New India Assurance Co. Ltd. · NSE:NIACL
New India Assurance — The New India Assurance Company — 9M FY2022-23 Earnings Presentation
14 slides from New India Assurance's earnings presentation, Feb 14, 2023
Slide 1: Investor Presentation cover letter to stock exchanges
fq :Lf;-z:r771-1-1---4r 404.41 (ma- wcw.wr THE NEW INDIA ASSURANCE COMPANY LTD. (Govt. of India Undertaking) Phone : 022 2270 8100 VLIT4 : ITTTAT-4E rcirc-g4i, 87, TiltHI4,itJ,1* - 400 001. 022 2270 8400 Regd. & Head Office : New India Assurance Bldg., 87, M.G. Road, Fort, Mumbai - 400 001. Website
Slide 2: The New India Assurance Co. Ltd
EW INDIA ASSURANCE The New India Assurance Co. Ltd
Slide 3: Overview
Overview Largest general insurance company in India with an established brand, expansive multi-channel distribution network and strong international presence #1 in India ~30 million policies in terms of net worth, domestic gross direct premium, highest number of offices and maximum issued in FY 2021
Slide 4: Overview: Leaders in Segment Wise Performance
Overview Amount in Crores Leaders in Segment Wise Performance in terms of Gross Direct Premium Income Underwritten Up to 9M FY 22-23 Market leader in Major segments SEGMENT GDPI Fire 3362 General Insurance New India Marine 721 Industry Engineering 374 Highest Market Segments showing highest Motor 64
Slide 5: Future Strategy
Future Strategy Increasing return on equity Maintain/Increase market Rationalisation of operating Leverage technology to share and leverage benefits offices, Maintaining healthy drive customer satisfaction, of economies of scale solvency margin, Increasing profitability and growth driven by growth D
Slide 6: Business Mix – Global GWP Up to 9M FY22-23
Business Mix – Global GWP Up to 9M FY22-23 Gross Written Premium 28440 Cr Others, 10% Fire, 17% Marine, 3% Motor OD, 11% Health & PA, 45% Motor TP, 14% 5
Slide 7: Distribution Mix – Indian Business Upto 9M FY 22-23
Distribution Mix – Indian Business Upto 9M FY 22-23 Channel Mix Broker 32% Direct 38% Bancassurance 1% Dealer 8% Agency 21% 6
Slide 8: Movement in Technical Reserves (Cr)
Movement in Technical Reserves (Cr) 46648 45098 42450 37656 33749 29740 FY 18 FY 19 FY 20 FY 21 FY 22 9M 22-23 7
Slide 9: Financial Snapshot
Financial Snapshot Amount in Crores GWP- Gross Written Premium PAT- Profit after Tax 36835 33046 28440 27898 900 708 164 1604 PAT 9M (2022-23) 9M (2021-22) 2021-22 2020-21 8
Slide 10: Key Ratios
Key Ratios Incurred Claims Ratio Commission Ratio 99.48% 99.40% 7.76% 7.70% 94.70% 7.39% 9M FY 23 9M FY 22 FY 22 9M FY 23 9M FY 22 FY 22 Expense Ratio 13.91% 13.49% 13.14% 9M FY 23 9M FY 22 FY 22 10
Slide 11: Key Ratios
Key Ratios Combined Ratio Solvency Ratio 120.66% 1.91 120.01% 1.83 116.37% 1.66 9M (22-23) 9M (21-22) FY 22 9M (22-23) 9M (21-22) FY 22 ROE 9.51% 5.18% 1.22% 9M (22-23) 9M (21-22) FY 22 10
Slide 12: Segment Information
Segment Information For 9M For 9M For 9M For 9M GWP 2022-23 2021-22 YoY % ICR % 2022-23 2021-22 (in crores) (in crores) Fire 4954 4740 4.50% Fire 53.99 71.97 Marine 764 688 10.98% Marine 74.37 62.12 7300 6814 7.13% Motor 96.35 86.55 Motor Health including Health including 103.87 122.64 12867 12701 1
Slide 13: Comments of Ms. Neerja Kapur, CMD
Comments of Ms. Neerja Kapur, CMD • “New India Assurance has posted impressive results for the period ending 31st Dec 2022. The profit before tax increased by 33% from 818 Cr in 9MFY22 to 1086 Cr in 9MFY23. For the third quarter, the PBT increased by 56% from 587 Cr to 914 Cr. • The gross written pr
Slide 14: About Us
About Us The New India Assurance Company Ltd, founded by Sir Dorabji Tata in 1919, a Multinational General Insurance Company, today operates in 26 countries and headquartered at Mumbai, India. The Company has been market leaders in India in Non – Life business since nationalization. First General In
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