Bajaj Finserv Limited · NSE:BAJAJFINSV
Bajaj Finserv — Q3 FY2025 Earnings Presentation
92 slides from Bajaj Finserv's earnings presentation, Jan 30, 2025
Slide 1: Exchange intimation letter for investor presentation
30 January 2025 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 – Q3 FY2025
BAJAJ FINSERV LIMITED Investor Presentation – Q3 FY2025* *Q3 of Year ending 31 March 2025 Note: From Q1 FY 2023 Bajaj Finserv Limited has started reporting its numbers in Investor Presentation in ₹ Crores. Till FY 2022, the same was in ₹ Million. 1
Slide 3: Index
01. EXECUTIVE SUMMARY 02. BAJAJ FINSERV LIMITED 03. BAJAJ ALLIANZ GENERAL INSURANCE (BAGIC) 04. BAJAJ ALLIANZ LIFE INSURANCE (BALIC) INDEX 05. EMERGING BUSINESS a. BAJAJ FINSERV HEALTH LIMITED b. BAJAJ FINSERV DIRECT LIMITED c. BAJAJ FINANCIAL SECURITIES LIMITED 06. BAJAJ FINANCE LIMITED 07. BAJAJ H
Slide 4: Executive Summary
EXECUTIVE SUMMARY Update for the quarter 3
Slide 5: Bajaj Finserv – Performance summary Q3 and 9M FY2025
Bajaj Finserv – Performance summary Q3 and 9M FY2025 All Figures in ₹ Crore For the Quarter For the Period FY 2024 Previous Particulars Q3 FY2025 Q3 FY2024 Growth 9M FY2025 9M FY2024 Growth Financial year Total Revenue 32,042 29,038 10% 97,226 78,341 24% 110,383 (Consolidated) Profit after tax 2,231
Slide 6: Executive Summary – Performance of businesses for Q3 FY2025 [1/2]
Executive Summary – Performance of businesses for Q3 FY2025 [1/2] All Figures in ₹ Crore General Insurance Life Insurance NBFC+ (Consolidated) Housing Finance Gross Written Premium RWRP AUM Growth 6,626 1,549 3,98,043 1,08,314 46% Y-O-Y 0% Y-o-Y 28% Y-o-Y 26% Y-o-Y Assets under Management NBV Net To
Slide 7: Executive Summary – Performance of businesses for Q3 FY2025 [2/2]
Executive Summary – Performance of businesses for Q3 FY2025 [2/2] All Figures in ₹ Crore Stock Broking Marketplace and Tech Healthtech and TPA Asset Management Services Services# Revenue from Operations Revenue from Operations Revenue from Operations Revenue from Operations 111 149 9.96 234 50% Y-o-
Slide 8: Highlights for the quarter
Highlights for the quarter BAGIC • Effective 1st October 2024, as mandated by IRDAI, premium on Long-term Products are to be accounted on 1/n basis (where ‘n’ is contract duration), hence Q3 & 9M FY2025 are not comparable with prior year It has no impact on the underwriting profits and PAT, but has
Slide 9: Highlights for the quarter
Highlights for the quarter Bajaj Finserv Direct Limited Total Revenue for Q3 FY25 stands at ₹159 Cr. Loss for the quarter has narrowed from ₹23 Crore in Q3 FY2024 to ₹3 Core in Q3 FY2025 Bajaj Finserv AMC As on 31st Dec 2024 the total AUM stands at ₹17,433 The Company has launched 2 new fund
Slide 10: Bajaj Finserv Ltd.
[3 FINSERV BAJAJ BAJAJ FINSERV LTD.
