Db Insurance Co. Ltd · KRX:005830

Db Insurance — FY2019 Earnings Presentation

17 slides from Db Insurance's earnings presentation, Feb 21, 2020

  1. Slide 1: 2019 Financial Results & 2020 Business Strategy

    2019 Financial Results & 2020 Business Strategy February 21, 2020 copyright(c) 2017 All rights reserved. www.idbins.com

  2. 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 2020 and some in

  3. Slide 3: Contents

    Contents Ⅰ. 2019 Key Performance 1. 2019 Key Financials 2. 2019 Key Results - Auto - Long-term - Investment & ALM - Capital Ⅱ. 2020 Business Outlook 1. Business Environment and Strategic Direction 2. 2020 Business Strategy - Auto - Long-term - Commercial - Investment & ALM DB Insurance I 3

  4. Slide 4: I. 2019 Key Performance

    Ⅰ. 2019 Key Performance 1. 2019 Key Financials 2. 2019 Key Results - Auto - Long-term - Investment & ALM - Capital

  5. Slide 5: I. 2019 Key Financials

    I. 2019 Key Financials [unit: KRW bn, %, %p] 2018 2019 YoY Direct Premium Written1) 12,449 13,027 4.6% Loss Ratio 83.4 86.3 2.9%p Expense Ratio 19.5 20.9 1.4%p Combined Ratio 102.8 107.2 4.3%p Investment Yield 3.31 3.91 0.60%p Net Profit before Tax 710.6 505.1 -28.9% Net Profit 514.7 372.9 -27.6% To

  6. Slide 6: II. 2019 Key Results

    II. 2019 Key Results Net profit  Increased underwriting losses due to worsened loss ratio of Auto & Long-Term and rising expense ratio L/R E/R C/R (unit : %, KRW bn) +1.1%p +2.9%p +0.3%p +1.4%p +1.3%p +4.3%p 107.2 86.3 101.5 102.8 82.3 83.4 20.9 19.2 19.5 2017 2018 2019 2017 2018 2019 2017 2018 201

  7. Slide 7: II. Auto

    II. 2019 Key Results Auto Despite the increased proportion of CM channels, earned premium increased YoY due to the imposition Top Line of appropriate rate and reduction of special coverages discounted  Direct Premium Written (unit : KRW bn)  Percentage & Direct Premium Written of CM channel 13.6 (

  8. Slide 8: II. Long-Term

    II. 2019 Key Results Long-Term Top Line Continued increase of risk premium by responding to GA market  Risk Premium (unit : KRW bn)  New monthly premium of Protection (unit : KRW bn) 48.3 43.6 37.7 3,085 2,784 2,483 9.7 6.8 7.8 (12.1%↑) (10.8%↑) (G/R) (14.5%↑) (23.9%↑) (G/R) 2017 2018 2019 2017 20

  9. Slide 9: II. Investment & ALM

    II. 2019 Key Results Investment & ALM Investment Efficient asset management through proper asset allocation  Invested asset G/R  Invested asset portfolio (unit : %, %p) (unit : KRW bn) 29.6 Bond (△1.6) 41.7 36,974 Overseas (+0.5) 34,351 31,609 Stock Deposit 3.1 (8.7%↑) (7.6%↑) (G/R) (△0.2) Real es

  10. Slide 10: II. Capital

    II. 2019 Key Results Capital Capital Maintaining expansion of shareholder’s return under strong capital adequacy  RBC Ratio (unit : KRW bn, %)  Payout Ratio (unit : KRW bn, %) Shareholder's Equity RBC(separate) RBC(consolidated) Net Profit 당기순이익 Payout Ratio 배당성향 5,722 622 4,911 515 4,416 373 251.

  11. Slide 11: II. 2020 Business Outlook

    Ⅱ. 2020 Business Outlook 1. Business Environment and Strategic Direction 2. 2020 Business Strategy - Auto - Long-term - Commercial - Investment

  12. Slide 12: 1. Business Environment and Strategic Direction

    1. Business Environment and Strategic Direction Business Environment Strategic Direction Increased uncertainty at home or abroad & Implementation of “sustainable management” Expanded factors to worsen profitability through profit structure reform - Maintaining low interest rates and increasing Finan

  13. Slide 13: 2. 2020 Business Strategy: Auto

    2. 2019 Business Strategy Auto ▌Improve loss ratio through strategic pricing and operation of U/W policy Business Plan Major Indicator  L/R (unit: %) ■ Promote profitability by imposing appropriate premiums Product 91.6 - Timely & appropriate rate adjustment for rising insurance costs - Build proac

  14. Slide 14: 2. 2020 Business Strategy: Long-term

    2. 2019 Business Strategy Long-term ▌Improve the structure to secure Long-Term profitability Business Plan Major Indicator ■ Continued improvement of P/F through  Protection (new) & NCV NCV(New Contract Value)oriented products 360 (unit: (unit: \ bn) KRW KRW bn) 360 36 Product - Advance product rev

  15. Slide 15: 2. 2020 Business Strategy: Commercial

    2. 2019 Business Strategy Commercial ▌Secure growth engines focused on profitable products Business Plan Major Indicator (단위: %)  M/S & L/R (unit: %) ■ Accelerate growth based on profitability and Domestic secure stable revenue M/S 18.0 - Improve low profit product structure and expand 70.8 L/R gro

  16. Slide 16: 2. 2020 Business Strategy: Investment & ALM

    2. 2019 Business Strategy Investment & ALM ▌Secure differentiated competitiveness of return on investment Business Plan Major Indicator  Investment Yields (unit: %) ■ Maintain competitive edge in running yield 3.91 - Minimize low running yield matching Bonds - Expand alternative investment such as

  17. Slide 17: Dream Big

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