NICOZ DIAMONDShort term Insurance, Long term benefits

NDI RESULTS

PRESENTED BY NDI EXCO MEMBERS

BUSINESS OPERATING ENVIROMENT

Slow economic recovery – some businesses are operating below capacity or are completely shutting down

Liquidity constraints & low disposable incomes

Stiff competition creating pressure on profit margins

Depressed financial markets performance

BUSINESS OPERATING ENVIROMENT…..

Rising cost of claims

Lack of access to offshore capital due to perceived high country risk

Uncertainty over the Indigenization Act

High operating expenses

GDP

(USD Billions)

2010 PROJ.

Proj GDP

Growth

INFLATION –

Jun 2010

SHORT-TERM

INS MARKET

SIZE (USD

Millions)

Insurance

Penetration

ZIM 5.517 5.4% 5.3% 76.7 2.1%

MAL 4.78 8.2% 7.5% 50 2.2%

ZAM 16.072 18.1% 7.8% 165 1.2%

UGAN 17.703 -0.47% 4.4 91 0.6%

NAM 10.48 2.6% 9.1% 180 2.3%

TANZ 24.48 6.7% 7.2% 115.3 0.7%

BOTS 12.935 9.9% 7.7% 150 3.9%

RWA 5.693 6.4% 1.98% 30 1.0%

ANGOLA 68.755 26.0% 13.740% 600 0.9%

REGIONAL MACRO ECONOMIC & INSURANCE DATA

PERFORMANCE OVERVIEW $’000NDI FICO TSM GROUP

GPW 7,217 1,105 8,322NPW 4,929 759 5,688NPE 4,146 708 4,854Net Losses Inc 1,624 195 1,820

Net Comm 697 52 749

Mgt Exp. 2,275 644 2,871

U/W (Loss)/Profit

(450) (183) (585)

Inv. (Loss)/Income

(719) 45 136 (585)

(Loss)/PBT (1,169) (138) 136 (1,171)

PERFORMANCE HIGHLIGHTSGPW – GROUP NPW - GROUP

U/W PROFIT - GROUP COMBINED PROFIT - GROUP

Reduced

Strong

Capital

Base

2.5 M

5.69 M

H1:2009H1:2009 H1:2010H1:2010

H1:2009

$386,227

H1:2009

$386,227H1:2010H1:2010

$(584,901$(584,901

H1:2009

$1.261 M

H1:2009

$1.261 MH1:2010H1:2010

$(1.169M)$(1.169M)

$5.9 M$8.3 M

GROUP KEY TECHNICAL RATIOS

BUSINESS MIX

09

BUSINESS CLASS PERFORMANCE

Class

% Contr

to GPW

% Contr

to

Claims

Class

Retentio

n

Class

Loss

Ratio

Growth

Rates

Fire 25.9% 4.0% 52.8% 7.4% 43%

Marine 1.6% 0.1% 46.0% 2.0% -83%

Motor 48.7% 80.2% 86.0% 61.6% 56%

Eng 3.5% 8.1% 64.0% 58.8% 129%

Accident 11.6% 8.0% 75.3% 16.9% 61%

Aviation 7.0% 0.0% 1.2% -3.2% 317%

Farming 0.7% 0.2% 60.5% -8.4% 77%

Credit

Insurance 1.0% 0.1% 52.5% -2.0% 340%

Total 100.0% 100.0% 68.3% 39.2% 44%

NUMBER OF POLICIES

COMPARATIVE BENCHMARK RATIOS

NDI

*JUNE

2010

%

ZIM

Mar 10

%

MAL

2009

%

S.A

2009

%

ZAM

2009

%

UGA

09

%

INT.

B/M

%

Ret.

Ratio

68 49 75 89 70 73 80

CI/EP 39 20 60 67 39 25 65

U/W/NP

W

-9 10 4 4 3 4 10

EXP/GP

W

32 15 19 14 28 45 15

EXP/NP

W

46 27 27 21 50 63 25

INVESTMENT PORTFOLIO MIX - GROUP

INVESTMENT INCOME MIX

KEY INVESTOR RATIOS

Jun-10 Dec-09 Jun-09

Basic EPS (0.09 cents) 0.53 cents 0.24 cents

Diluted EPS (0.09 cents) 0.51 Cents 0.23 cents

Share Price 2 cents 4 cents 2 cents

NAVps 2.1 cents 1.4 cents 0.7 cents

Current Ratio 2.41 2.19 1.38

Cost/Income 41% 26% 11%

SHARE PRICE PERFORMANCE

Performed

below

Industrial

IndexIndustrial Index

NDI Share

GROUP TRADING UPDATE HIGHLIGHTS

NICOZDIAMOND IN THE COMMUNITY

NDI DONATING FOODSTUFFS

Donated Food Stuff and Cash to ThembisoChildren Home, an orphanage home in Bulawayo

Charity Dinner

Raised funds to be distributed to underprivileged members of society

NICOZDIAMOND donated sanitary ware to Chikurubi Women Inmates

INMATES AT CHIKURIBI PRISON

KEY DEVELOPMENTS

ISO CERTIFICATION

• Recertified to ISO 9001:2008

Claims Paying Ability

• Rated A- for good claims paying ability by GCR

We are the only listed short-term insurer

We have an A- rating for claims paying ability

We are the only ISO 9001-2008 certified short-term insurer in Zimbabwe

Our wide product range is relevant and reliable

We have the largest capital base

We have the largest market share by net premium written

WE DO NOT WANT TO BOAST BUT….

FOCUS AREAS

•Growing Top -Line

•Proper risk assessment & rating

•Control Operating Expenses

•Realigning Investment portfolio

•Improve Productivity

QUESTIONS

AND

ANSWERS