Multi-Pronged Risk Management and Protection Philosophy
Accounting
Economic
Profit
Focus on profitable growth.
Profit
FY19
FY20
FY21
Q1
FY21
Q1
FY22
New business Margin
24.6%
25.9%
26.1%
24.3%
26.2%
Value of new business
15.4
19.2
21.9
2.9
4.1
Profit after tax (PAT)
12.8
13.0
13.6
4.5
3.0
Underwriting profits
9.0
10.9
7.3
3.5
0.42
Shareholders' surplus
3.8
2.11
6.3
1.0
2.6
32.3
29.9
25.5
8.8
6.5
Underwriting profits breakup
-5.4
-6.1
-16.5
-19.1
-25.0
Lower due to
additional claims
reserves
Rs bn
growth
Profitable
Diversified
distribution mix
leading
Market-
Reimagining
Quality of
insurance
innovation
management
Board and
FY19
FY20
FY21
Q1 FY21
Q1 FY22
■Backbook Surplus
■New Business Strain
HDFC
1.
FY20 shareholder surplus: Post accounting for impact of Yes Bank AT1 bonds write-off
2.
Q1 FY22 underwriting profits: Post accounting for impact of excess mortality reserve (EMR) of Rs 7 bn
Life
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