Bajaj Finserv Limited · NSE:BAJAJFINSV
Bajaj Finserv — Q4 FY24 Earnings Presentation
77 slides from Bajaj Finserv's earnings presentation, Apr 26, 2024
Slide 1: Cover letter to stock exchanges
26 April 2024 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 Bandra
Slide 2: Bajaj Finserv Limited Investor Presentation – Q4 and FY24
BAJAJ FINSERV LIMITED Investor Presentation – Q4 and 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) 34.22%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 51.34%3 74% 74% 80.13% 100% 100% Bajaj Allian
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 Family, needs of Investment/ Asset Asset Health & Individual & Wealth Retirement acquisition protection Income SME management Protection 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 Bajaj Allianz with emphasis on multi-channel distribution, strong underwriting General Insurance with stress on combined ratio & prudent financial management Drive t
Slide 6: Bajaj Finserv: Emerging Opportunities
Bajaj Finserv : Emerging Opportunities Newly formed Asset Management Company and Trustee Company for Bajaj Finserv the purpose of strengthening the group’s suite of retail financial offerings through launch of mutual fund business Asset Management Strategy built on innovation, win-win partnershi
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 Limited
Bajaj Finserv Limited
Slide 9: BFS: FY24 Highlights
BFS : FY24 Highlights All Figures in Rs Crore Particulars Q4 FY 2024 Q4 FY 2023 Change Total Revenue 32,042 23,625 36% PAT* 2,119 1,769 20% PAT excluding MTM Gain/Loss 2,152 1,836 17% Particulars 12M FY 2024 12M FY 2023 Change Total Revenue 110,383 82,072 34% PAT* 8,148 6,417 27% PAT excluding MTM G
Slide 10: BFS Standalone: History of Dividend
BFS Standalone : History of Dividend All Figures in ₹ Crore BAGIC BALIC BFL Dividend BFS Share Growth Dividend BFS Grow Dividend BFS Growth Year declared declared Share th declared Share FY 2018 133# 82 127# 78 231 127 FY 2019 133# 82 0% 127# 78 0% 347 191 50% FY 2020 - - - - - - 602 318 66% FY 2021
Slide 11: Consolidated Profit components: Q4 FY24 (BFS Share)
Consolidated Profit components : Q4 FY24 (BFS Share) All Figures in Rs. Crore Consolidated profit# components for Q4 FY24 (Ind AS) Intercompany Adjustments (Net of Tax)# adjustments Unrealized MTM* loss on BAGIC Investments – ₹ 14 Cr Bajaj Finserv- Unrealized MTM* loss on BALIC Investments – ₹ 1
Slide 12: Consolidated Revenue components: Q4 FY24 (BFS Share)
Consolidated Revenue components : Q4 FY24 (BFS Share) All Figures in Rs. Crore Consolidated Revenue# components for Q4 FY24 (Ind AS) Intercompany adjustments Bajaj Finserv- Standalone (398) Others1 54 32,042 Life Insurance 422 Bajaj Finserv – General Consolidated Insurance 9,378 (+ 33%) (+ 36%) Baja
Slide 13: 12M FY24 Highlights
12M FY24 Highlights All Figures in Rs. Crore Highlights of Group Companies BAJAJ FINSERV# 12M FY24 12M FY23 Growth BAJAJ FINANCE# 12M FY24 12M FY23 Growth Total Revenue 110,383 82,072 34% AUM 3,30,615 2,47,379 34% Net worth 60,329 46,407 30% Net Total Income 36,258 28,858 26% PAT 8,148 6,417 27% PPO
Slide 14: Bajaj Finance Limited
Bajaj Finance Limited 13
Slide 15: 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 16: BFL: Q4 FY24 Highlights
BFL : Q4 FY24 Highlights All Figures in Rs Crore Particulars Q4 FY 2024 Q4 FY 2023 Change New deposits booked 2,143 1,682 27% New Loans booked 0.79 0.76 4% New Customers addition 0.32 0.38 16% Net Total Income 9,714 7,781 25% Profit after Tax 3,825 3,158 21% Return on Assets (Non Annualized) 4.8% 5.
