New India Assurance Co. Ltd. · NSE:NIACL
New India Assurance — The New India Assurance Company — 9M FY2023-24 Earnings Presentation
15 slides from New India Assurance's earnings presentation, Feb 13, 2024
Slide 1: Investor Presentation filing letter to stock exchanges
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Slide 2: New India Assurance
NEW 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 104 years of operations ~30 million policies in terms of net worth, domestic Incorporated in 1919 gross direct premium, highest nu
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 23-24 Market leader in Major segments SEGMENT GDPI Fire 3509.64 General New India Marine 698.18 Insurance Industry Engineering 770.33 Highest Market Segments showing highest
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 FY23-24
Business Mix – Global GWP Up to 9M FY23-24 Gross Written Premium 31425 Cr Others, 10% Fire, 17% Marine, 2% Motor OD, 13% Health & PA, 45% Motor TP, 14% 5
Slide 7: Distribution Mix – Indian Business Upto 9M FY 23-24
Distribution Mix – Indian Business Upto 9M FY 23-24 Channel Mix Broker Direct 33% 32% Bancassurance 1% Dealer 9% Agency 25% 6
Slide 8: Movement in Technical Reserves (Cr)
Movement in Technical Reserves (Cr) 50551 47547 45098 42450 37656 33749 FY 19 FY 20 FY 21 FY 22 FY 23 9M FY23-24 7
Slide 9: Financial Snapshot
Financial Snapshot Amount in Crores GWP- Gross Written Premium PAT- Profit after Tax 38791 36835 31425 28440 1055 776 900 164 PAT 9M (2023-24) 9M (2022-23) 2022-23 2021-22 8
Slide 10: Key Ratios
Key Ratios Incurred Claims Ratio Commission Ratio 98.07 8.74 95.59 7.76 94.7 7.75 Series 1 Series 1 9M FY 24 9M FY 23 9M FY 24 9M FY 23 FY 23 FY 23 CAT losses during the quarter Rs.357.72 crores and for 9 months Rs.658.57 crores Expense Ratio 13.91% 13.84% 13.82% 9M FY 24 Series 1 9M FY 23 FY 23 10
Slide 11: Key Ratios
Key Ratios Combined Ratio Solvency Ratio 1.91 120.64 1.87 116.37 1.72 117.15 Series 1 Series 1 9M (23-24) 9M (22-23) 9M (23-24) FY 23 9M (22-23) FY 23 ROE 9.51% 5.08% 5.53% Series 1 9M (23-24) 9M (22-23) FY 23 10
Slide 12: Segment Information
Segment Information For 9M For 9M For 9M For 9M GWP 2023-24 2022-23 YoY % ICR % (in crores) (in crores) 2023-24 2022-23 Fire Fire 87.13 53.99 5264 4954 6.26 Marine Marine 41.73 74.37 736 764 -3.66 Motor OD Motor OD 108.14 111.41 3981 3191 24.75 Motor TP Motor TP 93.09 85.73 4262 4109 3.72 Health inc
Slide 13: Financials for Nine Months Ended 31.12.2023
The New India Assurance Company Limited Financials for Nine Months Ended 31.12.2023 (Rs. in Crores) Dec-23 Dec-22 Mar-23 Net Worth 20754 18574 19920 Net Worth including Fair Value Change 44690 38475 37957 Investment Assets at Market Value 94512 85581 86111 Solvency Ratio (Times) 1.72 1.91 1.87
Slide 14: Comments of Ms. Neerja Kapur, CMD
Comments of Ms. Neerja Kapur, CMD • Q3FY24 was one of the most challenging quarters for the company in recent times. The company suffered CAT losses on account of catastrophic events like cyclone Michaung and Floods in South India, Sikkim and West Bengal amounting to net of Rs 358 Cr during the quar
Slide 15: 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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