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Financial Highlights
| Particulars | 2023-24 | 2022-23 | 2021-22 | 2020-21 | 2019-20 | 2018-19 | 2017-18 | 2016-17 | 2015-16 | 2014-15 | 2013-14 | 2012-13 | 2011-12 | 2010-11 | 2009-10 | 2008-09 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Written Premium | 20,630 | 15,487 | 13,788 | 12,624 | 12,833 | 11,097 | 9,487 | 7,687 | 5,901 | 5,301 | 4,584 | 4,109 | 3,676 | 3,129 | 2,725 | 2,866 |
| Net Written Premium | 9,568 | 8,311 | 7,763 | 7,417 | 8,016 | 7,774 | 6,733 | 5,301 | 4,572 | 4,009 | 3,761 | 3,203 | 2,696 | 2,311 | 1,972 | 2,007 |
| Net Earned Premium | 8,884 | 8,019 | 7,779 | 7,436 | 8,206 | 7,010 | 6,059 | 4,937 | 4,224 | 3,832 | 3,493 | 2,924 | 2,475 | 2,150 | 1,884 | 1,891 |
| Net Incurred Claims | 6,556 | 5,847 | -5,676 | -5,090 | -5,805 | -4,810 | -4,043 | -3,476 | -3,054 | -2,756 | -2,525 | -2,118 | -1,908 | -1,701 | -1,387 | -1,360 |
| Net Commissions | 644 | -366 | 94 | -49 | -92 | -375 | -318 | -36 | -94 | -49 | -135 | -99 | -75 | -40 | -32 | -24 |
| Management Expenses | 1,850 | 2,659 | -2,165 | -2,060 | -2,320 | -1,807 | -1,405 | -1,361 | -1,141 | -943 | -836 | -769 | -672 | -646 | -549 | -599 |
| Underwriting Results | -166 | -121 | 33 | 237 | -11 | 18 | 293 | 64 | -65 | 83 | -4 | -62 | -180 | -238 | -83 | -91 |
| Recurring Investment Income | 1,847 | 1,506 | 1,376 | 1,288 | 1,131 | 1,051 | 898 | 803 | 726 | 648 | 570 | 472 | 366 | 278 | 219 | 204 |
| Non-Recurring Investment Income | 384 | 450 | 529 | 270 | 278 | 95 | 177 | 210 | 111 | 40 | 7 | -4 | -1 | 2 | 9 | 16 |
| Others | -11 | -32 | -144 | -25 | -22 | -12 | -15 | 2 | - | 6 | 14 | 16 | 9 | 20 | 34 | 20 |
| Profit Before Tax | 2,055 | 1,803 | 1,793 | 1,769 | 1,376 | 1,152 | 1,353 | 1,078 | 771 | 777 | 587 | 422 | 194 | 62 | 180 | 150 |
| Provision for Tax | -505 | -455 | -454 | -439 | -377 | -372 | -432 | -350 | -207 | -215 | -178 | -126 | -70 | -19 | -59 | -55 |
| Profit After Tax | 1,550 | 1,348 | 1,339 | 1,330 | 999 | 780 | 921 | 728 | 564 | 562 | 409 | 295 | 124 | 43 | 121 | 95 |
| Shareholder's Equity | 11,474 | 9,806 | 8,822 | 7,524 | 5,642 | 5,164 | 4,466 | 3,535 | 2,790 | 2,225 | 1,664 | 1,255 | 959 | 836 | 793 | 673 |
| Asset Under Management | 31,196 | 27,809 | 24,633 | 23,150 | 18,746 | 17,237 | 14,823 | 10,829 | 9,211 | 7,859 | 6,967 | 5,845 | 4,758 | 3,975 | 2,828 | 2,479 |
| Employee Count (in Nos). | 9,121 | 7,754 | 6,843 | 6,937 | 7,351 | 8,150 | 6,415 | 5,311 | 4,464 | 4,025 | 3,687 | 3,582 | 3,473 | 3,654 | 3,506 | 3,973 |
| Growth in Gross Written Premium | 33.21% | 12.32% | 9.22% | -1.63% | 15.64% | 17.00% | 23.40% | 30.30% | 11.30% | 15.60% | 11.50% | 11.80% | 17.50% | 14.80% | -4.90% | 11.20% |