Slide 17: BFL: FY24 Highlights
BFL : FY24 Highlights All Figures in Rs Crore Particulars 12M FY 2024 12M FY 2023 Change Book Size 3,26,293 2,42,269 35% Customer Franchise 8.36 6.91 21% Cross Sell Franchise 5.08 4.06 25% Deposit Book 60,151 44,666 35% New Loans booked 3.62 2.96 22% New Customers addition 1.45 1.16 25% Net Total In
Slide 18: BFL: Subsidiaries Key Highlights
BFL : Subsidiaries Key Highlights Subsidiaries – Q4 2023-24 A. Bajaj Housing Finance Limited (BHFL) In Q4, overall disbursements grew by 26%. Disbursements stood at Rs. 11,393 Cr in Q4 FY24 as against Rs. 9,026 Cr in Q4 FY23 Opex to NTI stood at 27.1% in Q4 FY24 as against 26.5% in Q4 FY23 Pro
Slide 19: BFL: Book Size and Revenue
BFL : Book Size and Revenue All Figures in ₹ Crore Book Size Net Total Income FY24 growth of 26% 36,258 Q4 FY24 FY24 growth of 35% 3,26,293 growth of 25% 28,858 2,42,269 21,894 1,91,423 146,687 9,714 7,775 FY21 FY22 FY23 FY24 FY22 FY23 FY24 Q4 FY23 Q4 FY24 Net Interest Income FY24 growth of 29% Q4 F
Slide 20: 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% 6,000 4,803 GNPA & NNPA stood at 0.85% and 0.37% as of 5,000 4,631 31 Mar 2024 as against 0.94% and 0.34% as of 31 4,000 3,190 0.37% Mar 2023 0.34% 3,000 0.68% Provisioning coverage ratio (
Slide 21: Bajaj Allianz General Insurance
Bajaj Allianz General Insurance 20
Slide 22: 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 c
Slide 23: BAGIC: Q4 FY24 Highlights
BAGIC : Q4 FY24 Highlights All Figures in Rs Crore Particulars Q4 FY 2024 Q4 FY 2023 Change Gross Written Premium 4,962 3,766 32% GWP Excl. Crop & Govt. Health 3,780 3,345 13% Net Earned Premium 2,338 1,990 18% Combined Ratio (CoR) 101.6% 97.3% 4.3% Profit after Tax 380 322 18% Return on Average Equ
Slide 24: BAGIC: FY24 Highlights
BAGIC : FY24 Highlights All Figures in Rs Crore Particulars 12M FY 2024 12M FY 2023 Change Gross Written Premium 20,630 15,487 33% GWP Excl. Crop & Govt. Health 15,068 12,539 20% Net Earned Premium 8,884 8,019 11% Combined Ratio (CoR) 99.9% 100.5% 0.6% Profit after Tax 1,550 1,348 15% Return on Aver
Slide 25: BAGIC: Combined Ratio – Consistently among the best
BAGIC : Combined Ratio – Consistently among the best Combined Ratio 99.6% 100.5% 99.9% # 101.6% 97.3% FY22 FY23 FY24 Q4 FY23 Q4 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
Slide 26: BAGIC: Profit after tax and Capital efficiency
BAGIC : Profit after tax and Capital efficiency All Figures in Rs. Crore PAT FY24 PAT growth of 15% Q4 FY24 PAT growth of 18% 1,550 1,339 1,348 322 380 FY22 FY23 FY24 Q4 FY23 Q4 FY24 BAGIC - Capital Invested - Networth Total Capital infused is Rs. 277 Cr Accumulated profit* 98% of No Capital infusio
Slide 27: BAGIC: Consistently amongst top private insurers in Gross Direct Premium
BAGIC : Consistently amongst top private insurers in terms of Gross Direct Premium FY24 GDPI Industry GDPI Trend (Rs. Cr.) Q4 FY24 GDPI growth of 13% growth of 16% 2,78,549 2,41,077 2,05,753 1,88,206 158,186 1,30,621 64,802 73,280 75,133 82,891 90,342 44,003 50,733 20,799 22,547 FY22 FY23 FY24 Q4 FY
Slide 28: BAGIC: Balanced Product Mix
BAGIC : Balanced Product Mix Business Mix 9% 9% 7% 9% 11% 15% 14% 11% 18% 19% 17% 19% 19% 19% 15% 0% 6% 1% 14% 12% 5% 10% 12% 7% 13% 14% 6% 6% 6% 5% 42% 35% 35% 31% 29% FY22 FY23 FY24 Q4 FY23 Q4 FY24 Motor (Retail) Health (Retail) Group Health Govt health Prop, Liability, Engg Agri (Crop Insurance)
Slide 29: BAGIC: Diversified Channel Mix