Slide 11: Bajaj Group Structure
Bajaj Group Structure Bajaj Holdings & Investment Limited (Listed) *36.68%2 *41.56%1 51%3 Bajaj Auto Limited (Listed) Bajaj Finserv Limited (Listed) Maharashtra Scooters Limited (Listed) Auto Business Arm Financial Services Arm Unregistered CIC* 51.34%4 74% 74% 80.13% 100% 100% Bajaj Finserv Health
Slide 12: Bajaj Finserv's Vision – Diversified financial services group
Bajaj Finserv’s Vision – A diversified financial services group with a pan-India presence Life cycle Family, Health & Investment/ needs of Asset acquisition Asset protection Income Wealth Retirement Individual & SME Protection management customers Loan (Personal, General Insurance, General, Health &
Slide 13: Role of Bajaj Finserv
Role of Bajaj Finserv Collaboration and Customer Experience, Business Risk One Finserv Talent Best Practice Investments, ESG Rigorous engagement Harmonization of risk Group Knowledge One Finserv – Group Defining Customer in Long Range Planning policies and Forums – Analytics, Talent mobili
Slide 14: Our Culture – Purpose enabled through Leadership DNA
Our Culture – Purpose enabled through Leadership DNA Purpose: “A place where innovation, agility and ownership thrives, creating responsible leaders who build long term profitable businesses, to delight our customers” Mindsets: Customer Talent Builder Growth Being Obsession Mindset Responsible Behav
Slide 15: Our Reach
Our Reach BAJAJ HOUSING BAJAJ FINANCE FINANCE LIMITED 4,259 Locations 174 Locations (Urban: 1,599 | Rural: 2,660) 224,000+ POS 216 Branches (Active point of sale) BAJAJ ALLIANZ LIFE INSURANCE BAJAJ ALLIANZ GENERAL INSURANCE 221 Branches 575 Branches 155,000+ Individual Agents 200+ Corp. Agents and B
Slide 16: Bajaj Finserv Ltd.
[3 FINSERV BAJAJ BAJAJ FINSERV LTD. 15
Slide 17: Consolidated Revenue components – Q3 FY2025
Consolidated Revenue components – Q3 FY2025 Consolidated Revenue components for Q3 FY2025 (Ind AS) All Figures in ₹ Crore Revenue Mix Intercompany (Q3 FY 2025) Bajaj Finserv- adjustments Standalone (598) 32,042 -2% 0% Life Others1 80 1% Bajaj Finserv Insurance 399 General 6,157 Consolidated Insuranc
Slide 18: Consolidated profit components – Q3 FY2025 (BFS Share)
Consolidated profit components – Q3 FY2025 (BFS Share) Consolidated profit components for Q3 FY2025 (Ind AS) # All Figures in ₹ Crore Investment MTM Adjustments (Net of Tax) • Unrealized MTM Loss on BAGIC (FVTPL) – ₹ 95 Crore Intercompany • Unrealized MTM Loss on BALIC (FVTPL) – ₹ 180 Crore Bajaj Fi
Slide 19: Growth Trajectory Of the Group
Growth Trajectory Of the Group All Figures in ₹ Crore Growth for 5 YR 10 YR Particulars FY 2014 FY 2019 FY 2023 FY 2024 the year CAGR CAGR Bajaj Finserv Limited (Consolidated) Net total Income 15,555 42,606 82,072 110,383 34% 21% 22% Profit after tax 1.544 3,219 6,417 8,148 27% 20% 18% Net Worth 9,3
Slide 20: Bajaj Allianz General Insurance Company Ltd.
BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LTD. 19
Slide 21: BAGIC – Key Strategic Differentiators
BAGIC – Key Strategic Differentiators STRATEGY Strive for market share growth in chosen business segments through a well-diversified product portfolio and multi- channel distribution supported by prudent underwriting. Emphasis on profitable growth. DIFFERENTIATORS Industry leading combined ratios
Slide 22: BAGIC – Key Financial Highlights – Q3 and 9M FY2025
BAGIC – Key Financial Highlights – Q3 and 9M FY2025 All Figures in ₹ Crore For the Quarter For the Period FY 2024 Previous Particulars Q3 FY2025 Q3 FY2024 Growth 9M FY2025 9M FY2024 Growth Financial Year Gross Written Premium$ 6,626 4,536 46% 17,257 15,668 10% 20,630 GWP excluding Crop & 3,639 3,707
Slide 23: BAGIC – Impact of Change in Regulation
BAGIC – Impact of Change in Regulation All Figures in ₹ Crore Q3 FY2025 9M FY2025 Without 1/n Particulars With 1/n impact Without 1/n impact With 1/n impact impact Gross Written Premium 6,626 6,910 17,257 17,541 Gross Written Premium Growth 46% 52% 10% 12% Gross Written Premium 3,639 3,923 12,460 12
