New India Assurance Co. Ltd. · NSE:NIACL
New India Assurance — The New India Assurance Company — H1 FY2022-23 Earnings Presentation
14 slides from New India Assurance's earnings presentation, Nov 11, 2022
Slide 1: Letter to exchanges: Investor Presentation
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Slide 2: The New India Assurance Co. Ltd
ule INDIA ASSURANCE The New rindia 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 H1 FY 22-23 Market leader in Major segments SEGMENT GDPI Fire 2219.04 General Insurance New India Marine 496.07 Industry Engineering 495.66 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 H1 FY22-23
Business Mix – Global GWP Up to H1 FY22-23 Gross Written Premium 19198 Cr Others, 10% Fire, 17% Marine, 3% Motor OD, 10% Health & PA, 47% Motor TP, 13% 5
Slide 7: Distribution Mix – Indian Business Upto H1 FY 22-23
Distribution Mix – Indian Business Upto H1 FY 22-23 Channel Mix Direct Broker 31% 35% Bancassurance 1% Dealer 7% Agency 26% 6
Slide 8: Movement in Technical Reserves (Cr)
Movement in Technical Reserves (Cr) 46647 45098 42450 37656 33749 29740 FY 18 FY 19 FY 20 FY 21 FY 22 H1 22-23 7
Slide 9: Financial Snapshot
Financial Snapshot Amount in Crores GWP- Gross Written Premium PAT- Profit after Tax 36835 33046 19198 18839 1604 152 217 164 PAT H1 (2022-23) H1 (2021-22) 2021-22 2020-21 8
Slide 10: Key Ratios
Key Ratios Incurred Claims Ratio Commission Ratio 7.70% 100.90% 7.53% 99.40% 96.94% 6.96% H1 FY 23 H1 FY 22 FY 22 H1 FY 23 H1 FY 22 FY 22 Expense Ratio 13.49% 12.79% 12.60% H1 FY 23 H1 FY 22 FY 22 10
Slide 11: Key Ratios
Key Ratios Combined Ratio ROE 120.65% 120.66% 2.41% 117.06% 1.65% 1.22% H1 (22-23) H1 (21-22) FY 22 H1 (22-23) H1 (21-22) FY 22 Solvency Ratio 1.90 1.77 1.66 H1 (22-23) H1 (21-22) FY 22 10
Slide 12: Segment Information
Segment Information For H1 For H1 For H1 For H1 GWP 2022-23 2021-22 YoY % ICR % 2022-23 2021-22 (in crores) (in crores) Fire Fire 71.13 89.92 3242 3174 2.14% Marine Marine 88.43 67.26 528 445 18.65% Motor OD Motor OD 114.12 93.32 1930 1798 7.34% Motor TP 85.61 75.61 Motor TP 2547 2386 6.75% Health i
Slide 13: Comments of Ms. Neerja Kapur, CMD
Comments of Ms. NEERJA KAPUR, CMD • “The gross written premium for the half year ended 30th Sep 2022 saw a growth of 1.90% compared to the same period last year. The muted growth is primarily due to the previous year recording significant revenues from the crop line of business and some government b
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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