BAGIC : Diversified Channel Mix Channel Mix 5% 30% 25% 24% 36% 62% 48% 39% 42% 35% 3% 3% 2% 2% 3% 12% 14% 10% 10% 10% 16% 15% 16% 18% 19% FY22 FY23 FY24 Q4 FY23 Q4 FY24 Individual Agents Corporate Agents - Banks Corporate Agents - Others Brokers Direct Business Bancassurance Agency & Retail OEMs* &
Slide 30: BAGIC: Assets Under Management
BAGIC : Assets Under Management BAGIC AUM (cash and investments) continues to grow its AUM strongly FY24 growth of 12% 31,196 Investments are largely in 27,809 fixed income 24,633 securities (13% Equity, 87% Debt) Rs. Crore Investment leverage of 2.72 as on 31 Mar 2024 Advance Premium as on 31 Mar 2
Slide 31: Profit (PBT) Waterfall: FY23 vs FY24
Profit (PBT) Waterfall: FY23 vs FY24 Q1FY23 vs Q1FY24 All Figures in Rs. Crore 40 47 (65) (14) 2,173 146 (118) 216 2,055 1,803 UW loss UW loss Rs. 121 cr Advance premium Heavy rain Rs. 166 cr (grew by 26%) & cyclone claims Rs. 118 Cr (net) Investment Investment income income Rs. 1,924 cr Rs. 2,221 c
Slide 32: Key Technology & Customer Initiatives of FY23-24: 1/2
Key Technology & Customer Initiatives of FY23-24: 1/2 Digital Journey Metrics Digital Agent Onboarding FY23-24 Digital Issuance FY23-24 From 100% in FY 22-23 -> 100% From 95.21% in FY 22-23 -> 96.33% Digital Payment FY23-24 Net Promoter Score* Motor Health FY22 FY23 FY22 FY23 From 92.47% in FY 22-23
Slide 33: Key Technology & Customer Initiatives of FY23-24: 2/2
Key Technology & Customer Initiatives of FY23-24: 2/2 Core Transformation Agri Nxt Group Health Hybrid Cloud Launched AgriNxt, a cutting-edge platform First set of covers has gone live on the Modernized 7-year-old data center to a smart for Agri line of business Maximus platform hybrid cloud, aligni
Slide 34: BAGIC: Risk Management
BAGIC : Risk Management Asset Quality Pricing & Underwriting Superior underwriting capability leading to low 98.9% of the debt portfolio in AAA and Combined Ratio consistently sovereign assets Diversified exposure across business lines & 90% of Equity in Nifty 50 stocks & 96.9% in BSE geogra
Slide 35: Bajaj Allianz Life Insurance
Bajaj Allianz Life Insurance 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 business • Business construct is to maximize customer benefits while gaining market share in retail space, maintaining shareholder return
Slide 37: BALIC: Q4 Highlights
BALIC : Q4 24 Highlights All Figures in Rs Crore Particulars Q4 FY 2024 Q4 FY 2023 Change Individual Rated NB 2,330 1,992 17% Retail Protection IRNB 70 62 13% Group Protection NB 678 675 1% Renewal Premium 4,230 3,137 35% Gross Written Premium 8,183 6,434 27% Profit After Tax 106 26 321% Net New Bus
Slide 38: BALIC: FY24 Highlights
BALIC : FY24 Highlights All Figures in Rs Crore Particulars 12M FY 2024 12M FY 2023 Change Individual Rated NB 6,326 5,214 21% Retail Protection IRNB 241 166 45% Group Protection NB 2,315 2,371 (2%) Renewal Premium 11,549 8,724 32% Gross Written Premium 23,043 19,462 18% Profit After Tax 563 390 44%
Slide 39: BALIC: NOP Vs In force policies (Individual)
BALIC : NOP Vs In force policies (Individual) No. of Policies (NOP) FY20 – FY24 CAGR growth of 24% FY24 growth of 22% 7,46,555 FY23 growth of 29% 6,13,205 4,74,974 4,27,003 3,11,418 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 In-Force policies (Individual) FY24 growth of 8% Continued focus on policy acc
Slide 40: BALIC: Individual Rated New Business
BALIC : Individual Rated New Business All Figures in Rs Crore Whole Company Agency FY24 growth of 21% 6,326 Q4 FY24 growth FY24 growth of 20% Q4 FY24 growth of 17% of 10% 5,214 2,547 2,122 Agency continues to 3,686 Industry beating stride ahead with growth 1,489 substantial growth 2,330 1,992 853 77