Slide 24: BAGIC – Growth compared to industry
BAGIC – Growth compared to industry All Figures in ₹ Crore 6,00,000 GDPI Trend GDPI excluding Crop & Govt. health Trend BAGIC Growth 33% 46% 10% BAGIC Growth 20% (2%) 10% 5,50,000 Private Growth 19% 5% 9% Private Growth 18% 2% 10% 5,00,000 PSU Growth 9% 11% 6% PSU Growth 9% 15% 7% 4,50,000 Industry
Slide 25: Profit (PBT) Waterfall – 9M FY2025 vs 9M FY2024
Profit (PBT) Waterfall – 9M FY2025 vs 9M FY2024 All Figures in ₹ Crore UW loss UW loss ₹ 90 Crore ₹ 75 Crore Interest, Interest, Other Income Other Income and Capital and Capital Gains Gains ₹ 2,038 Crore ₹ 1,655 Crore PBT Increase in Higher Decrease in Increase in Others & PBT 9M FY24 interest real
Slide 26: BAGIC – Capital, ROE & Investment Performance
BAGIC – Capital, ROE & Investment Performance All Figures in ₹ Crore BAGIC - Capital Invested - Networth AUM Mix 1% ROE (Annualized) 0% 0% No Capital infusion Accumulated profit 98% of Net 9M FY25 17.42% since FY08 Worth as at 31 Dec 2024 12,204 9M FY24 15.60% 9M FY25 11,927 277 Q3 FY25 13.96% 11,05
Slide 27: BAGIC – Balanced Product Mix
BAGIC – Balanced Product Mix BUSINESS MIX 8% 9% 5% 9% 8% 12% 1% 14% 5% 18% 16% 19% 13% 36% 14% 12% 9% 19% 17% 17% 9% 17% 17% 12% 13% 12% 14% 14% 16% 6% 5% 9% 5% 4% 5% 4% 35% 35% 29% 25% 28% 27% FY23 FY24 Q3 FY24 Q3 FY25 9M FY24 9M FY25 Motor Retail Health Group Health Property, Liability and Enginee
Slide 28: BAGIC – Diversified Distribution Mix
BAGIC – Diversified Distribution Mix Channel Mix 25% 24% 36% 40% 38% 50% 40% 48% 35% 34% 39% 5% 33% 2% 3% 12% 3% 10% 10% 1% 9% 2% 6% 9% 15% 16% 19% 10% 15% 12% FY23 FY24 Q3 FY24 Q3 FY25 9M FY24 9M FY25 Individual Agents Corporate Agents - Banks Corporate Agents - Others Brokers Direct Business Banca
Slide 29: BAGIC – Product Portfolio Motor
BAGIC – Product Portfolio Motor All Figures in ₹ Crore Type (Business Mix) FY23 FY24 Q3 FY2024 Q3 FY2025 9M FY2024 9M FY2025 Motor OD 44% 46% 46% 48% 47% 51% Motor TP 56% 54% 54% 52% 53% 49% Grand Total 100% 100% 100% 100% 100% 100% Motor GDPI & Loss Ratio Motor OD 70.5% 63.6% 62.1% 65.5% 65.6% 66.6
Slide 30: BAGIC – Product Portfolio Health and PA
BAGIC – Product Portfolio Health and PA All Figures in ₹ Crore Type (Business Mix) FY23 FY24 Q3 FY2024 Q3 FY2025 9M FY2024 9M FY2025 Retail 26% 14% 20% 7% 12% 11% Group (Employer-Employee & Others) 56% 40% 51% 18% 38% 39% Govt. Schemes 6% 40% 20% 72% 44% 46% Travel Insurance 5% 3% 4% 1% 3% 2% P.A 7%
Slide 31: BAGIC – Commercial Lines and Others
BAGIC – Commercial Lines and Others All Figures in ₹ Crore Type (Business Mix) FY23 FY24 Q3 FY2024 Q3 FY2025 9M FY2024 9M FY2025 Fire 33% 31% 28% 31% 33% 37% Marine 4% 4% 3% 4% 4% 5% Engineering 5% 5% 6% 7% 6% 7% Liability 8% 8% 8% 9% 9% 10% Commercial Lines 49% 48% 45% 52% 52% 58% Crop Insurance 42
Slide 32: Key Technology & Customer Initiatives of 9M FY 2025 – [1/2]
Key Technology & Customer Initiatives of 9M FY 2025 – [1/2] Digital Journey Metrics Digital Servicing @ 77.3% (50.27% through AI BOTs) Digital Issuance @ 96.6% • RPA for Issuance: Enabled 39 processes, till 9M 2024 9M 2025 • 113 Million BOT messages exchanged 9M 2024 9M 2025 date booked 100 Cr premi
Slide 33: Key Technology & Customer Initiatives of 9M FY 2025 – [2/2]
Key Technology & Customer Initiatives of 9M FY 2025 –[2/2] Existing Digital Capabilities Enhanced & Scaled-up Website Caringly Yours App* Our website is now available in 7 different languages for Our Customer facing app remains amongst the most used app our customers in Insurance Industry 23 Mn Visi
Slide 34: BAGIC – Risk Management
BAGIC – Risk Management 96.7% of the debt portfolio in AAA and sovereign assets. and 86.7% of Equity in Nifty 50 stocks & 94.8% in BSE100 stocks. Asset Quality Oversight by Board & Executive Investment Committee and Group level investment forum Robust ALM position Superior underwriting capab
Slide 35: Bajaj Allianz Life Insurance Company Ltd.
