Investor Presentation Q3FY23

Kotak Mahindra Life Insurance cr Q3FY23 Q3FY22 Q2FY23 FY22 Gross written premium (* cr) kotak 3,623 3,108 3,250 13,015 Capital 562 562 562 562 Other Reserves and Surplus 4,560 3,560 4,230 3,827 1,754 1,525 1,540 6,461 Total Premium 3,623 3,108 3,250 13,015 963 779 920 3,253 333 317 321 1,320 Profit After Tax 574 486 469 1,981 330 247 270 425 (Shareholders') Q3FY23 Q3FY22 Q2FY23 FY22 Solvency Ratio (x) 2.88 2.66 2.79 2.73 Ind Reg Ind single Group Ind Renewal Gross written premium Q3FY23 grew 16.6% YoY Ind APE 607 518 501 % 2,113 Individual APE NB premium for Overall protection premium for Q3FY23 grew 17.3% (Private industry growth of 15.6%) Q3FY23 grew 40.8% YoY. AUM (Policyholders') as on 31st Dec, * 56,643 cr, growth 15.1% YoY. Death claims at pre Covid level. Death Claims net of reinsurance Q3FY23 amounted to * 329 cr (Q3FY22: 366 cr) Number of active lives # grew by 28.8% from 3.4 cr as on Dec 31, 2021 to 4.4 cr as on Dec 31, 2022 # Source - Internal core Policy Administration System as of 31st Dec, 2022 18

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