New India Assurance Co. Ltd. · NSE:NIACL
New India Assurance — The New India Assurance Company — Q1 FY2022-23 Earnings Presentation
14 slides from New India Assurance's earnings presentation, Aug 10, 2022
Slide 1: Investor Presentation cover letter to stock exchanges
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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 Q1 FY 22-23 Market leader in Major segments SEGMENT GDPI Fire 1495 General Insurance New India Marine 259 Industry Engineering 248 Highest Market #NIA is 2nd by a small margin Mot
Slide 5: Future Strategy: Increasing return on equity
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 Q1 FY22-23
Business Mix – Global GWP Up to Q1 FY22-23 Gross Written Premium 10349.14 Cr Others, 9% Fire, 19% Marine, 3% Motor OD, 9% Health & PA, 49% Motor TP, 11% 5
Slide 7: Distribution Mix – Indian Business Upto Q1 FY 22-23
Distribution Mix – Indian Business Upto Q1 FY 22-23 Channel Mix Broker Direct 35% 35% Bancassurance 1% Dealer 6% Agency 23% 6
Slide 8: Movement in Technical Reserves (Cr)
Movement in Technical Reserves (Cr) 45098 46315 42450 37656 33749 29740 26700 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 Q1 22-23 7
Slide 9: Financial Snapshot
Financial Snapshot Amount in Crores GWP- Gross Written Premium PAT- Profit after Tax 36835 10349 10349 9718 1604 GWP 164 118.47 89.22 PAT 2021-22 2020-21 Q1 (2022-23) Q1 (2021-22) 8
Slide 10: Key Ratios
Key Ratios Incurred Claims Ratio Commission Ratio 99.40% 7.70% 6.56% 94.05% 5.42% 92.91% Q1 FY 23 FY 22 Q1 FY 22 Q1 FY 23 FY 22 Q1 FY 22 Expense Ratio 15.03% 13.49% 12.38% Q1 FY 23 FY 22 Q1 FY 22 10
Slide 11: Key Ratios
Key Ratios Combined Ratio Adjusted Combined Ratio 120.66% 104.93% 112.99% 113.96% 101.79% 101.02% Q1 (22-23) FY 22 Q1 (21-22) Q1 (22-23) FY 22 Q1 (21-22) Solvency Ratio ROE 2.58% 2.09% 2.00 1.72 1.66 1.22% Q1 (22-23) FY 22 Q1 (21-22) Q1 (22-23) FY 22 Q1 (21-22) 10
Slide 12: Segment Information
Segment Information For Q1 For Q1 For Q1 For Q1 GWP 2022-23 2021-22 YoY % ICR % 2022-23 2021-22 (in crores) (in crores) Fire Fire 67.72 49.35 1967 1824 8 Marine Marine 106.37 59.74 273 236 16 Motor OD Motor OD 116.15 78.83 885 851 4 Motor TP 84.51 71.76 Motor TP 1140 1018 12 Health including Health
Slide 13: Management commentary on the results
• Commenting on the results, Mrs. Madhulika Bhaskar, GM and Additional charge CMD said • “After a challenging FY22, Q1FY23 saw a turnaround with the company’s results improving considerably compared to the previous quarter. The gross written premium growth at 6.5% was low as the company took several
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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