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LTD. 34
Slide 36: 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 37: BALIC – Key Highlights - Q3 and 9M FY2025
BALIC – Key Highlights - Q3 and 9M FY2025 All Figures in ₹ Crore For the quarter For the Period FY 2024 Previous financial Particulars Q3 FY2025 Q3 FY2024 Growth 9M FY2025 9M FY2024 Growth year Retail weighted received 1,549 1,553 - 4,738 3,996 19% 6,326 premium Retail Protection NB 108 55 96% 264 1
Slide 38: BALIC – Growth in Retail weighted received premium
BALIC – Growth in Retail weighted received premium All Figures in ₹ Crore RWRP Trend RWRP Trend RWRP Trend 12,000 1,90,000 16,000 50,000 8,000 1,40,000 BALIC Growth 21% 0% 19% Pvt Market 1,70,000 45,000 13% 19% Growth 8% 14,000 7,000 1,20,000 10,000 Overall Industry 5% 40,000 5% 14% 1,50,000 Growth
Slide 39: BALIC – Retail weighted received premium by channel
BALIC – Retail weighted received premium by channel All Figures in ₹ Crore Whole Company Agency +21% 6,326 +0% +19% +20% -14% +9% 2,547 5,214 2,122 4,738 1,845 3,996 1,694 1,553 1,549 638 548 FY23 FY24 Q3 FY24 Q3 FY25 9M FY24 9M FY25 FY23 FY24 Q3 FY24 Q3 FY25 9M FY24 9M FY25 Institutional Business B
Slide 40: BALIC - Product mix
BALIC - Product mix Product Mix* 31% 39% 39% 38% 44% 47% 7% 3% 6% 5% 5% 4% 4% 5% 4% 5% 7% 6% 20% 42% 24% 25% 17% 18% 32% 27% 27% 28% 25% 17% FY23 FY24 Q3 FY24 Q3 FY25 9M FY24 9M FY25 Individual - Par Individual - Non Par Savings Individual - Non Par Protection Individual - Annuity Individual - Unit
Slide 41: BALIC – Diversified Distribution Mix
BALIC – Diversified Distribution Mix Institutional Business - Building sustainable business through strong integration with partners Commercial and Other Banks Others Agency BALIC Direct Focus on profitability and driving higher traditional Mix Analytics backed, focused verticals for upsell and cros
Slide 42: BALIC – Protection
BALIC – Protection All Figures in ₹ Crore Retail Protection (NBP) Group Protection (NBP) 2,287 2,371 2,315 264 241 54% 20% 1,968 1,637 168 171 116 FY 22 FY 23 FY 24 9M FY24 9M FY25 FY 22 FY 23 FY 24 9M FY24 9M FY25 • Retail Protection grew by 54% to ₹ 264 Crore in 9M FY25 vs ₹ 171 Crore in 9M FY24.
