Bajaj Finserv Limited · NSE:BAJAJFINSV
Bajaj Finserv — Q4 FY23 Earnings Presentation
70 slides from Bajaj Finserv's earnings presentation, Apr 27, 2023
Slide 1: Exchange filing cover letter
27 April 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 Bandra
Slide 2: Bajaj Finserv Limited Investor Presentation – Q4 FY23
BAJAJ FINSERV LIMITED Investor Presentation – Q4 FY23* *Financial year 2022-23 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 39.12%1 51% Bajaj Auto Limited (Listed) Maharashtra Scooters Limited (Listed) Bajaj Finserv Limited (Listed) Auto Business Arm Auto spare parts Manufacturer Financial Services Arm 52.49%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 Family, needs of Investment/ Asset Asset Health & Individual & Wealth Retirement acquisition protection Income SME management Protection customers General, Health & Life ULIPs*, Fixed Loan (Personal,
Slide 5: Established businesses with strong track record
Bajaj Finserv – Established businesses with strong track record ❑ Non-Bank with strategy & structure of a bank ❑ Diversified financial services strategy with an optimal mix of risk and Bajaj Finance Limited sustainable profit ❑ Focused on mass affluent & above with a strategy to cross-sell with smar
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 Bajaj Finserv Health technology and financial services on a digital platform to bring quality Limited healthcare closer to consu
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 – Q4 FY23
Bajaj Finserv performance highlights – Q4 FY23 All Figures in Rs. Crore Performance Highlights of Q4 FY23 over Q4 FY22 (Ind AS) CY 23,625 1,769 46,407 5,248 25% 31% 15% 20% PY 18,862 1,346 40,247 4,368 Total Revenue PAT* Net Worth Net Worth (Consolidated) (Consolidated) (Consolidated) (Standalone) •
Slide 9: Consolidated profit components – Q4 FY23 (BFS Share)
Consolidated profit components – Q4 FY23 (BFS Share) All Figures in Rs. Crore Consolidated profit# components for Q4 FY23 (Ind AS) Intercompany Adjustments (Net of Tax)# adjustments ❑ Unrealized MTM* Loss on BAGIC Investments – Rs. 11 Cr Bajaj Finserv- ❑ Unrealized MTM* Loss on BALIC Investments – R
Slide 10: FY23 Highlights
FY23 Highlights All Figures in Rs. Crore Highlights of Group Companies BAJAJ FINSERV# FY23 FY22 Growth BAJAJ FINANCE# FY23 FY22 Growth Total Revenue 82,071 68,406 20% AUM 2,47,379 1,97,452 25% Net worth 46,407 40,247 15% Total Income 41,406 31,648 31% PAT 6,417 4,557 41% PAT 11,508 7,028 64% PPOP^ 1
Slide 11: Bajaj Finance Limited
BAJA FINSERV Bajaj Finance Limited 10
Slide 12: BFL – Key Strategic Differentiators
BFL – Key Strategic Differentiators STRATEGY • Diversified financial services strategy seeking to optimise risk and profit, operate a sustainable business model and deliver a superior ROE and ROA • Focused on continuous innovation by transforming customer experience thereby creating growth opportuni
Slide 13: BFL – Q4 FY23 Highlights
BFL – Q4 FY23 Highlights All Figures in Rs. Crore Performance Highlights of Q4 FY23 over Q4 FY22 (Ind AS) CY 2,42,269 11,363 3,158 27% 32% 30% PY 1,91,423 8,629 2,420 Book Size Total Income Profit After Tax CY 1.4% 6.0% ❑ Capital Adequacy stands at 24.97% as of 31 March 2023 vs 27.22% as of 31 March
Slide 14: BFL – Full Year Highlights
BFL – Full Year Highlights All Figures in Rs. Crore Performance Highlights of Full Year FY23 over FY22 CY 41,406 11,508 31% 64% PY 31,648 7,028 Total Income Profit After Tax CY 5.3% 23.5% PY 4.2% 17.4% Return on Assets Return on Equity 13
Slide 15: BFL – Key Highlights
