Bajaj Finserv Limited · NSE:BAJAJFINSV
Bajaj Finserv — Q2 FY24 Earnings Presentation
74 slides from Bajaj Finserv's earnings presentation, Oct 27, 2023
Slide 1: Exchange filing cover letter for investor presentation
27 October 2023 To To Corporate Relations Department. Corporate Listing Department. BSE Limited National Stock Exchange of India Ltd 1st Floor, New Trading Ring, Exchange Plaza, 5th Floor Rotunda Building, P J Tower, Plot No.C-1, G Block, Dalal Street, Fort, Bandra-Kurla Complex, Mumbai 400 001 Band
Slide 2: Bajaj Finserv Limited Investor Presentation – Q2 FY24
BAJAJ FINSERV LIMITED Investor Presentation – Q2 FY24* *Financial year 2023-24 Note: From Q1 FY23 Bajaj Finserv Limited has started reporting its numbers in Investor Presentation in Rs. Crores. Till FY22, the same was in Rs. Million.
Slide 3: Bajaj Group Structure
Bajaj Group Structure Bajaj Holdings & Investment Limited (Listed) 34.18%2 39.06%1 51% Bajaj Auto Limited (Listed) Maharashtra Scooters Limited (Listed) Bajaj Finserv Limited (Listed) Auto Business Arm Auto spare parts Manufacturer Financial Services Arm 52.45%3 74% 74% 80.13% 100% Bajaj Allianz Baj
Slide 4: Bajaj Finserv's Vision – A diversified financial services group
Bajaj Finserv’s Vision – A diversified financial services group with a pan-India presence Life cycle needs of Family, Health Investment/ Asset Asset Individual & & Income Wealth Retirement acquisition protection SME Protection management customers Loan (Personal, General Insurance General, Health &
Slide 5: Bajaj Finserv – Established businesses with strong track record
Bajaj Finserv – Established businesses with strong track record Build a profitable & diversified portfolio of products & solutions with Bajaj Allianz General emphasis on multi-channel distribution, strong underwriting with stress Insurance on combined ratio & prudent financial management Drive t
Slide 6: Bajaj Finserv – Emerging Opportunities
Bajaj Finserv – Emerging Opportunities Health Tech venture - aims to transform healthcare sector in India Integrating the fragmented healthcare delivery ecosystem with technology and financial services on a digital platform to bring quality Bajaj Finserv Health healthcare closer to consumers' re
Slide 7: Role of Bajaj Finserv
Role of Bajaj Finserv Monitor and engage with our companies with the objective of long-term sustainable profit, meaningful market share, and effective use of capital - thereby delivering superior shareholder returns We do this by driving companies to create institutionalized frameworks through a
Slide 8: Bajaj Finserv performance highlights – Q2 FY24
Bajaj Finserv performance highlights – Q2 FY24 All Figures in Rs. Crore Performance Highlights of Q2 FY24 over Q2 FY23 (Ind AS) CY 26,023 1,929 50,873 6,472 25% 24% 20% 25% PY 20,803 1,557 42,462 5,184 Total Revenue PAT* Net Worth Net Worth (Consolidated) (Consolidated) (Consolidated) (Standalone) •
Slide 9: Consolidated profit components – Q2 FY24 (BFS Share)
Consolidated profit components – Q2 FY24 (BFS Share) All Figures in Rs. Crore Consolidated profit# components for Q2 FY24 (Ind AS) Intercompany Adjustments (Net of Tax)# adjustments Unrealized MTM* Loss on BAGIC Investments – ₹ 61 Cr Bajaj Finserv- Unrealized MTM* Loss on BALIC Investments – ₹ 1
Slide 10: H1 FY24 Highlights
