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.