New India Assurance Co. Ltd. · NSE:NIACL
New India Assurance — The New India Assurance Company — FY2022-23 Earnings Presentation
18 slides from New India Assurance's earnings presentation, Jun 5, 2023
Slide 1: Exchange filing cover letter
(ima. .i•tct)R dtictoi) THE NEW INDIA ASSURANCE COMPANY LTD. (Govt. of India Undertaking) "/Tit TO, , iccti - 400 001. Phone : 022 2270 8100 litTa7451t41-1 chlt4614 87, 022 2270 8400 Regd. & Head Office : New India Assurance Bldg., 87, M.G. Road, Fort, Mumbai - 400 001. Website : www.newindia.co.in
Slide 2: The New India Assurance Co. Ltd
EW INDIA ASSURANCE The New India Assurance Co. Ltd
Slide 3: FY 2022-23 Financial Results Presentation
FY 2022-23 FINANCIAL RESULTS PRESENTATION Mumbai, June 2023 2
Slide 4: Company Overview
Company 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
Slide 5: Industry Overview
Industry Overview Amount in Crores Leaders in Segment Wise Performance in terms of Gross Direct Premium Income Underwritten Up to Q4 FY 22-23 Market leader in Major segments SEGMENT GDPI Fire 4237 General Insurance New India Marine 978 Industry Engineering 923 Highest Market Segments showing highest
Slide 6: Key Highlights
Key Highlights Largest Non Life General Insurer in India. Highest Market Share of 13.42 % Consistent Market Leaders in terms of Net Worth, Domestic Gross Direct Premium. Leaders in Segment Wise Performance in terms of Gross Direct Premium Income in almost all segments. Multi-Product Multi-Channel an
Slide 7: Key Highlights
Ve-— Azadina Amrit Mahotsav. 2 2 LARS For FY 22-23 For FY 21-22 Key H | g h | Ig h PARTICU (Rs. In Crores) (Rs. In Crores) % Change GLOBAL GROSS WRITTEN PREMIUM 38,791 36,835 5.31 NET EARNED PREMIUM 31,127 29,760 INCURRED CLAIM 28,909 28,750 COMMISSION 2412 2,293 EXPENSES 4300 4,014 INVESTMENT INCOM
Slide 8: Business Mix – Global GWP up to Q4 FY22-23
Business Mix – Global GWP up to Q4 FY22-23 Gross Written Premium Others 8.66% Fire 16.60% Marine 2.72% Motor OD 11.63% Health & PA 45.38% Motor TP 15.01% 7
Slide 9: Distribution Mix – Indian Business up to Q4 FY 22-23
Distribution Mix – Indian Business up to Q4 FY 22-23 Channel Mix Direct Broker 30% 33% Bancassurance 1% Dealer 8% Agency 28% 8
Slide 10: Movement in Technical Reserves (Cr)
Movement in Technical Reserves (Cr) 47547 45098 42450 37656 33749 29740 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 9
Slide 11: Financial Snapshot
Financial Snapshot Amount in Crores GWP and PAT 40500 40000 39500 1055 39000 38500 38000 37500 37000 164 38791 36500 36000 36835 35500 35000 2021-22 2022-23 GWP PAT 12
Slide 12: Key Ratios
Key Ratios Incurred Claims Ratio Commission Ratio 99.46% 7.75% 95.59% 7.70% FY 23 FY 22 FY 23 FY 22 Expense Ratio 13.82% 13.49% FY 23 FY 22 13
Slide 13: Key Ratios
Key Ratios Combined Ratio Solvency Ratio 1.87 120.66% 117.15% 1.66 FY 23 FY 22 FY 23 FY 22 ROE 5.53% 1.22% FY 23 FY 22 12
Slide 14: Financials for the Year Ended 31.03.2023
Financials for the Year Ended 31.03.2023 KEY HIGHLIGHTS (Rs. in Crores) Mar-23 Mar-22 Net Worth 19919 18232 Net Worth including Fair Value Change 37957 38191 General Reserves 15791 14785 Investment Assets at Market 86111 83372 Value Solvency Ratio (Times) 1.87 1.66
Slide 15: Segment Information
Segment Information For FY For FY For FY For FY GWP 2022-23 2021-22 YoY % ICR % 2022-23 2021-22 (in crores) (in crores) Fire 71.34 74.67 Fire 6439 6053 6.38 Marine 65.24 76.64 Marine 1055 960 9.90 4513 12.38 Motor OD 109.80 100.05 Motor OD 4016 Motor TP 82.44 83.09 Motor TP 5821 5629 3.41 Health inc
Slide 16: 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 17: Comments of Ms. Neerja Kapur, CMD
Comments of Ms. Neerja Kapur, CMD • “After a challenging FY22 where the company’s performance was adversely affected by COVID claims, the company has delivered good results in FY23. The gross written premium increased by only 5.3% as the company pursued its strategy of growth with profitability, whi
Slide 18: 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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