H1 FY24 Highlights All Figures in Rs. Crore Highlights of Group Companies BAJAJ FINSERV# H1 FY24 H1 FY23 Growth BAJAJ FINANCE# H1 FY24 H1 FY23 Growth Total Revenue 49,303 36,692 34% AUM 2,90,264 2,18,366 33% Net worth 50,873 42,462 20% Total Income 25,882 19,260 34% PAT 3,872 2,866 35% PAT 6,988 5,3
Slide 11: Bajaj Finance Limited
Bajaj Finance Limited 10
Slide 12: BFL – Key Strategic Differentiators
BFL – Key Strategic Differentiators STRATEGY • Diversified financial services strategy seeking to optimize risk and profit, to deliver a sustainable business model and deliver a superior ROE and ROA • Focused on continuous innovation to transform customer experience to create growth opportunities DI
Slide 13: BFL Consolidated Results – Q2 FY24 Highlights
BFL Consolidated Results – Q2 FY24 Highlights All Figures in Rs. Crore Performance Highlights of Q2 FY24 over Q2 FY23 (Ind AS) CY 2,85,748 7.66 Crore 13,382 3,551 34% 22% 34% 28% PY 2,12,721 6.29 Crore 9,974 2,781 Book Size Customer Total Income Profit After Tax Franchise CY 1.3% 6.0% Capital Adeq
Slide 14: BFL – Key Highlights
BFL – Key Highlights Q2 FY 2023-24 AUM as on 30 Sep 2023 stood at Rs. 2,90,264 Cr vs Rs. 2,18,366 Cr last year (33% growth); AUM growth in Q2 FY24 was Rs. 20,167 Cr 85.3 Lakh new loans booked in Q2 FY24 as against 67.6 Lakh in Q2 FY23 AUM & Business In Q2 FY24, BFL acquired 35.8 Lakh new custo
Slide 15: BFL – Key Highlights
BFL – Key Highlights Q2 FY 2023-24 Profit after tax (PAT) for Q2 FY24 increased by 28% to Rs. 3,551 Cr v/s Rs. 2,781 Cr in Q2 FY23, mainly on account of robust AUM growth, higher Profitability & Capital net interest income and better portfolio performance Position Capital adequacy remained stron
Slide 16: BFL: Book Size and Revenue
BFL : Book Size and Revenue All Figures in Rs. Crore Book Size Total Income FY23 growth of 27% Q2 FY24 FY23 growth of 31% Q2 FY24 growth of 34% 41,415 growth of 34% 2,85,748 2,42,269 31,648 2,12,721 26,683 1,91,423 146,687 13,382 9,974 FY21 FY22 FY23 Q2 FY23 Q2 FY24 FY21 FY22 FY23 Q2 FY23 Q2 FY24 Ne
Slide 17: BFL: Loan Loss Provision and Operating Expenses
BFL : Loan Loss Provision and Operating Expenses All Figures in Rs Crore Loss Provision and Net NPA% 1.50% GNPA & NNPA stood at 0.91% and 0.31% as of 30 6,000 Sep 2023 as against 1.17% and 0.44% as of 30 Sep 4,803 5,000 2022 4,000 3,190 0.44% Provisioning coverage ratio (PCR) of 66% on stage 3 0
Slide 18: Bajaj Allianz General Insurance
Bajaj Allianz General Insurance 17
Slide 19: BAGIC – Key Strategic Differentiators
BAGIC – Key Strategic Differentiators STRATEGY Strive for market share growth in chosen segments through a well-diversified product portfolio and multi-channel distribution supported by prudent underwriting. Emphasis on profitable growth DIFFERENTIATORS Industry leading combined ratios consistentl
Slide 20: BAGIC: Q2 FY24 Highlights
BAGIC : Q2 FY24 Highlights All Figures in Rs Crore Performance Highlights of Q2 FY24 over Q2 FY23 CY 7,298 3,747 2,250 95.3% 53% 21% 8% 4.5% (abs) 4,781 3,088 2,090 99.8% PY Gross Written GWP Excl. Crop & Net Earned Premium Combined ratio Premium (GWP) Govt. Health 468 4.7% ROE2 excluding 352% CY su
Slide 21: BAGIC – Key Highlights
