Performance update: 9M-FY2023

January 17, 2023

Agenda

  • Company strategy and performance
  • Opportunity
  • Industry overview

Agenda

  • Company strategy and performance
  • Opportunity
  • Industry overview

Key strategic elements

Protection

Customer

centricity

Premium

VNB

Persistency

continues to

Growth

Growth

be at core

Productivity

Integrating

ESG with business management

Aspiration to double FY2019 VNB in four years

4

Premium growth

Premium

• Focus on agency & direct to consumer channels

•

Continue to expand bank partnerships

growth

•

Sustain growth in annuity line of business

Channels

FY2022

Q3-

Y-o-Y

9M-

Y-o-Y

FY2023

growth (%)

FY2023

growth (%)

Agency

18.28

5.16

3.2%

13.78

9.9%

Banca (ex-ICICI Bank)

10.85

2.31

2.2%

7.20

20.6%

Direct

9.97

2.62

2.7%

6.76

0.9%

Partnership distribution

7.16

2.14

31.3%

6.18

41.4%

Group

11.80

3.28

31.2%

10.44

40.7%

Sub-total

58.06

15.52

11.3%

44.36

19.9%

ICICI Bank

19.26

2.69

(49.7%)

9.05

(36.4%)

Total APE

77.33

18.21

(5.6%)

53.41

4.2%

New business premium

150.36

39.28

112.87

Annualised premium equivalent (APE)

5

New business premium (as reported to IRDAI)

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Disclaimer

ICICI Bank Ltd. published this content on 17 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 January 2023 13:20:05 UTC.