HDFC Business and ESG Overview
Li HDFC
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•
HDFC ERGO GENERAL INSURANCE COMPANY LTD.
HDFC holds 49.98% and ERGO International AG holds 48.99% of the equity of HDFC ERGO
General Insurance Company Limited (HDFC ERGO)
Gross direct premium for the year ended March 31, 2022 stood at Rs. 135 bn
(PY: Rs. 123 bn)
Products: Motor, health, travel, home and personal accident in the retail segment; property,
marine, aviation and liability insurance in the corporate segment; and crop insurance in rural
segment
Retail accounts for 61% of the total business
Market share of 10.3% (private sector) and 6.1% (overall) in terms of gross direct premium
for the year ended March 31, 2022 (Source: Gl Council)
• As at March 31, 2022: Solvency Ratio - 164% (as against regulatory requirement of 150%)
Profit after tax for the year ended March 31, 2022: Rs. 5 bn (impacted due to higher Covid-19
losses)
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