BAGIC – Key Highlights Q2 2023-24 GDPI grew by 53.6% in Q2 FY24 as against Private sector growth of 21.1% and Industry# growth of 18.6% Ex. Crop & Govt. Health, Q2 FY24 GDPI grew by 22.4% v/s Private sector growth of 15.6% and Industry# growth of 16.1% contributed mainly by Motor Revenue Growth
Slide 22: BAGIC: Combined Ratio – Consistently among the best
BAGIC : Combined Ratio –Consistently among the best Combined Ratio 99.6% 100.5% 99.8% 96.9% 95.3% FY21 FY22 FY23 Q2 FY23 Q2 FY24 1. Combined Ratios are in accordance with the Master Circular on ‘Preparation of Financial statements of General Insurance Business’ issued by IRDA effective from 1st Apri
Slide 23: BAGIC: Profit after tax and Capital efficiency
BAGIC : Profit after tax and Capital efficiency All Figures in Rs. Crore PAT Q2 FY24 PAT growth of 39% 1,330 1,339 1,348 468 336 FY21 FY22 FY23 Q2 FY23 Q2 FY24 BAGIC - Capital Invested - Net Worth Total Capital infused is Rs. 277 Cr Accumulated profit* 97% of No Capital infusion since FY08 Net worth
Slide 24: BAGIC: Consistently amongst top private insurers in Gross Premium
BAGIC : Consistently amongst top private insurers in terms of Gross Premium Industry GDPI Trend (Rs. Cr.) Q2 FY24 GDPI growth of 19% 2,41,071 2,05,753 1,85,595 1,58,184 1,13,770 1,30,621 62,163 74,079 71,826 75,133 82,887 41,777 50,787 20,387 23,292 FY21 FY22 FY23 Q2 FY23 Q2 FY24 PSU Private Insurer
Slide 25: BAGIC: Balanced Product Mix
BAGIC : Balanced Product Mix Business Mix 8% 8% 8% 7% 6% 1% 1% 2% 6% 20% 18% 15% 32% 34% 18% 19% 19% 17% 9% 13% 10% 12% 6% 9% 6% 6% 13% 5% 13% 3% 38% 35% 35% 26% 20% FY21 FY22 FY23 Q2 FY23 Q2 FY24 Motor Retail Health Group Health Prop, Liability, Engg Agri (Crop Insurance) Government Health Others
Slide 26: BAGIC: Diversified Channel Mix
BAGIC: Diversified Channel Mix Channel Mix 27% 30% 25% 42% 58% 42% 42% 48% 37% 3% 2% 2% 23% 10% 10% 10% 2% 1% 8% 6% 18% 16% 15% 12% 12% FY21 FY22 FY23 Q2 FY23 Q2 FY24 Individual Agents Corporate Agents - Banks Corporate Agents - Others Brokers Direct Business Bancassurance Agency & Retail OEMs* & De
Slide 27: BAGIC: Assets Under Management
BAGIC : Assets Under Management AUM (cash and investments) BAGIC continues to Q2 FY24 growth of 13% grow its AUM 29,511 strongly 27,809 26,052 24,633 23,150 Investments are largely in fixed income Rs. Crore securities Investment Leverage of 2.83 as on 30 Sep 2023 Advance premium as on FY21 FY22 FY23
Slide 28: Profit (PBT) Waterfall: Q2FY23 vs Q2FY24
Profit (PBT) Waterfall: Q2FY23 vs Q2FY24 All Figures in Rs. Crore 626 UW Key lines of business Net Loss Ratio (LR) profit with increase in LR Q2 FY24 Q2 FY23 Rs. 37 cr Health (driven by 88.7% 80.1% UW loss Government health) Rs. 18 cr Crop 113.0% 105.1% Increase largely Total Company 78.0% 75.5% Inv
Slide 29: Key Technology & Customer Initiatives of H1 FY23-24: 1/2
Key Technology & Customer Initiatives of H1 FY23-24: 1/2 Digital Journey Metrics Digital Agent Onboarding H1 FY23-24 Digital Issuance H1 FY23-24 From 100% in FY 22-23 -> 100% From 95.21% in FY 22-23 -> 96.06% Digital Payment H1 FY23-24 Net Promoter Score* Motor Health FY22 FY23 FY22 FY23 From 92.47%
Slide 30: Key Technology & Customer Initiatives of H1 FY23-24: 2/2
Key Technology & Customer Initiatives of H1 FY23-24: 2/2 Existing Digital Capabilities Enhanced & Scaled-up Website Caringly Yours App Our website is now available in 7 different Our Customer facing app remains as the languages for our customers most used app in Insurance Industry 11.9 Mn visitors |