Slide 41: BALIC: Balanced product mix
BALIC : Balanced product mix IRNB Mix Share of Par has increased to 27% 31% 25% Individual - Unit Linked 39% 39% 40% 3% 3% Individual - Non Par Protection 3% 4% 3% Individual - Non Par Savings 27% 42% 24% 52% 24% Individual - Annuity 11% 6% 6% 7% 5% Individual - Par 20% 27% 27% 17% 15% FY22 FY23 FY2
Slide 42: BALIC: Diversified Distribution Mix
BALIC : Diversified Distribution Mix Institutional Business - Building sustainable business through strong integration with partners Commercial and Other Banks Others New partners added during FY24 Agency BALIC Direct Focus on profitability and driving higher traditional Mix Analytics backed, focuse
Slide 43: BALIC: Persistency
BALIC : Persistency Persistency 13th Month Persistency 25th Month 84.3% 74.4% 83.2% 72.6% 72.7% 81.7% FY 22 FY 23 FY 24 FY 22 FY 23 FY 24 Persistency 37th Month Persistency 49th Month Persistency 61st Month 67.2% 51.7% 64.3% 64.1% 63.6% 64.0% 49.9% 61.5% 48.4% FY 22 FY 23 FY 24 FY 22 FY 23 FY 24 FY
Slide 44: BALIC: New Business Value & New Business Margins
BALIC : New Business Value & New Business Margins All Figures in Rs. Crore Q4 FY24 Q4 FY23 Change(%) FY24 FY23 Change(%) Annualized Premium (ANP)* 2,654 2,234 19% 7,274 6,117 19% Net New Business Value (NBV)** 480 415 16% 1,061 950 12% Net New Business Margin (NBM)++ on 18.1% 18.6% -0.5% 14.6% 15.5%
Slide 45: BALIC MCEV: Analysis of Movement
BALIC MCEV : Analysis of Movement EV as at Embedded Value Operating Profit (EVOP) 31st EV as at EVOP : Rs. 2,695 Cr Mar’24 31st RoEV : 14.50% 21,726 March’23 452 VIF: 38 73 899 18,584 8,905 1,061 VIF: 1,523 7,502 NAV: NAV: 12,821 11,082 As at Unwinding VNB Operational Assumption Investment Capital A
Slide 46: Performance of Key Digital Assets and New Tech Initiatives: FY24
Performance of Key Digital Assets and New Tech Initiatives : FY24 Distributor Facing Assets Customer Facing Assets Customer Data Platform Customer App (CDP) 9.5 lakh transactions completed with 41% Intelligent campaign management and re- increase in unique users over FY’23 targeting platform for lea
Slide 47: BALIC: Assets Under Management (AUM) & Net Worth
BALIC : Assets Under Management (AUM) & Net Worth AUM (Mix) • AUM as of 31 Mar 2024 grew by 21% as against 6% as of 31 1,09,829 March 2023 85,623 90,584 66,086 • Of the UL Funds (inc Unclaimed 56,802 Fund) of Rs. 43,744 Cr, 77% is Rs Crore 52,196 43,744 equity as on 31 Mar 2024 (71% 33,427 33,782 as
Slide 48: BALIC: Risk Management
BALIC : Risk Management Prudent assumptions in 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 portfolio
Slide 49: Bajaj Finserv Direct Ltd (Bajaj Markets)
Bajaj Finserv Direct Ltd (Bajaj Markets) 48
Slide 50: BFSI Marketplace Business
BFSI Marketplace Business 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 & Analyti
Slide 51: B2C | BFSI Marketplace: Bajaj Markets
B2C | BFSI Marketplace : Bajaj MARKETS Total Traffic (In Thousands) Organic Visits(In Thousands) 60,000 10,000 9,188 9,458 51,787 51,351 51,596 8,560 8,834 50,000 41,556 8,000 40,795 40,936 6,229 40,000 6,000 5,219 30,000 4,000 20,000 2,000 10,000 0 0 Q3 FY Q4 FY Q1 FY Q2 FY Q3 FY Q4 FY Q3 FY Q4 FY
Slide 52: Bajaj Finserv Direct Ltd.: Financial Snapshot
Bajaj Finserv Direct Ltd. : Financial Snapshot All Figures in Rs. Crore Bajaj Markets Q4 FY24 Q3 FY23 FY24 FY23 Total Income 117 113 475 391 PAT (18) (4) (73) (52) Capital infused (as on 31 Mar 2024) 807 (Infused during the quarter) - Net Worth (as on 31 Mar 2024) 528 Total Revenue Total Opex 150 14
