Investor Presentaiton
BAGIC-Key Highlights
Q4 2021-22
BBAJAJ Allianz
Revenue Growth
Segmental Performance
(Gross Direct Premium
Income)
Loss Ratio (LR)
Combined Ratio (COR)
☐
Industry beating GDPI growth of 17.8% in Q4 FY22 as against Industry#
growth of 7.8%; 8.9% growth in FY22 vs industry growth of 8.8%
Ex. Crop & Govt. Health, Q4 FY22 GDPI grew by 6.0%; For FY22, the Ex. Crop
& Govt. Health GDPI growth was 9.1%
■ Ex. Crop & Govt. Health growth of 6.0% was attributable to Fire (11%),
Engineering (16%), Marine (23%) & Liability (33%)
Overall, in FY22, motor growth of 2.5% was lower than the industry growth
of 4.0%, and Commercial lines (Fire, Engineering, Marine and Liability)
continue to do well with a growth of 16.5% against the Industry.
growth of 12.6%
■ For Q4 FY22, LR stands at 68.8% as against 64.3% in Q4 FY21; Higher loss
ratio was mainly on account of increase in severity of non COVID health claims
and higher crop claims in Kharif season of FY22
■ FY22 LR stands at 73.0% as against 68.5% in FY21 - Higher on account of
COVID claims, higher severity of non COVID health claims and OD releases in
FY21
■ COR increased slightly but still at very healthy 98.3% in Q4 FY22 v/s 96.6%
in Q4 FY21;
■ FY22 COR was 99.6% vs 96.9% in FY21 on account of higher LR partially offset
by lower expenses
Source: IRDAI Monthly Business Figures & GIC Council Segmental Reports
#Industry growth excluding specialised insurers and Standalone Health Insurers, *Commercial Lines - Fire, Engineering & Liability
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