Slide 43: BALIC – Number of policies
BALIC – Number of policies In Force policies (Retail) Retail NB NOPs +10% +13% 37,11,417 7,46,555 35,09,451 4 Yr 33,86,083 CAGR – 24% 32,35,240 30,25,662 6,13,205 29,06,604 29,61,166 5,56,533 4,92,237 4,74,974 4,27,003 3,11,418 FY 20 FY 21 FY 22 FY 23 FY 24 9M FY24 9M FY25 FY 20 FY 21 FY 22 FY 23 FY
Slide 44: BALIC – Capital and assets under management
BALIC – Capital and assets under management All Figures in ₹ Crore Net worth AUM AUM (Mix) - Non Unit Linked 5.4% Corporate 14.6% 25.4% Bonds No Capital Accumulated profit infusion since 88% of Net Worth as G-sec FY08 on 31 Dec 2024 1,22,023 Equity 1,09,829 1,04,737 Others 11,139 11,013 10,904 90,58
Slide 45: BALIC – Net New Business Value (NBV) Update
BALIC – Net New Business Value (NBV) Update All Figures in ₹ Crore Rolling Rolling Q3 Q3 Change 9M 9M Change Change Particulars 12M 12M FY2025 FY2024 (%) FY2025 FY2024 (%) (%) FY20251 FY20242 Annualized Premium (ANP)* 1,685 1,727 (2%) 5,455 4,620 18% 8,109 6,854 18% Net New Business Value 254 251 1%
Slide 46: BALIC - NBV and NBM Walk
BALIC - Net New Business Value (NBV) and Net Business Margin (NBM) Walk All Figures in ₹ Crore 800 700 105 83 600 (1.6%) 500 400 581 603 300 *+12.6% *+11.0% 200 100 - Net NBV- 9M FY24 Business Volume Business mix & margins Net NBV- 9M FY25 * NBM % 45
Slide 47: BALIC – Persistency for the period
BALIC – Persistency for the period For the Period Persistency 13th Month Persistency 25th Month 74% 85% 84% 73% 73% 82% 83% 72% 72% 82% FY22 FY23 FY24 9M FY24 9M FY25 FY22 FY23 FY24 9M FY24 9M FY25 Persistency 37th Month Persistency 49th Month Persistency 61st Month 67% 54% 64% 65% 65% 65% 64% 52% 6
Slide 48: BALIC - Performance of Key Digital Assets & New Tech Initiatives: 9M FY2025
BALIC - Performance of Key Digital Assets & New Tech Initiatives: 9M FY2025 2.53 lakh transactions completed Digital campaigns achieved with 13% increase in unique users 1,352 NOPs and ₹23.76 Crore over Q3 FY’24 annualized premium. 5.8 Lakh Monthly Active Users with ~26K active employees, with ~1 La
Slide 49: BALIC – Risk Management
BALIC – Risk Management Prudent assumptions built in product pricing. Product Pricing Stress and multi - scenario testing of pricing Regular review of pricing based on prevailing interest rates Prudent interest rate assumptions to ensure adequacy of statutory reserves Periodic product cond
Slide 50: Bajaj Finserv Health Ltd.
[3 FINSERV BAJAJ BAJAJ FINSERV HEALTH LTD. 49
Slide 51: Bajaj Finserv Health – Key Strategic Differentiators
Bajaj Finserv Health – Key Strategic Differentiators STRATEGY • Digital first Health Tech company providing differentiated products & services on a digital platform to all Payers like Insurers, Corporates, Government and more, through bilateral network arrangement with all Providers • Cover Wellness
Slide 52: Business Model
Business Model PRICING ADVANTAGE FOR PLATFORM & PRODUCT PRODUCTS & SERVICES CAPABILITY CONSUMER NETWORK STACK PLATFORM PAYER STACK Doctors TECHNOLOGY Health App/ SOLUTIONS Corporates Web Dental Cognitive Services Cashless IPD+ Non-Life Diagnostics OPD Insurer Fitness & SaaS for Insurance Health Txns
Slide 53: Bajaj Finserv Health + Vidal Health Landscape
Bajaj Finserv Health + Vidal Health Landscape Bajaj Finserv Health & Vidal Health# TPA Services – Services to TPA Services – TPA Services – Ayushman OPD Services International Corporate Retail Bharat Insurers • PUM- ₹3000 • PUM- ₹1000 • PUM-₹4615 • GMV- ₹1400 Crore Crore • GMV- ₹175 Crore* Crore • 1
