H12022 Performance Review

Agenda

  • Company Strategy
  • Financial Performance
  • Update- Scheme of Arrangement
  • ESG Initiatives
  • Industry Overview

Agenda

  • Company Strategy
  • Financial Performance
  • Update- Scheme of Arrangement
  • ESG Initiatives
  • Industry Overview

ICICI Lombard General Insurance - Pillars of Strength

Consistent Market

Leadership and

growth

  • Leading private sector non-life insurer in India since FY2004 (GDPI basis)
  • 13 years GDPI CAGR* for IL: 11.7%
  • Market share H12022 (GDPI basis): 7.9%

Diverse products and multi-channel distribution

• Comprehensive and

diverse product

portfolio

• Individual Agents^

78,035

• Expanding distribution

network to increase

penetration in Tier 3

and Tier 4 cities

• Number of Virtual

Offices: 852

Excellence in

Customer service and Technology

  • Leveraging on Artificial Intelligence, Machine Learning, IoT etc. throughout the customer life cycle
  • Dedicated "digital arm" to improve speed of delivery for D2C business

Risk

Management

  • Profitable growth using risk selection and data analytics
  • Maintain robust reserves
  • Prudent investment management

Capital

Conservation

  • Maintain high level of Solvency against regulatory minimum requirement of 1.50x
  • Solvency 2.49x as at September 30, 2021

^ including POS

IoT - Internet of Things

*Standalone IL

Merged figures are presented from April 1, 2021 onwards, hence prior years are not comparable. 4

Key Highlights

Particulars

FY2020

FY2021

H12021

H12022

(₹ billion)

Actual

Actual

Actual

Actual

Gross Written Premium

135.92

143.20

66.49

87.76

Gross Direct Premium Income (GDPI)

133.13

140.03

64.91

86.13

GDPI Growth

-8.1%

5.2%

0.8%

32.7%

Combined Ratio

100.4%

99.8%

99.8%

114.3%

Profit after Tax

11.94

14.73

8.14

6.41

Return on Average Equity

20.8%

21.7%

24.9%

15.2%

Solvency Ratio

2.17x

2.90x

2.74x

2.49x

Book Value per Share

134.97

163.56

152.92

176.32

Basic Earnings per Share

26.27

32.41

17.91

13.07

  • H12022 includes impact of Covid claims on health book of ₹ 5.61 billion as against ₹ 1.15 billion in H12021 and ₹ 3.39 billion in FY2021

Merged figures are presented from April 1, 2021 onwards, hence prior years are not comparable. 5

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Disclaimer

ICICI Bank Ltd. published this content on 21 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 October 2021 07:53:02 UTC.