BFL – Key Highlights Q4 FY 2022-23 ▪ Core AUM as on 31 March 2023 stood at Rs. 2,47,379 Cr vs Rs. 1,92,087 Cr last year (29% growth); AUM growth in Q4 FY23 was ~ Rs. 16,537 Cr AUM & Business ▪ 75.6 Lakh new loans in Q4 FY23 as against 62.8 Lakh in Q4 FY22 Franchise Growth ▪ Acquired 30.9 Lakh new cu
Slide 16: BFL – Key Highlights
BFL – Key Highlights Q4 FY 2022-23 ▪ Profit after tax (PAT) for Q4 FY23 increased by 30% to Rs. 3,158 Cr v/s Rs. 2,420 Cr in Q4 FY22 mainly on account of robust AUM growth, higher net Profitability & Capital interest income and better portfolio performance Position ▪ Capital adequacy remained strong
Slide 17: BFL: Book Size and Revenue
BFL : Book Size and Revenue All Figures in Rs. Crore Book Size Total Income FY23 growth of 27% FY23 growth of 31% Q4 FY23 41,406 growth of 32% 2,42,269 31,648 1,91,423 26,683 146,687 11,363 8,629 FY21 FY22 FY23 FY21 FY22 FY23 Q4 FY22 Q4 FY23 Net Interest Income FY23 growth of 32% Q4 FY23 growth of 2
Slide 18: BFL: Loan Loss Provision and Operating Expenses
BFL : Loan Loss Provision and Operating Expenses All Figures in Rs Crore Loss Provision and Net NPA% ❑ GNPA & NNPA stood at 0.94% and 0.34% as of 31 1.50% 6,000 March 2023 as against 1.6% and 0.68% as of 31 4,803 March 2022 5,000 0.68% ❑ Provisioning coverage ratio (PCR) of 64% on stage 3 4,000 0.68
Slide 19: Bajaj Allianz General Insurance
Bajaj Allianz General Insurance 18
Slide 20: 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 DIFFERENTIATORS ▪ Industry leading combined ratios consistently over Strong selection of Risk
Slide 21: BAGIC: Q4 FY23 Highlights
BAGIC : Q4 FY23 Highlights All Figures in Rs Crore Performance Highlights of Q4 FY23 over Q4 FY22 CY 3,766 3,345 2,169 1,990 14% 17% 5% 0% PY 3,300 2,871 2,073 1,988 Gross Written GWP Excl. Crop & Net Written Premium Net Earned Premium Premium (GWP) Govt. Health CY 322 3.4% 391% Solvency Ratio 30% a
Slide 22: BAGIC: Full Year Highlights
BAGIC : Full Year Highlights All Figures in Rs Crore Performance Highlights of Full Year FY23 over FY22 CY 15,487 12,539 8,311 12% 15% 7% PY 13,788 10,862 7,763 Gross Written GWP Excl. Crop & Net Written Premium Premium (GWP) Govt. Health CY 8,019 1,348 15.0% 3% 1% PY 7,779 1,339 17.3% Net Earned Pr
Slide 23: BAGIC – Key Highlights
BAGIC – Key Highlights Q4 2022-23 ▪ GDPI grew by 14.0% in Q4 FY23 as against Private sector growth of 16.5% and Industry# growth of 16.2% ; FY23 growth of 12.0% v/s private sector growth of 20.2% and industry # growth of 16.2% ▪ Ex. Crop & Govt. Health, Q4 FY23 GDPI grew by 16.4% v/s Industry# growt
Slide 24: BAGIC: Combined Ratio
BAGIC : Combined Ratio Combined Ratio 99.6% 100.5% 98.3% 96.9% 97.3% FY21 FY22 FY23 Q4 FY22 Q4 FY23 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 April, 2013. (Net claims incurred
Slide 25: BAGIC: Profit after tax and Capital efficiency
BAGIC : Profit after tax and Capital efficiency All Figures in Rs. Crore PAT Q4 FY23 PAT growth of 30% 1,330 1,339 1,348 248 322 FY21 FY22 FY23 Q4 FY22 Q4 FY23 BAGIC - Capital Invested - Networth Total Capital infused is Rs. 277 Cr Accumulated profit* 97% of No Capital infusion since FY08 Net worth
Slide 26: 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.) Q4 FY23 GDPI growth of 17% 2,41,071 2,05,753 1,85,595 1,58,184 1,13,770 1,30,621 55,273 64,797 71,826 75,133 82,887 37,297 44,003 17,977 20,794 FY21 FY22 FY23 Q4 FY22 Q4 FY23 PSU Private Insurer
Slide 27: BAGIC: Balanced Product Mix
BAGIC : Balanced Product Mix Business Mix 9% 10% 11% 9% 14% 11% 11% 20% 18% 15% 19% 19% 18% 19% 19% 10% 12% 9% 10% 12% 7% 7% 6% 6% 6% 38% 42% 42% 35% 35% FY21 FY22 FY23 Q4 FY22 Q4 FY23 Motor (Retail) Health (Retail) Group Health Prop, Liability, Engg Agri (Crop Insurance) Others ▪ BAGIC’s excluding