Slide 54: Payers Stack Metrics
Payers Stack Metrics Payers Propositions Product Construct No. of Active Partners • TPA services for employer-employee health benefits 360° Benefits To Corporates • Structured OPD benefits 1533 Employees • Health camps for preventive health check drives • TPA services to Insurer customers Non-Life I
Slide 55: Consumer Stack Metrics
Consumer Stack Metrics Healthcare Transactions Key Developments 30,00,000 24,32,048 25,00,000 22,98,163 21,45,347 20,00,000 7,85,934 • Contract signed with a prominent Insurer in GCC 4,81,707 7,21,756 for accessing India Provider network of BFHL 15,00,000 5,41,048 5,41,926 5,31,623 10,00,000 5,65,79
Slide 56: Network Stack Metrics
Network Stack Metrics Doctor Network Dental Network 100000 700000 22150 126759 140000 86044 86225 86450 90000 22100 600000 120000 80000 22050 92022 91695 70000 572509 500000 100000 516052 22000 60000 400000 80000 50000 436578 21950 300000 60000 40000 21900 30000 200000 21850 40000 20000 5617 6894 78
Slide 57: Bajaj Finserv Health Ltd. – Financial Snapshot
Bajaj Finserv Health Ltd. – Financial Snapshot All Figures in ₹ Crore Particulars Q3 FY25 Q2 FY25 Q1 FY25 9M FY25 Total Income 234 233 207 674 PAT (40) (32) (49) (121) Capital infused (as on 31 Dec 2024) 1,126 (Infused during the quarter) (40) Net Worth (as on 31 Dec 2024) 458 Consolidated Revenue &
Slide 58: Bajaj Finserv Direct Ltd.
Bajaj Finserv Direct Ltd. Bajaj Markets & Bajaj Technology Services 57
Slide 59: Bajaj Markets – BFSI Marketplace
Bajaj Markets – BFSI Marketplace STRATEGY Bajaj Markets is a wide-choice (open architecture) diversified marketplace for Financial Services which attracts large number of new-to- Finserv consumers, creates awareness & discovery of the Finserv brand and cross-sells products by leveraging Technology &
Slide 60: Bajaj Markets - Digital Properties' Performance
Bajaj Markets - Digital Properties’ Performance Total Traffic# Organic Visits* (In Thousands) (In Thousands) 70,000 10,000 9,458 9,188 61,083 8,834 59,160 59,282 8,342 8,459 60,000 8,191 51,787 51,351 51,596 50,000 40,000 6,000 Q2 FY Q3 FY Q4 FY Q1 FY Q2 FY Q3 FY Q2 FY Q3 FY Q4 FY Q1 FY Q2 FY Q3 FY
Slide 61: Bajaj Technology Services
Bajaj Technology Services 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. 8 Practices to address business needs of BFSI industry basis strong domai
Slide 62: Bajaj Finserv Direct Ltd. – Financial Snapshot
Bajaj Finserv Direct Ltd. – Financial Snapshot All Figures in ₹ Crore Q3 FY2025 Q3 FY2024 9M FY2025 9M FY2024 FY 2024 FY 2023 Total Income 159 135 455 359 475 391 PAT (3) (23) (32) (55) (73) (52) Capital infused (as on 31 Dec 2024) 809 Net Worth (as on 31 Dec 2024) 496 Total Revenue Total Opex 171 1
Slide 63: Bajaj Finserv Asset Management Company Ltd.
Bajaj Finserv Asset Management Company Ltd. 62
Slide 64: Key Strategic Pillars for Bajaj AMC
Key Strategic Pillars for Bajaj AMC Equity schemes to have clear and differentiated investment strategies to create long term wealth for the investors. Differentiated High Credit Quality investments in Fixed Income schemes to Products ensure safety and mitigate risk. Launch of Passive in space
Slide 65: Key Highlights – Bajaj Finserv AMC
Key Highlights – Bajaj Finserv AMC All Figures in ₹ Crore Bajaj AMC Q3 FY2025 Q3 FY2024 9M FY2025 9M FY2024 FY 2024 FY 2023 Total Income 10.3 5.0 27.4 4.7 14.0 3.4 PAT (53) (44) (154) (90) (166) (39) Capital infused (as at 31 Dec 2024) 500 (Infused during the quarter) (50) Net Worth (as at 31 Dec 20
Slide 66: Bajaj Finance Ltd.