Slide 53: 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. • Focuses on building digital-first solutions for BFSI businesse
Slide 54: Bajaj Finserv Health Limited
Bajaj Finserv Health Limited 53
Slide 55: 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 56: Bajaj Finserv Health: Business Model
Bajaj Finserv Health : Business Model PRICING ADVANTAGE FOR PLATFORM & PRODUCTS & SERVICES PRODUCTCAPABILITY PROVIDER STACK CONSUMER STACK PAYER STACK Doctors Health Insights Doctors Corporates Dental Non Life Cohort Dental Insurer* Diagnostics Formation Diagnostics Life Insurer* Pharmacy Customized
Slide 57: Bajaj Finserv Health: Payer Stack Metrics
Bajaj Finserv Health : Payer Stack Metrics No. of Payers Propositions Product Construct partners • Structured OPD benefits 360° Benefits To Corporates • Health camps for preventive health 154 Employees check drives • Service provider for OPD wellness Non Life Insurers benefit sold by Insurers Contin
Slide 58: Bajaj Finserv Health: Overall Metrics & Services
Bajaj Finserv Health : Overall Metrics & Services INCOME & OPEX (Lakhs) Growth Over 154 % 95 % Q4 FY23 21,184 19,313 20,138 17,102 17,369 16,382 15,455 13,169 10,879 6,836 Q4 FY22-23 Q1 FY23-24 Q2 FY23-24 Q3 FY23-24 Q4 FY23-24 Total Income (in Lakhs) Total Opex (in Lakhs) Health Services Wellness Se
Slide 59: Bajaj Finserv Health: Consumer Stack Metrics
Bajaj Finserv Health : Consumer Stack Metrics REGISTERED USERS (CUMULATIVE) MONTHLY ACTIVE USERS 2,00,00,000 4,00,000 3,45,200 1,59,51,892 3,50,000 3,09,632 2,89,766 1,50,00,000 1,31,78,380 3,00,000 2,59,648 2,47,596 1,13,21,051 2,50,000 94,64,233 1,00,00,000 81,62,955 2,00,000 1,50,000 50,00,000 1,
Slide 60: Bajaj Finserv Health: Network Stack Metrics
Bajaj Finserv Health : Network Stack Metrics DOCTOR NETWORK DENTAL NETWORK 10,00,000 1,30,000 2,53,243 2,65,927 25,000 7,92,540 1,20,000 2,50,000 2,18,689 2,10,681 8,00,000 6,58,799 6,19,813 6,84,653 6,36,456 1,10,000 2,00,000 1,53,156 23,000 6,00,000 1,00,000 83,848 84,443 85,663 85,951 1,50,000 21
Slide 61: Vidal Healthcare Transaction Update
Vidal Healthcare Transaction Update • On 30th Jan’24, the board of Bajaj Finserv Health Ltd has approved the Highlights of the acquisition of Vidal Healthcare Services (VHC) Transaction • With this, VHC and its subsidiaries will become wholly owned subsidiaries of Bajaj Finserv Health Limited • VHC
Slide 62: Bajaj Finserv Asset Management Company
Bajaj Finserv Asset Management Company 61
Slide 63: 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 64: Key Highlights: Emerging Businesses
Key Highlights : Emerging Businesses All Figures in ₹ Crore Bajaj AMC Q4 FY24 Q4 FY23 FY24 FY23 Total Income 5.24 1.05 14.05 3.36 PAT (47.22) (21) (167.06) (38.08) Capital infused (as at 31 Mar 2024) 300 (Infused during the quarter) (-) Net Worth (as at 31 Mar 2023) 91.61 List of Mutual Funds launch
Slide 65: Additional Information – BAGIC
Additional Information – BAGIC
Slide 66: BAGIC: LOB wise Net Loss ratio
BAGIC : LOB wise Net Loss ratio Net Loss Ratio Line of Business Q4 FY24 Q4 FY23 12M FY24 12M FY23 Fire 6.0% 36.1% 47.4% 35.2% Marine Cargo 88.7% 37.6% 60.3% 65.1% Motor OD 57.8% 63.6% 63.6% 70.5% Motor TP 74.9% 61.4% 78.4% 77.2% Motor Total 67.1% 62.3% 71.8% 74.5% Engineering -14.9% 21.0% 41.7% 39.9
Slide 67: BAGIC: Growth by Lines of Business (LOB)
BAGIC : Growth by Lines of Business (LOB) (Major LOBs) GDPI Growth Line of Business Q4 FY24 BAGIC Q4 FY24 Industry 12M FY24 BAGIC 12M FY24 Industry Growth Growth Growth Growth Commercial Lines** 6.5% 7.8% 14.2% 7.4% Motor OD -0.7% 14.6% 14.8% 17.4% Motor TP -2.5% 6.6% 5.1% 10.0% Motor Total -1.7% 9.
