Max India Limited Financial Overview
MAX
Max Life Insurance
MAX
LIFE
INSURANCE
Key Business Drivers
Quarter Ended
Y-o-Y
Year Ended
Unit
Mar'15
Mar'14
Growth
Mar'15
Mar'14
Y-O-Y
Growth
a) Individual Adjusted Premium (APE*)
Rs. Cr.
668
607
10%
1,948
1,769
10%
b) Gross written premium income
Rs. Cr.
First year premium
Renewal premium
658
623
6%
1,925
1,787
8%
1,845
1,651
12%
5,599
5,017
12%
Single premium
222
159
39%
648
474
37%
Total
2,724
2,433
12%
8,172
7,279
12%
c) Shareholder Profit (Pre Tax)
Rs. Cr.
121
121
477
503
-5%
d) Policy Holder Expense to Gross Premium
%
12.8%
14.6%
180 bps
16.1%
17.4%
130 bps
e) Conservation ratio**
%
81.1%
83.7%
(260 bps)
82.3%
80.0%
225 bps
f) Average case size (Agency)
Rs.
36,511
30,316
20%
34,007
29,127
17%
g) Case rate per agent per month
No.
0.36
0.41
-11%
0.31
0.41
-24%
h) Number of agents (Agency)
No.
42,505
42,620
i) Paid up Capital (Incl Share Premium &
capital reserve)***
Rs. Cr.
2,013
2,127
-5%
j) Individual Policies in force
No. Lacs
k) Sum insured in force (Including Group)
Rs. Cr.
36.7
36.3
1%
2,26,540
2,01,098
13%
*Individual First Year Premium adjusted for 10% single pay
**Conservation Ratio = Renewal Premium for the current period / (First Year + Renewal Premium for the previous period)
50
*** Due to buyback of 1% stake from Axis Bank as per the agreed arrangement and proportionate stake from MSI to maintain foreign holding at 26%View entire presentation