Slide 31: BAGIC: Risk Management
BAGIC : Risk Management Asset Quality Pricing & Underwriting 98.9% of the debt portfolio in AAA and Superior underwriting capability leading to low sovereign assets Combined Ratio consistently 91.7% of Equity is in Nifty 50 stocks & 96.1% is Diversified exposure across business lines & in BS
Slide 32: Bajaj Allianz Life Insurance
Bajaj Allianz Life Insurance 31
Slide 33: BALIC – Key Strategic Differentiators
BALIC – Key Strategic Differentiators STRATEGY • Continued focus on sustainable and profitable growth by maintaining balanced product mix and investment in retail growth engines • Business construct is to maximize customer benefits while gaining market share in retail space, maintaining shareholder
Slide 34: BALIC – Q2 FY24 Highlights
BALIC – Q2 FY24 Highlights All Figures in Rs. Crore Performance Highlights of Q2 FY24 over Q2 FY23 CY 1,415 65 808 435 2,517 32% 59% 56% -16% 31% PY 1,072 41 519 517 1,919 Individual Rated NB Retail Protection APE Group Fund NB Group Protection NB Renewal Premium CY 5,338 193 237 956 466% Solvency R
Slide 35: BALIC – Key Highlights
BALIC – Key Highlights Q2 2023-24 In Q2 FY24, IRNB* grew by 32% (vs private players growth of 16% and overall industry growth of 13%) In H1 & Q2, BALIC was one of the fastest growing compony amongst top 10 private players on IRNB basis Revenue Growth & Market Market share in IRNB terms increas
Slide 36: BALIC – Topline related metrics
BALIC – Topline related metrics All Figures in Rs Crore New Business Renewals GWP 2,821 5,338 2,517 2,236 4,155 1,919 Q2 FY23 Q2 FY24 Q2 FY23 Q2 FY24 Q2 FY23 Q2 FY24 Group Fund NB Group Protection NB IRNB 808 1,415 517 1,072 519 435 Q2 FY23 Q2 FY24 Q2 FY23 Q2 FY24 Q2 FY23 Q2 FY24 Q2 FY24 GWP grew
Slide 37: BALIC: Individual Rated New Business
BALIC : Individual Rated New Business All Figures in Rs Crore Whole Company Agency FY23 growth of 41% FY23 growth of 43% Q2 FY24 growth Q2 FY24 growth 2,122 5,214 of 32% of 34% 1,489 Agency continues to stride ahead 3,686 Industry beating growth with substantial growth 583 1,415 372 436 813 1,072 FY
Slide 38: BALIC: Balanced product mix
BALIC : Balanced product mix IRNB Mix Share of Non-par savings and Annuity stands at 29% in Q2 FY24 39% 31% 35% 34% Individual - Unit Linked 41% 3% 4% Individual - Non Par Protection 3% 6% 3% 24% Individual - Non Par Savings 27% 42% 35% 29% 5% Individual - Annuity 2% 11% 9% Individual - Par 7% 32% 2
Slide 39: BALIC: Diversified Distribution Mix
BALIC : Diversified Distribution Mix Agency Institutional Business Landscape Continued Focus on profitability and Building sustainable business through strong integration with driving higher traditional Mix partners One of the largest agency in private industry space with 1.38 Lakh+ agents Conti
Slide 40: BALIC: Persistency
BALIC : Persistency Persistency 13th Month Persistency 25th Month 83% 74% 82% 73% 71% 80% 80% 69% Persistency - 13th Month Persistency - 25th Month FY22 FY23 Q2 FY23 Q2 FY24 FY22 FY23 Q2 FY23 Q2 FY24 Persistency 37th Month Persistency 49th Month Persistency 61st Month 67% 64% 50% 66% 62% 49% 60% 62%
Slide 41: BALIC: New Business Value & New Business Margins
