Bajaj Allianz Corporate Update

BALIC : New Business Value & New Business Margins B BAJAJ Allianz LIFE GOALS. DONE. All Figures in Rs. Crore Q1 FY24 Q1 FY23 Growth Rolling 12M Rolling 12M FY24¹ FY232 Growth Annualized Premium (ANP)* 1,273 1,218 5% 6,172 4,987 24% Net New Business Value (NBV)** 94 135 -30% 909 731 24% Net New Business Margin (NBM) on ANP 7.4% 11.1% -3.7% 14.8% 14.7% 0.1% Since life insurance business is seasonal with large proportion of business written in Q4 and H2, rolling 12 months data is indicated for information only. This does not in any way imply a forecast or expectation for FY 24. NBV de-grew by 30% in Q1 FY 24 over Q1 FY 23 due to change in product mix and interest rate movement. 1 - Rolling 12M FY24 represents the business written between July 2022 to June 2023 2- Rolling 12M FY23 represents the business written between July 2021 to June 2022 **New Business Value represents discounted present value of expected net cash flows from new business written *ANP refers to annualized new business written during the year and is calculated by assigning a 10% weight to single premium and 100% weight to regular premium. Group Fund business is included in the definition of ANP 41

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