BFL Loan Loss Provision and Operating Expenses
BAGIC: LOB Net Claim ratio & Growth (Major LOBS) BAJAJ Allianz
Net Claim Ratio
GDPI Grow th
Line of Business
Q1 FY22 BAGIC Q1 FY22 Industry
Q1 FY22
Q1 FY21
Grow th
Grow th$
Fire
80.5%
118.1%
11.0%
4.1%
Marine Cargo
91.1%
77.3%
13.1%
30.6%
Motor OD
56.4%
50.8%
11.0%
7.3%
Motor TP
78.5%
79.7%
4.2%
0.5%
Motor Total
68.9%
68.0%
7.1%
3.1%
Engineering
68.4%
102.3%
26.9%
32.6%
Personal Accident
40.4%
49.0%
-12.5%
42.4%
Health (retail group)**
119.6%
62.0%
22.6%
30.9%
Crop
-196.0%
84.5%
-248.1%
-56.1%
Total
75.9%
68.1%
9.1%
11.1%
Total (Ex Crop)
79.6%
67.8%
11.1%
13.3%
-
In Q1 FY22, mix of Health Portfolio i.e. Retail Health: Group Employer Employee: Group - Others:
Govt. stands at 38:49:13:0 (vs 35:51:15:(1) in Q1 FY21)
*Health includes Retail, Group and Overseas | PA includes retail and group business | Net Claim Ratio = Net claims incurred divided by Net Earned Premium | LOB trend for major LOB
$ Industry growth for all lines except Health excluding SA HIs and specialized insurers.
#Health grow th includes multiline insurers and standalone health insurers (specialized insurers excluded)
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