Bajaj Allianz Corporate Update

BAGIC - Key Highlights Q1 2023-24 B Allianz BAJAJ Caringly yours Revenue Growth Loss Ratio (LR) and Combined Ratio (COR) Profit after tax (PAT) and Capital Position ■ GDPI grew by 22.2% in Q1 FY24 as against Private sector growth of 21.2% and Industry# growth of 16.5% ■ Ex. Crop & Govt. Health, Q1 FY24 GDPI grew by 26.7% v/s Private sector growth of 21.3% and Industry# growth of 16.5% ■ Ex. Crop & Govt. Health growth for Q1 FY24 was attributable to Motor (26.0%), Retail & Group Health (11.9% & 43.0%), Commercial lines (22.1%), and P.A. (30.3%) ■ Q1 FY24 growth was better than industry in almost all segments ■ In Q1 FY24, overall motor grew by 26% - 2W (40%), 4W (28%) and CV (15%) ■ For Q1 FY24, LR stands at 74.3% as against 77.9% in Q1 FY23 ■ Claim Ratio was better than PY which was attributable to: ■ Lower claims in Motor and Commercial segments partially offset by higher health claims (higher severity) and one-off impact of: ■ Rs. 15 crore (net) impact taken with respect to Osmanabad Kharif 2020 Crop season 'Biparjoy' cyclone claim of Rs. 10 crore (net) ■ COR decreased to 100.7% in Q1 FY24 v/s 104.6% in Q1 FY23 ■ Q1 FY24 PAT stands at Rs. 415 Cr v/s Rs. 411 Cr in Q1 FY23 ■ Muted PAT growth attributable to lower realized gains and impairment provision of unlisted equity of Rs. 10 Cr offset by higher current income and lower COR ■ Solvency Ratio stands at a healthy 388% as on 30 June 2023 Source: IRDAI Monthly Business Figures & GIC Council Segmental Reports #Industry growth excluding specialised insurers and Standalone Health Insurers | *Commercial Lines - Fire, Engineering, Marine & Liability 20 20

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