ICICI Lombard General: Investor Presentation for quarter ended September 30, 2021
October 20, 2021
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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.
ICICI Bank is the 2nd banking group in India. Revenue (including intragroup) breaks down by activity as follows:
- retail banking (28.8%);
- market bank (26.4%);
- life insurance (17.9%);
- corporate banking (16.7%);
- non-life insurance (5.4%);
- other (4.8%).
At the end of March 2019 the group had INR5,866.5 billion in current deposits and INR6,529.2 billion in current credits.
Products and services are marketed primarily through a network of 4,874 branches located in India.
India accounts for 95.1% of revenue.