New India Assurance Co. Ltd. · NSE:NIACL
New India Assurance — The New India Assurance Company — Investor Presentation (August 2023)
13 slides from New India Assurance's investor presentation, Aug 19, 2023
Slide 1: The New India Assurance Co. Ltd
ule INDIA ASSURANCE The New rindia Assurance Co. Ltd
Slide 2: 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 2022
Slide 3: 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 23-24 Market leader in Major segments SEGMENT GDPI Fire 1486 General Insurance New India Marine 265 Industry Engineering 300 Highest Market Segments showing highest Motor 21
Slide 4: 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 5: Business Mix – Global GWP Up to Q1 FY23-24
Business Mix – Global GWP Up to Q1 FY23-24 Gross Written Premium 11362.49 Cr Others, 9% Fire, 18% Marine, 2% Motor OD, 11% Health & PA, 49% Motor TP, 11% 5
Slide 6: Distribution Mix – Indian Business Upto Q1 FY 23-24
Distribution Mix – Indian Business Upto Q1 FY 23-24 Channel Mix Broker Direct 35% 35% Bancassurance 1% Dealer 7% Agency 22% 6
Slide 7: Movement in Technical Reserves (Cr)
Movement in Technical Reserves (Cr) 49508 47547 45098 42450 37656 33749 FY 19 FY 20 FY 21 FY 22 FY 23 Q1 FY 24 7
Slide 8: Financial Snapshot
Financial Snapshot Amount in Crores GWP- Gross Written Premium PAT- Profit after Tax 38791 36835 11362 10349 260.23 118.47 1055.39 164 PAT Q1 (2023-24) Q1 (2022-23) 2022-23 2021-22 8
Slide 9: Key Ratios
Key Ratios Incurred Claims Ratio Commission Ratio 96.19% 7.75% 95.59% 7.49% 94.05% 6.56% Q1 FY 24 Q1 FY 23 FY 23 Q1 FY 24 Q1 FY 23 FY 23 Expense Ratio 13.82% 12.38% 11.77% Q1 FY 24 Q1 FY 23 FY 23 10
Slide 10: Key Ratios
Key Ratios Combined Ratio Adjusted Combined Ratio 117.15% 101.02% 115.45% 112.99% 100.68% Q1 FY 24 Q1 FY23 FY 23 Q1 FY 24 Q1 FY 23 Solvency Ratio ROE 5.26% 5.53% 1.85 1.87 2.58% 1.72 Q1 FY 24 Q1 FY 23 FY 23 Q1 FY 24 Q1 FY 23 FY 23 10
Slide 11: Segment Information
Segment Information For Q1 For Q1 For Q1 For Q1 GWP 2023-24 2022-23 YoY % ICR % 2023-24 2022-23 (in crores) (in crores) Fire Fire 48.25 67.72 2041 1967 4% Marine Marine 70.78 106.37 273 273 0% Motor OD Motor OD 112.70 116.15 1221 885 38% Motor TP 95.02 84.51 Motor TP 1246 1140 9% Health including He
Slide 12: Comments of Ms. Neerja Kapur, CMD
Comments of Ms. Neerja Kapur, CMD • The company has delivered good results for Q1FY24. The Gross Written Premium increased by 9.8% compared to the same quarter last year. The Company continues to focus on improving the business mix by shedding businesses where premiums are inadequate and may impact
Slide 13: 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 25 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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