| Growth in Net Earned Premium | 10.79% | 3.08% | 4.62% | -9.38% | 17.06% | 15.70% | 22.70% | 16.90% | 10.20% | 9.70% | 19.40% | 18.20% | 15.10% | 14.10% | -0.40% | 33.60% |
| Growth Rate of Net Worth | 13.06% | 14.85% | 17.04% | 19.85% | 17.03% | 14.58% | 26.40% | 26.70% | 25.40% | 33.70% | 32.60% | 30.90% | 14.70% | 5.40% | 17.90% | 17.00% |
| Net Retention Ratio | 46.38% | 53.67% | 56.30% | 58.75% | 62.46% | 70.10% | 71.00% | 68.90% | 77.50% | 75.6% | 82.00% | 77.90% | 73.30% | 73.80% | 72.40% | 70.00% |
| Net Incurred Claims to Net Earned Premium | 73.80% | 72.92% | 72.96% | 68.45% | 70.74% | 68.60% | 66.70% | 70.40% | 72.30% | 71.90% | 72.30% | 72.40% | 77.10% | 79.10% | 73.60% | 71.90% |
| Net Commission Ratio | 6.73% | -4.41% | -1.21% | 0.67% | 1.12% | 4.80% | 4.70% | 0.70% | 2.10% | 1.20% | 3.60% | 3.10% | 2.80% | 1.70% | 1.60% | 1.20% |
| Expenses of Management to Net Written Premium Ratio | 49.12% | 44.36% | 39.05% | 38.49% | 39.27% | 33.92% | 29.60% | 32.20% | 31.70% | 30.10% | 28.70% | 30.80% | 31.50% | 33.90% | 34.60% | 37.50% |
| Combined Ratio | 99.86% | 100.50% | 99.64% | 96.89% | 100.83% | 96.69% | 92.30% | 96.80% | 99.30% | 96.70% | 98.10% | 99.50% | 104.80% | 108.90% | 103.00% | 102.90% |
| Technical Reserves to Net Premium Ratio | 207.28% | 207.49% | 194.21% | 191.04% | 152.85% | 160.09% | 141.60% | 141.90% | 136.10% | 129.60% | 138.20% | 141.00% | 144.60% | 138.40% | 131.20% | 108.40% |
| Underwriting Balance Ratio | -0.02 | -0.02 | 0.00 | 0.03 | -0.17% | 0.27% | 4.70% | 1.30% | -1.60% | 2.2% | -0.10% | -2.10% | -7.40% | -10.90% | -4.60% | -5.10% |
| Operating Profit Ratio | 16.94% | 16.21% | 18.20% | 19.23% | 14.45% | 13.54% | 19.30% | 16.20% | 13.10% | 16.00% | 13.20% | 11.00% | 4.40% | -0.8% | 4.50% | 3.70% |
| Liquid Assets to liabilities Ratio | 0.08 | 0.14 | 0.37 | 0.25 | 0.27 | 0.14 | 0.27 | 0.25 | 0.23 | 0.24 | 0.24 | 0.31 | 0.38 | 0.41 | 0.27 | 0.32 |
| Return on Net worth | 14.30% | 14.06% | 16.04% | 18.65% | 16.78% | 15.33% | 20.70% | 20.70% | 20.20% | 25.30% | 24.60% | 23.50% | 12.90% | 5.20% | 15.20% | 14.20% |
| Available Solvency Margin (ASM) to Required Solvency Margin (RSM) Ratio | 3.49 | 3.91 | 3.44 | 3.45 | 2.54 | 2.55 | 2.76 | 2.61 | 2.51 | 1.82 | 1.96 | 1.79 | 1.56 | 1.73 | 1.71 | 1.62 |
Disclaimer
I hereby authorize Bajaj Allianz General Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back at a convenient time. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business. Furthermore, I understand that these calls will be recorded & monitored for quality & training purposes, and may be made available to me if required.
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