Slide 28: BAGIC: Diversified Channel Mix
BAGIC: Diversified Channel Mix Channel Mix 5% 27% 25% 19% 30% 62% 47% 42% 42% 48% 3% 2% 2% 3% 3% 10% 10% 10% 12% 12% 18% 16% 15% 19% 18% FY21 FY22 FY23 Q4 FY22 Q4 FY23 Individual Agents Corporate Agents - Banks Corporate Agents - Others Brokers Direct Business Bancassurance Agency & Retail OEMs* & D
Slide 29: BAGIC: Assets Under Management
BAGIC : Assets Under Management AUM (cash and investments) BAGIC continues to Q4 FY23 growth of 13% grow its AUM strongly 27,809 27,809 24,633 24,633 23,150 Investments are largely in fixed income Rs. Crore securities Investment Leverage of 2.84 as on 31 March 2023 Advance premium as on FY21 FY22 FY
Slide 30: Key Technology & Customer Initiatives of FY2023 – 1/2
Key Technology & Customer Initiatives of FY2023 – 1/2 Digital Journey Metrics Digital Agent Onboarding FY22-23 Digital Issuance FY 22-23 From 100% in FY 21-22 -> From 94.48% in FY 21-22 -> 100% 95.21% Net Promoter Score* Digital Payment FY 22-23 Motor Health FY21 FY22 FY21 FY22 From 90.10% in FY 21-
Slide 31: Key Technology & Customer Initiatives of FY2023 – 2/2
Key Technology & Customer Initiatives of FY2023 – 2/2 Transformation Projects Update Core Transformation Data Center Modernization Customer Loyalty Motor Third Party renewals The hybrid cloud journey has Loyalty program has made initial was moved to the new Policy made a significant progress with pr
Slide 32: 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 ▪ 94.5% of Equity is in Nifty 50 stocks & 97.7% is ▪ Diversified exposure across business lines & in BS
Slide 33: Bajaj Allianz Life Insurance
Bajaj Allianz Life Insurance 32
Slide 34: 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 35: BALIC – Q4 FY23 Highlights
BALIC – Q4 FY23 Highlights All Figures in Rs. Crore Performance Highlights of Q4 FY23 over Q4 FY22 CY 1,992 505 675 3,137 48% -51% -10% 26% PY 1,347 1,030 750 2,483 Individual Rated NB Group Fund NB Group Protection NB Renewal Premium CY 6,434 26 415 516% Solvency Ratio 13% 35% as at -47% 31 Mar 202
Slide 36: BALIC – Full Year Highlights
BALIC – Full Year Highlights All Figures in Rs. Crore Performance Highlights of Full Year FY23 over FY22 CY 5,214 2,653 2,371 8,724 41% -8% 4% 25% PY 3,686 2,888 2,287 6,991 Individual Rated NB Group Fund NB Group Protection NB Renewal Premium CY 19,462 390 950 21% 20% 53% PY 16,127 324 621 Gross Wr
Slide 37: BALIC – Key Highlights
BALIC – Key Highlights Q4 2022-23 ▪ In Q4 FY23, IRNB grew by 48% (vs private players growth of 35% and overall industry growth of 24%) ▪ FY23 growth of 41% vs private players growth of 24% and overall industry growth of 19% Revenue Growth & Market ▪ Market share in IRNB terms increased from 6.7% in
Slide 38: BALIC – Growth momentum continues
BALIC – Growth momentum continues All Figures in Rs Crore New Business Renewals GWP 2 years CAGR* at 2 years CAGR* at 2 years CAGR* at 15% 25% 20% 3,236 3,297 6,434 3,137 5,719 2,493 2,483 4,501 2,008 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY21 Q4 FY22 Q4 FY23 ▪ The topline related metri
Slide 39: 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% 5,214 Q4 FY23 growth 2,122 Q4 FY23 growth of 48% of 65% 3,686 1,489 Agency continues to stride ahead Industry beating growth with substantial growth 1,992 775 1,347 469 989 420 FY
Slide 40: BALIC: Balanced product mix