Slide 68: BAGIC: Impact of NAT CAT Events FY24
BAGIC : Impact of NAT CAT Events FY 24 FY24 Event Name (Rs. In Crore) Gross Net Cyclone Biparjoy 124 23 North India Flood 99 8 Sikkim Flash Flood 193 10 Cyclone Michaung 242 49 Tamilnadu Flood 77 21 Others 9 6 Grand Total 745 118 *NAT CAT – Natural Catastrophe 67
Slide 69: BAGIC Loss Triangle – Cumulative Payment
BAGIC Loss Triangle : Whole Account Excluding IMTPIP on Net Basis as at 31 March 2024 – Cumulative Payment Accident Year Cohort 3/31/201 Particulars (Rs. Cr) 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 4 and 15 16 17 18 19 20 21 22 23 24 before A] Ultimate Net los
Slide 70: BAGIC Loss Triangle – Ultimate Net Loss Cost Re-estimate
BAGIC Loss Triangle : Whole Account Excluding IMTPIP on Net Basis as at 31 March 2024 – Ultimate Net Loss Cost Re-estimate Accident Year Cohort 3/31/201 Particulars (Rs. Cr) 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 4 and 15 16 17 18 19 20 21 22 23 24 before A]
Slide 71: BAGIC: Loss Triangles - IMTPIP reserving
BAGIC : Loss Triangles - IMTPIP reserving • The IMTPIP came to operation on 1st April 2007 exclusively for third party claims in respect of commercial vehicles. All insurers registered to carry on non-life insurance business including motor business were automatically required to participate in the
Slide 72: Additional Information – BALIC
Additional Information – BALIC
Slide 73: BALIC: Investment Performance (Shareholder Fund)
BALIC : Investment Performance (Shareholder Fund) All Figures in Rs Crore AUM ~ 10,990 11,006 10,678 10,229 Asset mix as on 31 March 2024: Corporate Bonds FY21 FY22 FY23 FY 24 23.1%, G-Sec 48.4%, Equity 18.5%, FD & other assets Total Return* 10.1% (on Market value basis) 14.2% 12.1% 5.2% 4.1%** FY
Slide 74: BALIC: Regular Premium Ticket Size
BALIC : Regular Premium Ticket Size All Figures in Rs. Whole Company Non Par Savings FY 22 - FY 24 FY 22 - FY 24 growth of 9% growth of 40% 1,09,496 97,555 91,730 85,032 84,739 85,099 77,648 72,221 77,086 51,650 FY22 FY23 FY24 Q4 FY23 Q4 FY24 FY22 FY23 FY24 Q4 FY23 Q4 FY24 Par Savings ULIPs FY 22 -
Slide 75: BFS: ESG Initiatives undertaken in identified focus areas
BFS : ESG Initiatives undertaken in identified focus areas “ESG is not just the right thing to do, it is what will shape a better tomorrow for all.” Reaching Financial Services to Million Preserving and Protecting Governance of Indians Environment • Board approved ‘Responsible & • Financial products
Slide 76: Thank You
FINSERV BAJAJ Thank You
Slide 77: 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