BALIC : New Business Value & New Business Margins All Figures in Rs. Crore Rolling 12M Rolling 12M Q2 FY24 Q2 FY23 Growth Growth FY241 FY232 Annualized Premium (ANP)* 1,620 1,246 30% 6,546 5,255 25% Net New Business Value (NBV)** 237 190 25% 956 786 22% Net New Business Margin (NBM)++ on 14.6% 15.2%
Slide 42: BALIC: MCEV – Analysis of Movement
BALIC: MCEV – Analysis of Movement All Figures in Rs. Crore 23,000 21,000 90 392 452 780 331 19,724 19,000 18,584 17,000 Embedded Value Operation Profit 15,000 (EVOP): Rs. 1,201 Cr RoEV : 13.34% (Annualized) VIF VIF In Rs Crores 8,457 13,000 7,502 11,000 9,000 NAV NAV 7,000 11,082 11,268 5,000 3,000
Slide 43: Performance of Key Digital Assets and New Tech Initiatives – Q2 FY24
Performance of Key Digital Assets and New Tech Initiatives – Q2 FY24 Internal Assets INSTAB Customer 360° EEZE HR Bot WhatsApp for SMs 20% increase in ~9L sessions since WhatsApp Chatbot for ~2L sessions since Unique users in H1 Launch (January Employee Servicing launch (February FY24 over PY 2023)
Slide 44: BALIC: Assets Under Management (AUM) & Net Worth
BALIC : Assets Under Management (AUM) & Net Worth AUM (Mix) • AUM as of 30 Sep 2023 grew by 14% as against 7% as of 30 Sep September 2022 98,700 85,623 90,584 86,907 • Of the UL Funds (inc Unclaimed Rs Crore 56,802 60,134 Fund) of Rs. 38,566 crore, 74% is 52,196 53,352 33,427 33,782 33,555 38,566 eq
Slide 45: BALIC: Risk Management
BALIC: Risk Management Prudent assumptions while product pricing Product Pricing Stress and scenario testing performed at pricing stage Regular review of pricing based on prevailing interest rates Interest rate risk on the Individual Non-Participating Savings, Protection and Annuity portfoli
Slide 46: Bajaj Finserv Direct Ltd (Bajaj Markets)
Bajaj Finserv Direct Ltd (Bajaj Markets) 45
Slide 47: BFSI Marketplace Business
BFSI Marketplace Business STRATEGY BFSI marketplace by BFSD, is a unique & diversified Marketplace for Financial Services which acquires large number of consumers and cross-sells products by leveraging Technology & Analytics. DIFFERENTIATORS Open Architecture platform offers Financial products’ Di
Slide 48: Bajaj Markets - Digital Properties' Performance
Bajaj Markets - Digital Properties’ Performance Total Visits (In Thousands) Organic Visits (In Thousands) 60,000 10,000 9,188 51,778 8,560 50,000 40,920 42,490 43,822 40,75441,459 8,000 40,000 35,759 33,352 6,229 27,792 30,000 6,000 4,978 5,201 5,219 19,928 20,000 4,000 3,275 3,308 10,000 2,685 2,33
Slide 49: Bajaj Finserv Direct Ltd. – Financial Snapshot
Bajaj Finserv Direct Ltd. – Financial Snapshot All Figures in Rs. Crore Q2 FY24 Q2 FY23 FY23 Total Income 126 94 391 PAT (18) (12) (52) Capital infused (as on 30 Sep 2023) 807 Net Worth (as on 30 Sep 2023) 569 Total Revenue Total Opex 160 143 140 130 115 117 120 104 107 126 93 116 100 113 104 69 73
Slide 50: Digital Technology Services business
Digital Technology Services business STRATEGY Be a leading digital technology services provider from India in the financial services sector through deep domain expertise and execution capabilities. Build scale & focus on profitability. • Portfolio of 6 technology Services to address business needs o
Slide 51: Bajaj Finserv Health Limited
Bajaj Finserv Health Limited 50
