New India Assurance Co. Ltd. · NSE:NIACL
New India Assurance — The New India Assurance Company — FY2023 Earnings Presentation
18 slides from New India Assurance's earnings presentation, May 30, 2023
Slide 1: Investor Presentation filing letter to exchanges
kTFORT Ori"7 wchti Wr St1004) Cl I-I 5 rases._ THE NEW INDIA ASSURANCE COMPANY LTD. 37 Trer- P (Govt. of India Undertaking) 147/IT8•07C0-4 chttacier : ',et.1711 drat 1-41- 4, 87. irsioil ''ii' Ink, 1:N11 -41f. - 400 001. Phone : 022 2270 8100 022 2270 8400 Regd. & Head Office : New India Assurance B
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, May 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: 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 8: Key Highlights
Key Highlights PARTICULARS for raza, | ferryat 2 | chang GLOBAL GROSS WRITTEN PREMIUM 38791 36835 5.31 NET EARNED PREMIUM 31127 29760 4.59 INCURRED CLAIM 28909 28750 0.55 COMMISSION 2412 2293 5.19 EXPENSES 4300 4014 7.12 INVESTMENT INCOME 10442 6666 56.65 PROFIT BEFORE TAX 1245 160 678.13 PROFIT AFT
Slide 9: 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 10: 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 9
Slide 11: 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% 10
Slide 12: 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 11
Slide 13: Financial Snapshot
Financial Snapshot Amount in Crores GWP- Global Gross Written Premium PAT- Profit after Tax 38791 36835 164 1055.39 PAT 2022-23 2021-22 12
Slide 14: 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 15: 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 14
Slide 16: Segment Information
Segment Information For FY For FY For FY For FY GWP(Global) 2022-23 2021-22 YoY % ICR % (in crores) (in crores) 2022-23 2021-22 Fire 6439 6053 6.38 Fire 71.34 74.67 Marine 1055 960 9.90 Marine 65.24 76.64 Motor 10334 9645 7.14 Motor 97.52 90.06 Health including 17604 Health including 103.33 16093 9.
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
The New India Assurance Company — FY2023 Earnings Presentation on 6ix