BALIC : Balanced product mix IRNB Mix Share of Non-par savings stands at 52% in Q4 FY23 31% 25% Individual - Unit Linked 41% 39% 36% 3% 3% Individual - Non Par Protection 3% 2% 6% Individual - Non Par Savings 27% 42% 33% 52% 29% Individual - Annuity 2% 11% 9% Individual - Par 7% 5% 23% 20% 17% 20% 1
Slide 41: BALIC: Diversified Distribution Mix
BALIC : Diversified Distribution Mix Individual Rated New Business Channel-wise Mix ❑ Balanced mix between institutional and proprietary retail channels - Agency, Institutional Business and 11% 9% 9% 9% 8% BALIC Direct contributing approximately 39%, 53% and 8% respectively in Q4 FY23 (in IRNB terms
Slide 42: BALIC: Persistency
BALIC : Persistency Persistency 13th Month Persistency 25th Month 83% 74% 73% 82% 71% 71% 80% 80% 68% 79% Persistency - 13th Month Persistency - 25th Month FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Persistency 37th Month Persistency 49th Month Persistency 61st Month 62% 64% 66% 67% 48% 50% 6
Slide 43: BALIC: New Business Value & New Business Margins
BALIC : New Business Value & New Business Margins All Figures in Rs. Crore Q4 FY23 Q4 FY22 FY23 FY22 Annualized Premium (ANP)* 2,234 1,585 6,117 4,364 Net New Business Value (NBV)** 415 308 950 621 Net New Business Margin (NBM) on ANP 18.6% 19.4% 15.5% 14.2% ❑ NBV for the quarter has increased by 35
Slide 44: BALIC: MCEV – Analysis of Movement
BALIC: MCEV – Analysis of Movement All Figures in Rs. Crore 950 85 33 18,584 17,249 1,419 113 951 315 Embedded Value Operating Profit (EVOP): Rs. 2,488 Cr RoEV : 14.4% As at Unwinding VNB Operational Assumption Investment Capital One-offs As at 31st March Variance Change Variance Distributed 31st Ma
Slide 45: Performance of Key Digital Assets and New Tech Initiatives – FY23
Performance of Key Digital Assets and New Tech Initiatives – FY23 Digital assets Internal Assets INStab WhatsApp for ICs 100% Online Login iRecruit LMS ~25 Lakhs total logins ~16K Unique users ~33K Unique Users Process 51% increase in 62% increase in 35% increase in 24% increase in Unique FY23 over
Slide 46: BALIC: Assets Under Management (AUM) & Net Worth
BALIC : Assets Under Management (AUM) & Net Worth AUM (Mix) • AUM as of 31 March 2023 grew by 6% 90,584 85,623 • Of the UL Funds of Rs. 33,782 73,773 56,802 crore, 71% is equity as on 31 Rs Crore 56,620 56,085 52,196 44,917 March 2023 (71% as on 31 33,559 36,466 33,427 33,782 March 2022 out of the U
Slide 47: 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 48: Bajaj Finserv Direct Ltd (Bajaj Markets)
Bajaj Finserv Direct Ltd (Bajaj Markets) 47
Slide 49: 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 50: Performance of Digital Properties
Performance of Digital Properties Total Visits (In thousands) Organic Visits (In thousands) 50,000 7,000 6,229 42,490 43,808 45,000 40,850 41,445 6,000 5,201 5,219 40,000 35,748 4,977 33,352 35,000 5,000 27,792 30,000 4,000 3,275 3,308 25,000 19,928 2,685 20,000 3,000 2,335 15,000 2,000 10,000 1,000
Slide 51: 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 52: Bajaj Finserv Health Limited
Bajaj Finserv Health Limited 51
Slide 53: 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 54: Bajaj Finserv Health – Business Model
Bajaj Finserv Health – Business Model SUPERIOR CONSUMER EXPERIENCE PROVIDER STACK CONSUMER STACK Doctors Health Insights Health App Cashless OPD Diagnostics Cohort Formation Benefit Utilisation Hospitals Health Transactions Fitness & Wellness Customized Product Provider Information HEALTHCARE TRANSA
Slide 55: Bajaj Finserv Health – Business Metrics
Bajaj Finserv Health – Business Metrics REGISTERED USERS (CUMULATIVE) MONTHLY ACTIVE USERS 1,00,00,000 7,00,000 5,97,758 79,21,110 6,00,000 80,00,000 73,39,823 4,92,029 4,66,061 60,48,577 5,00,000 3,94,480 60,00,000 45,32,739 4,00,000 3,34,594 34,59,468 3,00,000 40,00,000 2,00,000 20,00,000 1,00,000
