HDFC Q3 FY22 Financial Highlights
HDFC
WITH YOU, RIGHT THROUGH
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HDFC ERGO GENERAL INSURANCE COMPANY LTD.
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HDFC holds 49.98% and ERGO International AG holds 41.79% and Munich Health Holding AG
holds 7.20% of the equity of HDFC ERGO General Insurance Company Limited (HDFC ERGO)
During the year, the Corporation's board approved the sale of 4.99% stake in HDFC ERGO to
HDFC Bank subject to the receipt of requisite regulatory approvals.
Gross direct premium for the nine months ended December 31, 2021 stood at Rs. 95.5 bn
(PY: Rs. 87.5 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 60% of the total business
Market share of 10.2% (private sector) and 5.9% (overall) in terms of gross direct premium
for the nine months ended December 31, 2021 (Source: Gl Council)
As at December 31, 2021: Solvency Ratio - 170% (as against regulatory requirement of 150%)
Profit after tax for the nine months ended December 31, 2021: Rs. 3.23 bn (impacted due to
higher Covid-19 losses)
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