[3 FINSERV BAJAJ BAJAJ FINANCE LTD. 65
Slide 67: 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 sustainable ROA of 4.6%-4.8% and ROE of 21%-23% in the long term • Focused on continuous innovation to transform customer
Slide 68: BFL – Consolidated Performance summary Q3 and 9M FY2025
BFL – Consolidated Performance summary Q3 and 9M FY2025 All Figures in ₹ Crore For the quarter For the period FY 2024 Previous Particulars Q3 FY2025 Q3 FY2024 Growth 9M FY2025 9M FY2024 Growth financial year AUM 3,98,043 3,10,968 28% 3,98,043 3,10,968 28% 3,30,615 Customer Franchise 9.71 8.04 21% 9.
Slide 69: BFL – Key Highlights
BFL – Key Highlights All Figures in ₹ Crore Net interest income grew by 23% to ₹ 9,382 crore as against ₹ 7,655 crore in Q3 FY24. NIM was steady in Q3 FY25 As of 31 Dec 2024, deposits book Contribution to consolidated borrowing was 20% Net Loan losses & provisions for Q3 FY25 were ₹ 2,043 Cror
Slide 70: BFL – Customer Franchise
BFL – Customer Franchise Q3 FY2024 Q3 FY2025 Q2 FY2025 8.04 Crore Total Franchise 9.71 Crore 9.21 Crore 6.29 Crore Credit segment filter 8.03 Crore 7.62 Crore 6.11 Crore Overall Cross sell franchise 7.77 Crore 7.37 Crore Non delinquent 5.41 Crore customers 6.94 Crore 6.58 Crore Cross sell franchise
Slide 71: Bajaj Housing Finance Ltd.
BAJAJ HOUSING FINANCE LTD. 70
Slide 72: BHFL – Key Strategic Differentiators
BHFL – Key Strategic Differentiators STRATEGY • Focus on building a low-risk balance sheet with medium ROE. • Continued focus towards OPEX management through cost out, process efficiencies and digitalization initiatives. • Continuous focus on data analytics to check eligibility and offers for differ
Slide 73: Bajaj Housing Finance Limited – Performance summary Q3 and 9M FY2025
Bajaj Housing Finance Limited – Performance summary Q3 and 9M FY2025 All Figures in ₹ Crore For the quarter For the Period FY 2024 Previous Particulars Q3 FY2025 Q3 FY2024 Growth 9M FY2025 9M FY2024 Growth financial year AUM 108,314 85,929 26% 108,314 85,929 26% 91,370 Net total Income 933 746 25% 2
Slide 74: Environmental, Social and Governance – ESG
Environmental, Social and Governance – ESG (Towards a sustainable Future) 73
Slide 75: ESG – Our focus area
ESG – Our focus area The ambit of ESG is wide and evolving. It is our firm belief that to achieve our ESG objectives and have a greater impact, we need to be focused on identified areas rather than spreading wide. Accordingly, in our Responsible and Sustainable Business Conduct policy, we have ident
Slide 76: Key initiatives during the year
Key initiatives during the year ESG is not just the right thing to do, it is what will shape a better tomorrow for all Preserving & Financial Empowering Governance Protecting Inclusion Society Environment Responsible investment BFL Loans to new to credit Renewable Power - 90 MM units* CSR expenditur
Slide 77: Annexures
[3 BAJAJ FINSERV Annexures B FINSERV BAJAS 76
Slide 78: India – A Growing Opportunity for Financial Services Business
India – A Growing Opportunity for Financial Services Business 77
Slide 79: India is digitising rapidly
India is digitising rapidly Rising Income India Stack Powered the 1.3 Bn Aadhaar generated 16.7 Bn monthly Financial Inclusion transactions – Dec 2024 Investment in Technology Fintech Market to reach USD 422 ONDC facilitated more than to reach USD 44 billion in billion by 2029 100 million transactio
Slide 80: Indian Life Insurance Market – Growth Opportunity
