New India Assurance Co. Ltd. · NSE:NIACL
New India Assurance — The New India Assurance Company — Q1 FY2024 Earnings Presentation
14 slides from New India Assurance's earnings presentation, Aug 21, 2023
Slide 1: Cover letter: Investor Presentation to stock exchanges
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Slide 2: The New India Assurance Co. Ltd
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Slide 3: Overview
J-41 -04 c4E4 4. 4 Irt<ar_, NEWINDIAASSURAM Or. •<i tr=s1-4 Vie(.1)1•41 *4 ref% The Nevd Indi,3 Assurance Co. L Overview Largest general insurance company in India with an established brand, expansive multi-channel distribution network and strong international presence #1 in India w30 million polici
Slide 4: Overview: Segment Wise Performance in Gross Direct Premium
ti NEWINDIAASSURAM qtr,cl>44116{Ai The Now India Assurance Co. L Overview Amount in Crores Leaders in Segment Wise Performance in terms of Gross Direct Premium Income Underwritten Up to 01 FY 23-24 SEGMENT GDPI Fire 1486 General New India Marine 265 Insurance _Industry Engineering 300 Highest Market
Slide 5: Future Strategy: Increasing return on equity
NEW INDIA ASSURAM 'ft 4.1..1; FR1RI*F4rreftll The New India Assurance Co. L 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 s
Slide 6: Business Mix — Global GWP Up to Q1 FY23-24
ei l r mk. tr'Oit• (IONBVINDIAASSURAN( The w Ind Assura.nce Co. lc. Business Mix — Global GWP Up to Ql FY23-24 Gross Written Premium 11362.49 Cr Others, 9% Fire, 18% Marine, 2% Motor OD, 11% Health & PA, 49% Motor TP, 11% Leadership Beyond...
Slide 7: Distribution Mix — Indian Business Upto Q1 FY 23-24
ef-777: e4:® t. a eett—e-i,1 , trRJR, (ZONEWINDIAASSURANI at ertiTRi ahoft fiifil The New India Assureace Co. I. Distribution Mix — Indian Business Upto Q1 FY 23-24 Channel Mix Broker Direct 35% 35% Bancassurance 1% Dealer 7% Agency 22% Leadership Beyond...
Slide 8: Movement in Technical Reserves
eS s-S,P=r el 417H 1111114 747: NEW INDIA ASSURANC Vr- La EI*4114;4 The Now India Assurarteo Co L Movement in Technical Reserves (Cr 49508 47547 45098 42450 37656 33749 FY 19 FY 20 FY 21 FY 22 FY 23 C2.1 FY 24 Leadership et Beyond...
Slide 9: Financial Snapshot
NEW INDIA ASHUR 1 ...1?- -131.41EF04,tRi The Nev 1 Odle Assurarice Co. L Financial Snapshot Amount in Crores GWP- Gross Written Premium PAT- Profit after Tax 38791 36835 11362 10349 105 164 411111111Ir 411111111111r 41111110r PAT Q1 (2023-24) Q1 (2022-23) 2022-23 2021-22 Leadership Beyond...
Slide 10: Key Ratios
ofelgraillsk lr-z-Ntr.‘ ollE1Y INDIAASSURAN t gwair-f The New India Assurance Cc. I. Key Ratios Incurred Claims Ratio Commission Ratio 96.19% 7.75% 95.59% 7.49% 94.05% 6.56% Q1 FY 24 Q1 FY 23 FY 2-3 Q1 FY 24 Q1 FY 23 F Y 23 Expense Ratio 12.38% 11.77% 1112=====11 Q1 FY 24 01 FY 23 FY 23 Leadership 1
Slide 11: Key Ratios
NEWINDIAASSURANC a l rukRi*Pli et i The N•ew India Assurance Ce. Key Ratios Combined Ratio Adjusted Combined Ratio 117.15% 101.02% 115.45% 112.99% 100.68% Qi FY 24 01 FY23 FY 23 Q1 FY 24 Q1 FY 23 Solvency Ratio ROE 5.26% 5,53% 1.85 2.58% 1.72 Q1 FY 24 Q1 FY 23 FY 23 01 FY 24 Q1 FY 23 FY 23 Leadershi
Slide 12: Segment Information
r) NEW INDIAASSURANt The tlntlis Assurance Segment Information For Q1 For Q1 For Q1 For Q1 GWP 2023-24 2022-23 YoY % ICR 2023-24 2022-23 (in crores) (in crores) Fire 48.25 67.72 Fire 2041 1967 4% Marine 70.78 106.37 Marine 273 273 0% Motor OD 112.70 116.15 Motor OD 1221 885 38% —Motor TP 95.02 84.51
Slide 13: Comments of Ms. Neerja Kapur, CMD
NEW INDIA ASSURANC Comments of Ms. Neerja Kapur, CMD • The company has delivered good results for Q1FY24. The Gross Written Premium increased by 9.8% compared to the same quarter last year. The Company continues to focus on improving the business mix by shedding businesses where premiums are inadequ
Slide 14: About Us
eri'-778.&a -77- ; lc-1•<•)11, NEW INDIAASSURAM tM et The New India Assurance Co. L About Us The New India Assurance Company Ltd, founded by Sir Dorabji Tata in 1919, a Multinational General Insurance Company, today operates in 25 countries and headquartered at Mumbai, India. The Company has been ma
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