Slide 52: Bajaj Finserv Health – Key Strategic Differentiators
Bajaj Finserv Health – Key Strategic Differentiators STRATEGY • Health Management platform to solve for Access and Financing of healthcare to Indian consumers • Making healthcare Prepaid, Preventive and Personalized by covering Hospitalization, Diagnostics and Doctor consultation spends DIFFERENTIAT
Slide 53: Bajaj Finserv Health – Business Model
Bajaj Finserv Health – Business Model SUPERIOR CONSUMER PLATFORM & EXPERIENCE PRODUCT PROVIDER STACK CONSUMER STACK PAYER STACK Doctors Health Insights Health App Corporates Diagnostics Cohort Cashless OPD Health Insurers Formation Hospitals Employee Life Insurers Wellness Customized Fitness & Produ
Slide 54: Bajaj Finserv Health – Propositions To Payers
Bajaj Bajaj Finserv Finserv Health Health –– Propositions Propositions To To Payers Payers # of Payers Propositions Product Construct partners* 360° Benefits To • Structured OPD benefits to employees of Corporates 194 Employees corporates • Rider Construct- OPD benefits attached to General/ Health S
Slide 55: Bajaj Finserv Health – Overall Metrics & Services
Bajaj Finserv Health – Overall Metrics & Services REVENUE & OPEX (Lakhs) 314 % 127 % Growth Over Q2 FY23 25,000 19,312 17,102 20,000 15,455 13,169 15,000 10,173 10,879 7,738 8,490 10,000 6,320 6,836 3,418 3,731 4,508 2,780 5,000 - Q4 FY21-22 Q1 FY22-23 Q2 FY22-23 Q3 FY22-23 Q4 FY22-23 Q1 FY23-24 Q2
Slide 56: Bajaj Finserv Health – Business Metrics
Bajaj Finserv Health – Business Metrics REGISTERED USERS (CUMULATIVE) MONTHLY ACTIVE USERS 1,13,21,051 4,57,844 1,20,00,000 5,00,000 94,64,233 1,00,00,000 4,00,000 3,45,200 81,62,955 73,39,823 3,03,100 3,09,632 80,00,000 2,59,648 60,48,577 3,00,000 60,00,000 2,00,000 40,00,000 20,00,000 1,00,000 - -
Slide 57: Bajaj Finserv Health – Network Metrics
Bajaj Finserv Health – Network Metrics DOCTOR NETWORK DENTAL NETWORK 6,84,653 8,00,000 3,00,000 2,53,243 25,000 6,58,799 6,19,813 98,000 7,00,000 5,99,660 2,50,000 2,18,689 2,10,681 24,000 94,000 6,00,000 4,66,273 90,000 2,00,000 1,78,509 23,000 5,00,000 21,539 83,254 83,848 84,443 86,000 1,39,779 2
Slide 58: Bajaj Finserv Asset Management Company
Bajaj Finserv Asset Management Company 57
Slide 59: Key Strategic Pillars for Bajaj AMC
Key Strategic Pillars for Bajaj AMC Innovative, Future Focused, Differentiated AMC Investment Differentiated Technology as Philosophy Products a Differentiator INQUBE High Credit Quality Streamlined - Informational in Fixed Income digital Edge schemes touchpoints for - Quantitative Equity sc
Slide 60: Bajaj Finserv AMC
Bajaj Finserv AMC All Figures in ₹ Crore Bajaj AMC Q2 FY24 Q2 FY23 FY23 FY22 Total Income 3.77 1.34 3.36 0.27* PAT (39.40) (2.79) - - Capital infused (as at 30 Sep 2023) 200.00 Net Worth (as at 30 Sep 2023) 82.08 List of Mutual Funds launched by AMC All Figures in ₹ Crore Name of the Fund Category A
Slide 61: Half-yearly Performance
Half-yearly Performance
Slide 62: Bajaj Finserv performance highlights – H1 FY24
Bajaj Finserv performance highlights – H1 FY24 All Figures in Rs. Crore Performance Highlights of H1 FY24 over H1 FY23 (Ind AS) CY 49,303 3,872 50,873 6,472 34% 35% 20% 25% PY 36,692 2,866 42,462 5,184 Total Revenue PAT* Net Worth Net Worth (Consolidated) (Consolidated) (Consolidated) (Standalone) •
