BFL Loan Loss Provision and Operating Expenses
BAGIC - Key Highlights
Q1 FY 2021-22
BAJAJ Allianz
Revenue Growth
Gross Written Premium
(Segmental Performance)
Loss Ratio (LR)
Combined Ratio (COR).
Profit after tax (PAT)
■GDPI grew by 9.1% in Q1 FY22 as against Industry* growth of 11.1%
Ex. Crop & Govt. Health, Q1 FY22 GDPI grew by 10.8% vs Industry growth of
11.6%
■ Growth in Q1 was driven by Motor 4W (10.3%), 2W (23.0%),
commercial lines (14%) & Retail Health (30.8%); CV segment de-grew
by -2.8%
In Q1, most retail lines faired better than the market growth
■ Overall motor growth of 7.1% was more than the industry growth of
3.1%, Fire growth of 11% (Industry: 4.1% growth), Engineering growth of
26.9% (Industry: 32.6% growth) & Liability growth of 21.3% (Industry: 22.8%).
Overall commercial lines for Industry grew at 8.2%
■LR at 75.9% as against 68.1 % in Q1 FY21 mainly on account of higher
COVID claims
LR increased by 1.2% on account of claims pertaining to cyclone.
Tauktae & Yaas
Despite lower acquisition cost and expense, COR increased to 103.4% as
against 97.6% in Q1 FY21 on account of higher loss ratio. Underwriting profit
however of Rs. 150 Mn despite high COVID claim s
Although claims ratio increased significantly, Q1 FY22 PAT de-grew by just
8% on account impact of higher investment income and higher realized gains of
Rs. 1,321 Mn vs Rs. 604 Mn in Q1 FY22
Source: IRDAI Monthly Business Figures & GIC Council Segmental Reports
#Industry growth excluding specialised insurers and Standalone Health Insurers, *Commercial Lines - Fire, Engineering & Liability
23View entire presentation