Db Insurance Co. Ltd · KRX:005830
Db Insurance — FY2022 Earnings Presentation
18 slides from Db Insurance's earnings presentation, Feb 22, 2023
Slide 1: 2022 Financial Results & 2023 Business Strategy
2022 Financial Results & 2023 Business Strategy February 22, 2023 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 2023 and some in
Slide 3: Contents
Contents Ⅰ. 2022 Key Performance 1. 2022 Key Financials 2. 2022 Key Results - Auto - Long-term - Investment & ALM - Capital Ⅱ. 2023 Business Outlook 1. Business Environment and Strategic Direction 2. 2023 Business Strategy DB Insurance I 3
Slide 4: I. 2022 Key Performance
Ⅰ. 2022 Key Performance 1. 2022 Key Financials 2. 2022 Key Results - Auto - Long-term - Investment & ALM - Capital
Slide 5: I. 2022 Key Financials
I. 2022 Key Financials [unit: KRW bn, %, %p] 2021 2022 YoY Direct Premium Written1) 15,075 16,042 6.4% Loss Ratio 82.1 80.0 2.1%p Expense Ratio 19.6 20.8 1.2%p Combined Ratio 101.7 100.8 0.9%p Investment Yield 3.29 3.54 0.25%p Net Profit before Tax 1,064.5 1,296.0 21.7% Net Profit 776.4 980.6 26.3%
Slide 6: II. 2022 Key Results
II. 2022 Key Results U/W Profit Improved underwriting profit due to continued decline in Auto/Long-term loss ratio (YoY +49.9%) L/R E/R C/R (unit : %) (unit : %) (unit : %, KRW bn) (단위:%,십억원) -3.0%p -0.9%p -1.8%p -2.1%p 104.7 -1.2%p +1.2%p 83.9 101.7 82.1 100.8 80.0 20.8 20.8 19.6 '20 '21 '22 '20 '2
Slide 7: Auto
II. 2022 Key Results Auto Top Line Continued increase of direct premium, higher premium growth focused on online channels(TM/CM)* ⚫ Direct Premium Written(DB) (unit : KRW bn) ⚫ (Online) Percentage & Direct Premium Written (unit : KRW bn) (G/R) (+2.1%p) 50.3 (G/R) (+2.9%p) 48.2 +6.0% +3.3% 45.3 4,455
Slide 8: Long-Term
II. 2022 Key Results Long-Term Top Line Continued growth of risk premium based on protection insurance product competency and improved persistency ratio ⚫ New Monthly Premium of Protection ⚫ Persistency Rate (unit : %) ⚫ Risk Premium (unit : KRW bn) (unit : KRW bn) (G/R) (G/R) (+0.2%p) 16.2 (+1.3%p)
Slide 9: Investment & ALM
II. 2022 Key Results Investment & ALM Investment Build-up of stable asset portfolio under risk management ⚫ Investment Asset G/R (unit : KRW bn) ⚫ Investment Asset Portfolio (unit : %,%p) 2.9% 1.8% 3.7% (+0.2) (+0.8) (+0.2) +7.0% -2.7% Deposit 41,650 Stock 40,518 Bond 31.5% 38,936 (+1.3) Overseas 46
Slide 10: Capital
II. 2022 Key Results Capital Capital Implementation of shareholder-friendly dividend policy under strong capital adequacy ⚫ RBC Ratio (unit : KRW bn, %) ⚫ Payout Ratio (unit : KRW bn, %) Shareholder’s Equity RBC(separate) RBC(consolidated) Net Profit DPR DPS Total dividend 981 6,064 6,248 5,050 774
Slide 11: II. 2023 Business Outlook
Ⅱ. 2023 Business Outlook 1. Business Environment and Strategic Direction 2. 2023 Business Strategy
Slide 12: Business Environment and Strategic Direction
1. Business Environment and Strategic Direction Business Environment Strategic Direction “Increased business uncertainty amid expanding Top1 Leap through superiority in business capability macro-economy volatility” based on management efficiency - Economic uncertainty continues under potential reces
Slide 13: IFRS17
2. 2023 Business Strategy IFRS17 ▌Strengthening market leadership through solid IFRS17 competitive advantage Business Plan Major Indicator ■ Promotion of profitability-based CSM expansion strategy under the new management system IFRS17 - Strengthening product and sales strategies, such as product pr
Slide 14: Long-term
2. 2023 Business Strategy Long-term ▌Accelerating profit growth under IFRS17 Business Plan Major indicator ■ Strategic management of CSM-based new & retained contracts ⚫ NCEV & New Protect Premium Product (unit: KRW bn) management & Contract - Improving product competitiveness by preemptively discov
Slide 15: Auto
2. 2023 Business Strategy Auto ▌Stable-profitability-oriented pricing & sophisticated U/W operation Business Plan Key Indicators ⚫ # of CM Channel Customers (unit: 1 mil) ■ Strengthening product management to secure stable profits - Securing an appropriate premium reflecting changes 4.6 Product in p
Slide 16: Commercial
2. 2023 Business Strategy Commercial ▌Strengthening basis for profitability-oriented qualitative growth Business Plan Key Indicators (단위: %) ⚫ M/S and L/R (unit : %) ■ Stable profit expansion based on sophisticated risk 21.2 M/S Domestic management L/R - Improving profit-oriented business management
Slide 17: Investment & Future Growth Engine
2. 2023 Business Strategy Investment & Future Growth Engine ▌Improving Investment income based on preemptive risk management & Strengthening future growth engines Business Plan Key Indicators ■ Strengthening systematic asset management & securing future ⚫ Investment Yield (Unit : %) investment incom
Slide 18: Dream Big
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