Db Insurance Co. Ltd · KRX:005830
Db Insurance — FY2021 Earnings Presentation
19 slides from Db Insurance's earnings presentation, Feb 21, 2022
Slide 1: 2021 Financial Results & 2022 Business Strategy
2021 Financial Results & 2022 Business Strategy February 21, 2022 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. Therefore, please note that some of the information herein may vary depending on the audit results. The business outlook of 2022 and some in
Slide 3: Contents
Contents Ⅰ. 2021 Key Performance 1. 2021 Key Financials 2. 2021 Key Results - Auto - Long-term - Investment & ALM - Capital Ⅱ. 2022 Business Outlook 1. Business Environment and Strategic Direction 2. 2022 Business Strategy DB insurance I 3
Slide 4: I. 2021 Key Performance
Ⅰ. 2021 Key Performance 1. 2021 Key Financials 2. 2021 Key Results - Auto - Long-term - Investment & ALM - Capital
Slide 5: I. 2021 Key Financials
I. 2021 Key Financials [unit: KRW bn, %, %p] 구 분 2020 2021 YoY Direct Premium Written1) 14,070 15,075 7.1% Loss Ratio 83.9 82.1 1.8%p Expense Ratio 20.8 19.6 1.2%p Combined Ratio 104.7 101.7 3.0%p Investment Yield 3.41 3.29 0.12%p Net Profit before Tax 678.6 1,064.5 56.9% Net Profit 502.2 776.4 54.6
Slide 6: II. 2021 Key Results
II. 2021 Key Results Net profit Improved underwriting profit due to continued decline in Auto loss ratio and lower expenses ratio (-59.6% YoY ) L/R E/R C/R (unit : %, KRW bn) (unit : %) (unit : %) (단위:%,십억원) -2.5%p -3.0%p -2.4%p -1.8%p 107.2 -0.1%p -1.2%p 86.3 83.9 104.7 101.7 82.1 20.9 20.8 19.6 20
Slide 7: II. Auto
II. 2021 Key Results Auto The increase of direct premium written slowed due to the decline of rate hike effect, but higher premium growth focused Top Line on online channels(TM/CM)* ⚫ Direct Premium Written(DB) (unit : KRW bn) ⚫ (Online) Percentage & Direct Premium Written (unit : KRW bn) (G/R) (G/R
Slide 8: II. Long-Term
II. 2021 Key Results Long-Term Top Line Risk premium growth widened through product competency and improved persistency ratio ⚫ New monthly premium of Protection ⚫ Persistency Rate (unit : %) ⚫ Risk Premium (unit : KRW bn) (unit : KRW bn) (G/R) (+1.6%p) 18.2 (+1.9%p) 88.8 (+1.2%p) 16.6 (+4.2%p) 86.9
Slide 9: II. Investment & ALM
II. 2021 Key Results Investment & ALM Investment Efficient asset management through proper asset allocation ⚫ Invested asset G/R (unit : KRW bn) ⚫ Invested asset portfolio (unit : %,%p) 41,650 Bond 30.2 (△0.5) 38,936 44.4 (+1.4) 36,974 Overseas Stock (+5.3%) (+7.0%) 2.7 (G/R) Deposit (△0.2) 1.0 Real
Slide 10: II. Capital
II. 2021 Key Results Capital Capital Increased shareholder’s return under strong capital adequacy (gradual increase of payout ratio) ⚫ RBC Ratio ⚫ Payout Ratio (unit : KRW bn, %) (unit : KRW bn, %) Shareholder’s Equity RBC(separate) RBC(consolidated) Net Profit DPR DPS Total dividend 27.2 774 33 6,5
Slide 11: II. 2022 Business Outlook
Ⅱ. 2022 Business Outlook 1. Business Environment and Strategic Direction 2. 2022 Business Strategy
Slide 12: Business Environment and Strategic Direction
1. Business Environment and Strategic Direction Business Environment Strategic Direction Strengthening competitiveness based on “Increased business uncertainty amid expanding growth based on management efficiency macro-economy volatility” 1➢ Strategic response to market change to increase Economic -
Slide 13: IFRS17 & Digital
2. 2022 Business Strategy IFRS17 & Digital ▌Establishment of New Management System & speeding up Digital Transformation Business Plan Major Indicator ⚫ New Contracts Profit Lifecycle ■ Establishment of a new management system from the IFRS17 perspective of IFRS17 Profit - Implementation of strategie
Slide 14: Auto
2. 2022 Business Strategy Auto ▌Securing sustainable profitability by preemptively operating products mix in response to market changes Business Plan Major indicator ⚫ Earned Premium per Vehicle ■ Strengthening product operation for a stable profit structure (unit: KRW thous.) Product - Securing app
Slide 15: Long-term
2. 2022 Business Strategy Long-term ▌Strategic operation of new & retained contracts to increase CSM Business Plan Major indicator ■ Profit-oriented product P/F operation ⚫ Protection(new) & NCV (unit: KRW bn) - Strengthening the product & rate operation to increase CSM 56 NCV - Expand the function
Slide 16: Commercial
2. 2022 Business Strategy Commercial ▌Maintain qualitative growth focused on profit-driven strategies Business Plan Major indicator ⚫ M/S & L/R (unit: %) ■ Profitability-oriented growth engine and stable profit expansion 20.1 M/S Domestic - Expanding market dominance through elaboration of market an
Slide 17: Investment & ALM
2. 2022 Business Strategy Investment & ALM ▌Establishment of a stable and high-profit basis under IFRS17 Business Plan Major indicator ■ Structural profit expansion by strengthening the management ⚫ Investment Yields (unit: %) of running yield - Strategic investment in domestic and foreign bonds wit
Slide 18: Dream Big
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Slide 19: Dream Big
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