Journey Simplification and Business Resilience
Financial and operational snapshot (2/2)
H1 FY22
H1 FY21
FY21
FY20
FY19
Overall New Business Margins (post overrun)
26.4%
25.1%
26.1%
25.9%
24.6%
Operating Return on EV
(1)
18.4%
17.6%
18.5%
18.1%
20.1%
Operating Expenses / Total Premium
12.0%
11.1%
12.0%
13.1%
13.1%
Total Expenses (OpEx + Commission) / Total Premium
16.3%
15.3%
16.4%
17.7%
17.0%
Return on Equity
(2)
13.5%
21.0%
17.6%
20.5%
24.6%
Solvency Ratio
190%
203%
201%
184%
Persistency (13M / 61M)
(3)
91%/56%
88%/53%
90%/53%
88%/54%
188%
84%/51%
Market Share (%)
- Individual WRP
- Group New Business
- Total New Business
Business Mix (%)
16.2%
17.5%
15.5%
14.2%
12.5%
28.1%
27.4%
27.6%
29.0%
28.4%
22.3%
23.3%
21.5%
21.5%
20.7%
- Product (UL/Non par savings/Annuity/Non par protection/Par)
(4)
- Indl Distribution (CA/Agency/Broker/Direct)
(4)
- Total Distribution (CA/Agency/Broker/Direct/Group)
(5)
- Share of protection business (Basis Indl APE)
- Share of protection business (Basis Overall APE)
26/32/5/7/30 23/30/5/9/33
60/13/6/21 60/13/6/21
23/6/2/17/52 23/6/2/18/51
6.6%
8.5%
13.9%
12.1%
24/31/5/7/34 28/41/4/8/19 55/15/5/7/18
61/13/7/19 55/14/9/22 64/13/4/19
25/6/2/17/50 23/7/3/17/51 26/7/2/16/49
6.8%
7.6%
6.7%
12.8%
17.2%
16.7%
- Share of protection business (Basis NBP)
21.4%
14.1%
19.6%
27.6%
27.0%
1.
2.
3.
Pre excess mortality reserve (EMR) EVOP% is 18.4%; Post accounting for EMR, EVOP% stands at 16.1%
Calculated using net profit and average net worth for the period (Net worth comprises of Share capital, Share premium and Accumulated profits)
Individual persistency ratios (based on original premium)
4.
Based on individual APE. UL: Unit Linked, Trad: Traditional, Par: Participating & CA: Corporate Agents. Percentages are rounded off
5.
Based on total new business premium including group. Percentages are rounded off
56
HDFC
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