY2018 Q1 FY2019 Loss Ratio Growt

  9. Slide 9: Digital Drive: Enabling business transformation

    Digital Drive: Enabling business transformation Risk selection Robotics / ChatBOTs Claims management File processing AI* & ML Fraud detection Lean Innovation Operations Technology Dashboards for service & Analytics Customer portal excellence Data Driven decision Intermediary app making Customer OneV

  10. Slide 10: Risk Framework

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

  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 (` bn) Investment Leverage1 10.0% 9.7% 3.88X 3.90X 4.01X 181.93 198.73 149.50 3.0% 2.7% FY2017 FY2018 Q1 FY2018 Q1 FY2019 FY2017 FY2018 Q1 FY2019  Investment portfolio mix2 at Q1 FY2019 : Corporate bonds (47.57%), G-Sec (29.94%) and equi

  13. Slide 13: Financial performance

    Financial performance C ombined Ratios (%) Retu rn on average Equity (%) 103. 9% 24. 7% 20. 8% 22. 4% 102. 4% 20. 3% 100. 2% 98. 8% FY2017 FY2018 Q1 FY2018 Q1 FY2019 FY2017 FY2018 Q1 FY2018 Q1 FY2019 Profit before Tax (` bn) Profit after Tax (` bn) 28.6% 31.4% 56.6% 47.5% 38.3% 22.8% 63.5% 35.1% 12.

  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 18.1% 15.8% 16.7% 469 12.2% 333 373 261 FY2007 FY2011 FY2018 Q1 FY2018 Q1 FY2019 FY2007 FY2011 FY2018 Q1 FY2018 Q1 FY2019  Industry has grown at CAGR of 17% in the last 16 years 15 Source: Latest IRDAI & GI Council report

  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$) 5. 00 World: 2.80 4. 28 2. 74 2. 36 2. 34 1. 89 1. 77  4th largest non-life 1. 04 0. 93 0. 46 insurance market in Asia  GDPI growth at CAGR of 17% from FY 2001 to FY No

  17. Slide 17: Thank you

    Thank you /gicici Elombard ( J Nibhaye Vaade

  18. Slide 18: Annexure

    Annexure ICICI ELombard 1 Nibhaye Vaade

  19. Slide 19: Loss ratio

    Loss ratio Partic u lars FY 2017 FY 2018 Q1 2018 Q1 2019 Motor OD 64. 2% 53. 7% 62. 2% 62. 9% Motor TP 97. 4% 107. 1% 97. 5% 90. 6% Health 97. 9% 77. 6% 86. 0% 85. 5% PA 41. 3% 23. 9% 43. 8% 56. 5% C rop 84. 2% 135. 0% 140. 1% 116. 8% Fire 68. 4% 43. 1% 60. 7% 115. 2% Marin e 83. 9% 54. 2% 75. 0% 81

  20. Slide 20: Safe harbor

    Safe harbor Except for the historical information contained herein, statements in this release which contain words or phrases such as 'will', 'would', ‘indicating’, ‘expected to’ etc., and similar expressions or variations of such expressions may constitute 'forward-looking statements'. These forwar

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