Investor Presentaiton
Financial and operational snapshot (2/2)
H1 FY21
H1 FY20
FY20
FY19
FY18
Overall New Business Margins (post overrun)
Operating Return on EV
25.1%
27.5%
25.9%
24.6%
23.2%
(1)
17.6%
19.6%
18.1%
20.1%
21.5%
Operating Expenses / Total Premium
11.1%
14.0%
13.1%
13.1%
13.5%
Total Expenses (OpEx + Commission) / Total Premium
15.2%
19.0%
17.7%
17.0%
18.0%
Return on Equity
(2)
21.0%
24.3%
20.5%
24.6%
26.0%
Solvency Ratio
Persistency (13M / 61M)
(3)
203%
88%/53%
192%
86%/53%
184%
88%/54%
188%
84%/51%
192%
83%/50%
Market Share (%)
49
49
- Individual WRP
- Group New Business
- Total New Business
Business Mix (%)
17.5%
15.2%
14.2%
12.5%
13.3%
27.4%
28.9%
29.0%
28.4%
28.5%
23.3%
22.4%
21.5%
20.7%
19.1%
- Product (UL/Non par savings/Non par protection/Par)
(4)
- Indl Distribution (CA/Agency/Broker/Direct)
(4)
- Total Distribution (CA/Agency/Broker/Direct/Group)
(5)
- Share of protection business (Basis Indl APE)
- Share of protection business (Basis Overall APE)
- Share of protection business (Basis NBP)
27.9%
23/35/9/33 26/58/6/9 28/45/8/19
60/13/6/21 54/15/10/21 55/14/9/22 64/13/4/19 71/11/5/14
23/6/2/18/51 23/7/3/16/51 23/7/3/17/51 26/7/2/16/49 33/7/2/10/48
8.5%
6.1%
7.6%
6.7%
5.1%
12.1%
16.7%
17.2%
16.7%
14.1%
55/20/7/18
57/9/5/28
11.3%
27.6%
27.0%
25.9%
1. During FY18, there was a one time positive operating assumption change of Rs 1.4 bn based on review by an external actuary as part of the IPO process. Excluding this one
time adjustment, Operating return on EV would have been 20.4% for FY18
2. Calculated using net profit and average net worth for the period (Net worth comprises of Share capital, Share premium and Accumulated profits)
3. Persistency ratios (based on original premium). Group business, where persistency is measurable, has been included in the calculations.
4. Based on individual APE. UL: Unit Linked, Trad: Traditional, Par: Participating & CA: Corporate Agents. Percentages are rounded off
5. Based on total new business premium including group. Percentages are rounded off
HDFC
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