New India Assurance Co. Ltd. · NSE:NIACL
New India Assurance — The New India Assurance Company — H1 FY2023-24 Earnings Presentation
15 slides from New India Assurance's earnings presentation, Nov 10, 2023
Slide 1: Exchange filing cover letter: Investor Presentation
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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 104 years of oper
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 23-24 Market leader in Major segments SEGMENT GDPI Fire 2172.58 General Insurance New India Marine 476.48 Industry Engineering 537.03 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 FY23-24
Business Mix – Global GWP Up to H1 FY23-24 Gross Written Premium 20760 Cr Others, 10% Fire, 16% Marine, 2% Motor OD, 12% Health & PA, 47% Motor TP, 13% 5
Slide 7: Distribution Mix – Indian Business Upto H1 FY 23-24
Distribution Mix – Indian Business Upto H1 FY 23-24 Channel Mix Direct Broker 31% 35% Bancassurance 1% Dealer 8% Agency 25% 6
Slide 8: Movement in Technical Reserves (Cr)
Movement in Technical Reserves (Cr) 50178 47547 45098 42450 37656 33749 FY 19 FY 20 FY 21 FY 22 FY 23 H1 23-24 7
Slide 9: Financial Snapshot
Financial Snapshot Amount in Crores GWP- Gross Written Premium PAT- Profit after Tax 38791 36835 20760 19198 1055 151.93 60.24 164 PAT H1 (2023-24) H1 (2022-23) 2022-23 2021-22 8
Slide 10: Key Ratios
Key Ratios Incurred Claims Ratio Commission Ratio 101.03 8.82 96.94 7.75 95.59 7.53 H1 FY 24 H1 FY 23 FY 23 H1 FY 24 H1 FY 23 FY 23 Expense Ratio 13.82% 13.13% 12.60% H1 FY 24 H1 FY 23 FY 23 10
Slide 11: Key Ratios
Key Ratios Combined Ratio Solvency Ratio 122.98 1.87 1.77 117.06 117.15 1.70 H1 (23-24) H1 (22-23) FY 23 H1 (23-24) H1 (22-23) FY 23 ROE 5.53% 1.65% 0.30% H1 (23-24) H1 (22-23) FY 23 10
Slide 12: Segment Information
Segment Information For H1 For H1 For H1 For H1 GWP 2023-24 2022-23 YoY % ICR % (in crores) (in crores) 2023-24 2022-23 Fire Fire 98.34 71.13 3329 3242 2.68 Marine Marine 50.80 88.43 501 528 -5.11 Motor OD Motor OD 110.13 114.12 2558 1930 32.54 Motor TP Motor TP 91.23 85.61 2678 2547 5.14 Health inc
Slide 13: Financials for the Half Year Ended 30.09.2023
The New India Assurance Company Limited Financials for the Half Year Ended 30.09.2023 (Rs. in Crores) Sep-23 Sep-22 Mar-23 Net Worth 19830 18574 19920 Net Worth including Fair Value 41638 37882 37957 Change Investment Assets at Market 89839 84655 86111 Value Solvency Ratio (Times) 1.70 1.77 1.87
Slide 14: Comments of Ms. Neerja Kapur, CMD
Comments of Ms. Neerja Kapur, CMD • Q2FY24 was one of the most challenging quarters for the company in recent times. The company suffered CAT losses on account of floods amounting to net of Rs 301 Cr during the quarter. • There was adverse development in the aviation portfolio of about 50 Cr. The fo
Slide 15: 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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