Slide 63: BFL Consolidated Results – H1 FY24 Highlights
BFL Consolidated Results – H1 FY24 Highlights All Figures in Rs. Crore Performance Highlights of H1 FY24 over H1 FY23 (Ind AS) CY 2,85,748 7.66 Crore 25,882 6,988 34% 22% 34% 30% PY 2,12,721 6.29 Crore 19,260 5,377 Book Size Customer Total Income Profit After Tax Franchise CY 2.6% 12.2% Capital Ad
Slide 64: BAGIC: H1 FY24 Highlights
BAGIC : H1 FY24 Highlights All Figures in Rs Crore Performance Highlights of H1 FY24 over H1 FY23 CY 11,132 7,581 4,188 97.6% 41% 24% 6% 4.4% (abs) 7,900 6,097 3,942 102.0% PY Gross Written GWP Excl. Crop & Net Earned Premium Combined ratio Premium (GWP) Govt. Health 883 8.9% ROE2 excluding 352% CY
Slide 65: BALIC – H1 FY24 Highlights
BALIC – H1 FY24 Highlights All Figures in Rs. Crore Performance Highlights of H1 FY24 over H1 FY23 CY 2,443 129 1,173 1,085 4,416 24% 93% -37% -1% 31% PY 1,967 67 1,858 1,091 3,372 Individual Rated NB Retail Protection APE Group Fund NB Group Protection NB Renewal Premium CY 9,396 8,223 349 331 956
Slide 66: Additional Information – BAGIC
Additional Information – BAGIC
Slide 67: BAGIC: Investment Performance
BAGIC : Investment Performance All Figures in Rs Crore Total Funds# Investment Leverage Investment Portfolio mix 3.08 2.79 2.84 2.84 2.87 for H1 FY24: Corporate 28,857 bonds 28.1%, G-Sec 24,401 26,619 25,329 60.6%, Equity* 11.1% and 23,016 Money Market 0.1% Unrealized loss of Rs. 18 crore as on
Slide 68: BAGIC: LOB wise Net Loss ratio
BAGIC : LOB wise Net Loss ratio Net Loss Ratio Line of Business Q2 FY24 Q2 FY23 H1 FY24 H2 FY23 Fire 47.4% 17.7% 56.7% 40.5% Marine Cargo 55.6% 92.1% 53.3% 90.3% Motor OD 63.7% 68.8% 67.3% 75.5% Motor TP 86.7% 81.6% 83.2% 85.5% Motor Total 76.6% 76.4% 76.3% 81.2% Engineering 38.1% (9.5%) 54.0% 40.9%
Slide 69: BAGIC: Growth by Lines of Business (LOB) (Major LOBs)
BAGIC : Growth by Lines of Business (LOB) (Major LOBs) GDPI Growth Line of Business Q2 FY24 BAGIC Q2 FY24 Industry H1 FY24 BAGIC H1 FY24 Industry Growth Growth Growth Growth Commercial Lines** 6.5% 4.9% 15.9% 5.9% Motor OD 22.0% 19.6% 28.8% 20.7% Motor TP 7.8% 10.2% 12.3% 14.7% Motor Total 14.0% 13.
Slide 70: Additional Information – BALIC
Additional Information – BALIC
Slide 71: BALIC: Investment Performance (Shareholder Fund)
BALIC : Investment Performance (Shareholder Fund) All Figures in Rs Crore AUM ~ Asset mix as on 30 10,990 September 2023: Corporate Bonds 24.0%, G-Sec 46.3%, 10,678 Equity 16.5%, FD & other 10,440 assets 13.1% (on Market 10,229 value basis) 10,105 Capital gains booked in H1 FY24 were Rs. 137 cr
Slide 72: BALIC: Regular Premium Ticket Size
BALIC : Regular Premium Ticket Size All Figures in Rs. Whole Company Non Par Savings FY23 Q2 FY24 FY23 Q2 FY24 increase of 10% increase of 4% increase of 65% increase of 4% 85,032 81,845 85,099 77,648 79,018 69,385 71,920 57,782 51,650 36,579 FY21 FY22 FY23 Q2 FY23 Q2 FY24 FY21 FY22 FY23 Q2 FY23 Q2
Slide 73: Thank You
| Ef FINSERV BAJAJ Thank You
Slide 74: Disclaimer
Disclaimer This presentation has been prepared by Bajaj Finserv Limited (the “Company”) solely for your information and for your use. This presentation is for information purposes only and should not be deemed to constitute or form part of any offer or invitation or inducement to sell or issue any s