New India Assurance Co. Ltd. · NSE:NIACL
New India Assurance — The New India Assurance Company — Q1 FY2024-25 Earnings Presentation
17 slides from New India Assurance's earnings presentation, Aug 8, 2024
Slide 1: Cover letter to exchanges: Investor Presentation
(-17-6 t4tchli VE41- 41 3140)14) 8 7. zir7rt- THE NEW INDIA ASSURANCE COMPANY LTD. (Govt. of India Undertaking) 1:171TFO' s1 i'1 : 87, "TTNI +API, it4 - 400 001. Phone : 022 2270 8100 022 2270 8400 Regd. & Head Office : New India Assurance Bldg., 87, M.G. Road, Fort, Mumbai - 400 001. Website : www.
Slide 2: f, 11 zf -̀ 47471 evol 1.10T41 fInftehr
f, 11 4m-A tr.drier zf-̀47471 evol 1.10T41 fInftehr The New India Assimince Co. Ltd.
Slide 3: Investor Presentation for Period Ending 30th June 2024
The New India Assurance Co. Ltd NEW INDIA ASSURANCE *P-s f Nftit Investor Presentation The New India Assurance Co. Ltd For Period Ending 30th June 2024
Slide 4: Agenda
NEW INDIA ASSURANCE fa if-trtg Agenda The New India Assurance Co. Ltd >Industry Overview ly nxicarwin >Financial Performance >Segmental Performance
Slide 5: Industry Overview
NEW INDIA ASSURANCE f -firtg Industry Overview The New India Assurance Co. Ltd Leader in Segment Wise Performance in terms of Gross Direct Premium Income Underwritten For Q1 FY 2024-25 Market leader in Major segments SEGMENT GDPI ( in cr.) FIRE 1388 Insurance New India MARINE 256 Industr ENGINEERING
Slide 6: Company Overview
NEW INDIA ASSURANCE •-5 ?-4 1 L •Z4 •t•-•ti -raftrtg. Company Overview The New India Assurance Co. Ltd 5 CO NI MINANT DOMESTIC MARKET
Slide 7: ESG Initiatives
ESG Initiatives NEW INDIA ASSURANCE 7j, s The New India Assurance Co. Ltd Environmental • Reducing carbon footprints by sustainable practice • Green energy solutions and Digital process Governance Social • Implemented various • Involved in various social governance practices initiatives like educati
Slide 8: Future Strategy: Increasing return on equity
NEW INDIA ASSURANCE *PS‹,11 V../ V <-1) •••-•<1 ..14-41. feftitg Future Strategy f The New India Assurance Co. Ltd Increasing return on equity INCREASE IN MARKET SHARE r RATIONALISATION OF OPERATING OFFICES. r LEVERAGE TECHNOLOGY IMPROVING PROFIT TO DRIVE CUSTOMER INCREASING DIGITAL SATISFACTION, MA
Slide 9: Distribution Mix — Indian Business for Q1 FY 2024-25
NEW INDIA ASSURANCE fa . 1, * --s•Li 1 t.i.v -.il ~- fch s The New India Assurance Co. Ltd Distribution Mix — Indian Business for Ql FY 2024-25 Broker 30% Direct 36% Bancassurance 1% Dealer 8% gency 25%
Slide 10: Financial Performance
NEW INDIA ASSURANCE . 1,*f:"Se-11 ` -"t1 ' 14- 41* PO-FILT-6 Financial Performance The New India Assurance Co. Ltd Particulars Q1 FY 2024-25 Q1 FY 2023-24 Growth GDPI 10536 10212 3.17% GWP 11788 11362 3.74% NEP 8503 7919 7.37% Profit after tax 217 260 -16.53% Net Worth 21343 ZUZbU 5.39% Net Worth in
Slide 11: Product Mix GWP Q1 FY 24-25
Product Mix fa- NEW INDIA ASSURANCE tv?-1 ,t,-(-1" 1:141 s GWP 01 FY 24-25 The New India Assurance Co. Ltd Others, 10% Fire, 16% Marine, 2% Motor OD, 10% Health & PA, 50% Motor TP, 12%
Slide 12: Movement in Technical Reserves (Cr)
NEW INDIA ASSURANCE fa ?-1 I fM-t4t-g The New India Assurance Co. Ltd Movement in Technical Reserves (Cr) 50114 51638 49508 47547 45098 42450 37656 FY 20 FY 21 FY 22 FY 23 FY 24 01 FY 23-24 01 FY 24-25 11
Slide 13: Key Ratios
NEW INDIA ASSURANCE I L.) •t POrPtg The New India Assurance Co. Ltd Key Ratios Ratios Q1 FY 2024-25 Q1 FY 2023-24 Incurred Claim Ratio 95.98 96.19 Commission R atio 8.49 7.49 Expense Ratio 11.58 11.77 Combined ratio 116.05 115.16 Solvency Ratio 1.83 1.85 4.09 5.18
Slide 14: Financials for the Period Ended 30th June 2024
The New India Assurance Company Limited NEW INDIA ASSURANCE :L* The New India Assurance Co. Ltd Financials for the Period Ended 30th June 2024 (Rs. in Crores) Q1 FY Q1 FY 24-25 23-24 Net Worth 21343 20250 Net Worth including Fair Value Chan !e 47703 38487 General Reserves 16819 16051 Investment Asse
Slide 15: Segmental Performance
NEW INDIA ASSURANCE • 1* -s<4 *AT- 41 iNftitg The New India Assurance Co. Ltd Segmental Performance Gross Written Premium Net Earned Premium Incurred Claim Ratio YOY% Q1 FY 24-25 Q1 FY 23-24 YOY% Q1 FY 24-25 Q1 FY 23-24 7.85 48.25 v i0.36roing 111W145 111111 1218 1111 1 22.881 9.63% 56.19 114.82 70.
Slide 16: Comments of the CMD- Ms Girija Subramanian
NEW INDIA ASSURANCE f :1 f"---ar Livt.41-t--ti 1. Perti-d\-g- The New India Assurance Co. Ltd Comments of the CMD- Ms Girija Subramanian The New India Assurance Company reports Profit After Tax of 217 Cr for the quarter ending June 2024 "The gross written premium growth was muted at 3.74% as the com
Slide 17: Thank You!
NEW INDIA ASSURANCE fk I tt 44) .-"t1 . /CE- 41 The New India Assurance Co. Ltd Thank You!
The New India Assurance Company — Q1 FY2024-25 Earnings Presentation on 6ix