Slide 56: Bajaj Finserv Health – Network Metrics
Bajaj Finserv Health – Network Metrics DOCTOR NETWORK DENTAL NETWORK 8,16,092 9,00,000 3,00,000 8,00,000 2,39,596 6,64,826 2,50,000 7,00,000 1,83,680 4,97,443 6,00,000 2,00,000 5,00,000 1,42,741 3,45,041 1,50,000 4,00,000 1,82,567 81,353 3,00,000 1,00,000 50,915 2,00,000 68,752 69,577 70,694 73,433
Slide 57: Bajaj Finserv Health – Wellness Stack
Bajaj Finserv Health – Wellness Stack Diet & ABHA Nutrition • ABHA account creation & token creation for programs consumers • HFR/HPR IDs creation & transaction for providers Step Tracker Step Tracker with with Mental Wellbeing Challenges Challenges • Offered to corporates as employee benefit • Incl
Slide 58: Additional Information – BAGIC
Additional Information – BAGIC
Slide 59: BAGIC: Investment Performance
BAGIC : Investment Performance All Figures in Rs Crore Total Funds# Investment Leverage ❑ Investment Portfolio mix 3.34 3.32 3.08 2.79 2.84 for FY23: Corporate 26,619 bonds 22.9%, G-Sec 23,016 24,401 18,778 67.0%, Equity* 7.5%, 16,762 Money Market 2.5% and Fixed Deposits 0.1% ❑ Unrealized loss of Rs
Slide 60: BAGIC: LOB wise Net Loss ratio
BAGIC : LOB wise Net Loss ratio Net Loss Ratio Line of Business Q4 FY23 Q4 FY22 FY23 FY22 Fire 36.1% 12.9% 35.2% 57.1% Marine Cargo 37.6% 42.9% 65.1% 64.0% Motor OD 63.6% 67.6% 70.5% 65.1% Motor TP 61.4% 66.8% 77.2% 71.2% Motor Total 62.3% 67.2% 74.5% 68.5% Engineering 21.0% -2.7% 39.9% 49.7% Person
Slide 61: BAGIC: LOB Growth (Major LOBs)
BAGIC : LOB Growth (Major LOBs) GDPI Growth Line of Business Q4 FY23 BAGIC Growth FY23 BAGIC Growth Commercial Lines** 15.0% 15.2% Motor OD 26.2% 16.5% Motor TP 4.9% 6.1% Motor Total 13.3% 10.4% Personal Accident + Travel 29.8% 45.3% Health (retail + group)* 24.3% 23.0% Total 14.0% 12.0% Total (Ex C
Slide 62: BAGIC Loss Triangle – Cumulative Payment
BAGIC Loss Triangle : Whole Account Excluding IMTPIP on Net Basis as at 31 March 2023 – Cumulative Payment Accident Year Cohort Particulars (Rs. Cr) 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 13 and 14 15 16 17 18 19 20 21 22 23 Prior A] Ultimate Net loss
Slide 63: BAGIC Loss Triangle – Ultimate Net Loss Cost Re-estimate
BAGIC Loss Triangle : Whole Account Excluding IMTPIP on Net Basis as at 31 March 2023 – Ultimate Net Loss Cost Re-estimate Accident Year Cohort Particulars (Rs. Cr) 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 13 and 14 15 16 17 18 19 20 21 22 23 Prior A] U
Slide 64: 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 65: Additional Information – BALIC
Additional Information – BALIC
Slide 66: BALIC: Investment Performance (Shareholder Fund)
BALIC : Investment Performance (Shareholder Fund) All Figures in Rs Crore AUM ~ 10,990 10,678 10,229 9,493 FY20 FY21 FY22 FY23 Total Return* 14.2% 5.8% 5.2% 4.1%** FY20 FY21 FY22 FY23 ~On Market Value Basis |*Total return includes change in unrealized gain/(loss) & impairment charged during the peri
Slide 67: BALIC: Regular Premium Ticket Size
BALIC : Regular Premium Ticket Size All Figures in Rs. Whole Company Non Par Savings FY23 Q4 FY23 FY23 Q4 FY23 increase of 10% increase of 21% increase of 65% increase of 75% 1,09,496 97,555 85,032 80,763 85,099 77,634 57,782 62,405 51,650 36,579 FY21 FY22 FY23 Q4 FY22 Q4 FY23 FY21 FY22 FY23 Q4 FY22
Slide 68: 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 69: Thank You
BAJA FINSERV Thank You
Slide 70: 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