Bajaj Allianz Corporate Update
Profit (PBT) Waterfall: Q1FY23 vs Q1FY24
B
BAJAJ
Allianz (
Caringly yours
All Figures in Rs. Crore
551
116
95
7
(120)
(59)
(25)
(10)
Key lines of business
Net Loss Ratio
UW
with reduction
Q1 FY24
Q1 FY23
loss
61 cr
Increase largely
Fire
67.1%
71.8%
attributable to
Marine
50.8%
88.4%
Invest.
higher advance
Motor OD
71.2%
82.2%
income
612 cr
grown 44% since PY
premium which has
Motor TP
79.7%
88.6%
Motor Total
76.0%
86.0%
Engineering
72.2%
121.4%
Personal Accident
54.0%
61.1%
Total Company
74.3%
77.9%
555
UW
loss
42 cr
Invest.
income
597 cr
PBT Q1FY23
PBT
Q1FY23
come
investment
Increase increase in current
Incomement in Clamprovement
Impr
in claims
ratings in total coSavings in
total cost Realized grins
ratio (net)
Lower
realized
capital gains
NEP VO Premium
ional iems
Deferment Impact
#
One-Off
items *
Impairment prompairment
Provision **
* (a) Biparjoy cyclone claims Rs. 10 crore (b) Crop claims under litigation for Maharashtra FY2020 Kharif season Rs. 15 crore (net)
** Impairment provision made towards unlisted equity Rs. 10 crore
# Premium Deferment Impact - Impact on earnings due to higher growth largely attributable to Motor & Commercial segments
PBT Q1FY24
PBT
Q1FY24
27
UW = Underwriting; PBT = Profit Before Tax; Total Cost ratio(net) = (Net Commission + Expenses)/Net Written Premium; Invest. Income = Investment & Other Income(net)View entire presentation