New India Assurance Co. Ltd. · NSE:NIACL
New India Assurance — The New India Assurance Company — FY2024 Earnings Presentation
17 slides from New India Assurance's earnings presentation, May 22, 2024
Slide 1: Investor Presentation cover letter to stock exchanges
VR-gzri 7EORT 14-1 s ,-;„ - (RTTff 1W-I) 31 37Ait THE NEW INDIA ASSURANCE COMPANY LTD. cP 11 T RAT (Govt. of India Undertaking) ti*fff-cr41111T4 : ftqr - 87, i-tic-4-1r 'nit HO, *it 441 - 400 001. Phone : 022 2270 8100 022 2270 8400 Regd. & Head Office : New India Assurance Bldg., 87, M.G. Road, For
Slide 2: The New India Assurance Co. Ltd.
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Slide 3: Investor Presentation FY 2023-24
The New India Assurance Co. Ltd fk NEW INDIA ASSURANCE 114-41. Investor Presentation The New India Assurance Co. Ltd FY 2023-24
Slide 4: Agenda
Agenda >Industry Overview ➢Company Overview > Financial Performance ➢Segmental Performance
Slide 5: Industry Overview
NEW INDIA ASSURANCE fof-trtg. Industry Overview The New India Assurance Co. Ltd Leader in Segment Wise Performance in terms of Gross Direct Premium Income Underwritten Up to FY 23-24 Market leader in Major segments I FIRE 4394 New India MARINE 984 ENGINEERING 1090 II Highest Market Segments showing
Slide 6: Company Overview
NEW INDIA ASSURANCE Pe Company Overview TheNew India Assurance Co. Ltd HIGHE PRESENCE IN 25 COUNTRIE 105 1840+ OFFICES IN INDIA. NT DO ET POS TION RISIL RATINGS TION ECTOR E IN CUSTOMER SERVICE AND TECHNOLOGY CONSISTENT MARKET LEADERSHIP & GROWTH
Slide 7: ESG Initiatives
ESG Initiatives NEW INDIA ASSURANCE ft . :L*1-:-•st-ii Livf-41,4.--ti - tr'41. ilifas 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 g
Slide 8: Future Strategy
NEW INDIA ASSURANCE -ft . 1,*f=-s-41 Qv -41.--,-1 .(=r- 41 Future Strategy The New India Assurance Co. Ltd Increasing return on equity RATIONALISATION OF INCREASE IN MARKET SHARE OPERATING OFFICES. LEVERAGE TECHNOLOGY IMPROVING PROFIT TO DRIVE CUSTOMER INCREASING DIGITAL SATISFACTION, MARGIN BY LEVE
Slide 9: Distribution Mix — Indian Business for FY 23-24
NEW INDIA ASSURANCE fk Poftlt-g. The New India Assurance Co. Ltd Distribution Mix — Indian Business for FY 23-24 Direct Broker 29% 33% Bancassurance 1% Dealer Agency 9% 28%
Slide 10: Financial Performance
NEW INDIA ASSURANCE *i.--.s441 fps Financial Performance The New India Assurance Co. Ltd Particulars FY 2023-24 (in Cr.) FY 2022-23 (in Cr.) Growth GDPI 40363 37482 7.68% GWP 41996 38791 8.26% NEP 34028 30244 12.51% Profit after tax 1129 1055 7% Net Worth 21135 19920 6.09% Net Worth including Fair V
Slide 11: Product Mix GWP FY 23-24
Product Mix I GWP FY 23-24 The Nev Others, 11% Fire, 16% Marine, 2% Motor OD, 12% Health & PA, 45% Motor TP, 14%
Slide 12: Movement in Technical Reserves (Cr)
NE The New I Movement in Technical Reserves (Cr) 50114 47547 45098 42450 37656 33749
Slide 13: Key Ratios
NEW INDIA ASSURANCE ft f - zrr 1-!v-41-ti . tr41 ff-*T-d - The New India Assurance Co. Ltd Key Ratios Ratios FY 23-24 FY 22-23 Incurred Claim Ratio 97.36 95.59 Commission Ratio 8.74 7.75 Expense Ratio 14.89 13.82 Combined ratio 120.99 117.15 Solvency Ratio 1.81 1.87 ROE 5.50 5.53
Slide 14: Financials for the Year Ending 2023-24
The New India Assurance Company Limited Thee Financials for the Year Ending 2023-24 (Rs. in Crores) FY 23-24 FY 22-23 Net Worth eminimminOr 21135 19920 Net Worth including Fair Value Change 44704 37957 General Reserves 16602 15791 Investment Assets at Market 95910 86111 Value 1.81 j 1.87 Solvency Ra
Slide 15: Segmental Performance
NEW INDIA ASSURANCE ft The New India Assurance Co. Ltd Segmental Performance Gross Written Premium Net Earned Premium Incurred Claim Ratio FY 23- FY 22-23 YOY% FY 23-24 FY 22-23 YOY% FY 23-24 FY 22-23 Fire 6743 6438 4.73% 3279 8,43% L80.08 71.34 Marine 1032 1055 -2.18% 552 11 52711 4.74% 48.14 65.24
Slide 16: Comments of the Executive Director - Mr. Titus Francis
NEW INDIA ASSURANCE ct;'Ll ic̀if as The New India Assurance Co. Ltd Comments of the Executive Director - Mr. Titus Francis New India Assurance reports 128.4% growth in profit after tax in Q4FY24 "New India Assurance has delivered excellent results in FY24 despite adverse impact of several catastroph
Slide 17: Thank You!
NEW INDIA ASSURANCE 1-2.v•441.--ti - Al fWAtg- ri- The New India Assurance Co. Ltd Thank You!
The New India Assurance Company — FY2024 Earnings Presentation on 6ix