Indian Life Insurance Market – Growth Opportunity Insurance Penetration as a % of GDP Life Insurance Density (US$) 6264 7.1% 7.4% 6.8% 5.0% 3.7% 2285 2245 3.4% 1635 2.8% 2.1% 274 244 425 70 South Korea Taiwan Japan China Thailand Singapore Malaysia India South Korea Taiwan Japan China Thailand Singa
Slide 81: Indian Non-Life Insurance Market – Large Addressable Market
Indian Non- Life Insurance Market – Large Addressable Market Insurance Penetration as a % of GDP 6.0% 3.2% 2.1% 1.9% 1.8% 1.8% 1.4% 1.0% South Korea Taiwan Japan China Thailand Singapore Malaysia India Non Life Insurance Density (US$) 1968 1536 1022 693 234 140 165 25 South Korea Taiwan Japan China
Slide 82: Others
[3 BAJAJ FINSERV Others B FINSERV BAJAS 81
Slide 83: Top Product Offerings
TOP PRODUCT OFFERINGS Personal Commercial SME Rural Partnerships (Group / Motor Motor Property Rural & Agriculture Government) 1. 4W/2W Package Policy 1. Third Party and Own Damage 1. Fire & Allied Perils – Bharat 1. Parametric Index Based Health & Travel 2. Standalone Own Damage for Commercial Vehi
Slide 84: BALIC – Product Suite
BALIC – Product Suite Bajaj Allianz Life Elite Assure Bajaj Allianz Life Smart Wealth Goal II Long Term Bajaj Allianz Life Mortality Future Wealth Gain (Life protection) Wealth Longevity Morbidity Bajaj Allianz Life Bajaj Allianz Life (Retirement (Health Accidental Death Critical Illness planning) p
Slide 85: BFL and BHFL – Product Suite
BFL and BHFL –Product Suite BAJAJ FINANCE LIMITED Consumer SME Commercial Rural Deposits Payments Partnerships & 1. Loan against securities 1. Consumer Durable Services 1. Consumer Durable 1. Unsecured Working 1. Retail Term Issuance Capital Loans 2. IPO financing Loans Deposits 1. Life Insurance Lo
Slide 86: BAGIC - Key Financial metrics vs industry
BAGIC - Key Financial metrics vs industry All Figures in ₹ Crore Particulars BAGIC Industry GWP Growth - 5 Year CAGR 13.2% 10.1% COR - 5 Year average 99.6% 117.5% Total Cost to NWP - 5 year average 27.7% 31.4% Cumulative UW Profit 5 years (27) (132,057) Cumulative PAT for 5 years 6,566 (222) Return
Slide 87: BAGIC – Performance by lines of business
BAGIC – Performance by lines of business GDPI Growth Line of Business Q3 FY2025 BAGIC Q3 FY2025 Industry 9M FY2025 BAGIC 9M FY2025 Industry Commercial Lines** 2.3% (8.0%) 9.9% 1.1% Motor OD 10.3% 7.6% 14.8% 9.1% Motor TP 2.8% 7.5% -2.0% 7.9% Motor Total 6.3% 7.6% 5.9% 8.4% Retail Health 4.4% 3.6% 12
Slide 88: BAGIC – Performance by lines of business
BAGIC – Performance by lines of business Net Loss Ratio Line of Business Q3 FY2025 Q3 FY2024 9M FY2025 9M FY2024 Fire 19.1% 74.2% 60.3% 62.9% Marine Cargo 57.3% 49.7% 73.2% 52.0% Motor OD 65.5% 62.1% 66.6% 65.6% Motor TP 84.5% 72.0% 77.0% 79.5% Motor Total 75.2% 67.6% 72.1% 73.4% Engineering 24.6% 8
Slide 89: BALIC - Key Financial metrics vs industry
BALIC - Key Financial metrics vs industry All Figures in ₹ Crore Particulars BALIC Industry RWRP Growth - 5 Year CAGR 29% 10% GWP Growth - 5 Year CAGR 21% 10% Solvency ratio 432% 200% AUM Growth – 5 Year CAGR 14% 14% NBV* - 5-year CAGR 47% 21% Fastest Growing Private Life Insurance Company Amongst t
Slide 90: BALIC – Growth across key metrics
BALIC – Growth across key metrics All Figures in ₹ Crore New Business Renewals GWP 23,043 CAGR – 22% CAGR – 26% CAGR – 24% 11,494 11,549 19,461 10,738 9,136 16,127 8,724 6,313 6,991 12,025 5,179 5,712 9,752 4,573 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 1200 50.0% N
Slide 91: Thank You
Thank You 90
Slide 92: Disclaimer
Disclaimer All Figures in ₹ Crore 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