Investor Presentaiton
Reserving Triangle Disclosure - Total¹
Incurred Losses and Allocated Expenses (Ultimate Movement)
As at March 31, 2022
Prior*
AY 13
AY 14
AY 15
AY 16
AY 17
AY 18
AY 19
AY 20
AY 21
AY 22
End of First Year
105.47
34.23
44.87
44.37
49.39
59.24
62.46
77.00
87.33
83.76
101.17
One year later
105.54
33.09
43.15
44.19
48.63
59.29
60.42
75.64
85.21
81.82
Two years later
105.48
32.75
43.09
43.83
48.11
58.81
59.34
75.33
84.76
Three years later
106.38
32.69
43.13
43.17
47.72
58.47
58.53
74.73
Four years later
106.91
32.82
42.59
42.96
47.21
58.00
57.62
Five years later
107.15
32.53
42.40
42.35
47.04
57.78
Six years later
107.47
32.55
42.09
42.36
47.01
Seven Years later
107.56
32.60
42.12
42.19
Eight Years later
107.34
32.59
42.11
Nine Years later
107.69
32.59
Ten Years later
107.73
Deficiency/ (Redundancy) (%)
2.1%
-4.8%
-6.2%
-4.9%
-4.8%
-2.5%
-7.8%
-2.9%
-2.9%
-2.3%
Unpaid Losses and Loss Adjusted Expenses
As at March 31, 2022
Prior*
AY 13
AY 14
AY 15
AY 16
AY 17
AY 18
AY 19
AY 20
AY 21
AY 22
End of First Year
16.18
14.63
21.93
21.88
25.43
31.33
38.29
43.57
45.95
43.07
47.54
One year later
9.80
7.51
12.67
14.89
17.36
20.28
21.59
31.09
32.74
27.69
Two years later
7.71
5.98
10.64
12.53
14.47
15.90
17.93
22.82
28.80
Three years later
7.15
4.93
9.16
10.20
12.20
13.04
15.79
20.39
Four years later
6.29
4.37
7.45
8.76
9.99
11.59
13.83
Five years later
5.59
3.47
6.33
7.07
9.09
10.45
Six years later
5.01
3.07
5.19
6.60
8.38
Seven Years later
4.37
2.65
4.76
5.97
Eight Years later
3.56
2.46
4.43
Nine Years later
3.66
2.24
Ten Years later
3.45
ICICI Lombard
Nibhaye Vaade
1As at March 31, 2022; Losses and expenses in the above tables do not include the erstwhile Indian Motor Third Party Insurance Pool (IMTPIP)
Merged entity numbers are presented for all the financial years
AY: Accident Year
billion
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