Bajaj Finserv Limited · NSE:BAJAJFINSV
Bajaj Finserv — Q3 FY24 Earnings Presentation
80 slides from Bajaj Finserv's earnings presentation, Jan 30, 2024
Slide 1: Cover letter to stock exchanges
30 January 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 Band
Slide 2: Bajaj Finserv Limited Investor Presentation – Q3 FY24
BAJAJ FINSERV LIMITED Investor Presentation – Q3 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) 34.16%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 51.42%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 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: 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 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: Results for the quarter
Results for the quarter
Slide 9: Bajaj Finserv performance highlights – Q3 FY24
Bajaj Finserv performance highlights – Q3 FY24 All Figures in Rs. Crore Performance Highlights of Q3 FY24 over Q3 FY23 (Ind AS) CY 29,038 2,158 57,307 6,524 33% 21% 20% 25% PY 21,755 1,782 44,551 5,213 Total Revenue PAT* Net Worth Net Worth (Consolidated) (Consolidated) (Consolidated) (Standalone) •
Slide 10: Consolidated profit components – Q3 FY24 (BFS Share)
Consolidated profit components – Q3 FY24 (BFS Share) All Figures in Rs. Crore Consolidated profit# components for Q3 FY24 (Ind AS) Intercompany Adjustments (Net of Tax)# adjustments Unrealized MTM* Gain on BAGIC Investments – ₹ 24 Cr Bajaj Finserv- Unrealized MTM* Gain on BALIC Investments – ₹ 7
Slide 11: 9M FY24 Highlights
9M FY24 Highlights All Figures in Rs. Crore Highlights of Group Companies BAJAJ FINSERV# 9M FY24 9M FY23 Growth BAJAJ FINANCE# 9M FY24 9M FY23 Growth Total Revenue 78,341 58,447 34% AUM 3,10,968 2,30,842 35% Net worth 57,307 44,551 20% Net Total Income 26,541 21,081 26% PAT 6,029 4,648 30% PPOP^ 17,
Slide 12: Bajaj Finance Limited
Bajaj Finance Limited 11
Slide 13: 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 14: BFL Consolidated Results – Q3 FY24 Highlights
BFL Consolidated Results – Q3 FY24 Highlights All Figures in ₹ Crore Performance Highlights of Q3 FY24 over Q3 FY23 (Ind AS) CY 3,06,389 8.04 Crore 9,298 3,639 36% 22% 25% 22% PY 2,25,399 6.61 Crore 7,438 2,973 Book Size Customer Net Total Income Profit After Tax Franchise CY 1.2% 5.5% Capital Ade
Slide 15: BFL – Key Highlights
BFL – Key Highlights Q3 FY 2023-24 AUM as on 31 Dec 2023 stood at Rs. 3,10,968 Cr vs Rs. 2,30,842 Cr last year (35% growth); AUM growth in Q3 FY24 was Rs. 20,704 Cr 98.6 Lakh new loans booked in Q3 FY24 as against 78.4 Lakh in Q3 FY23 In Q3 FY24, BFL witnessed highest ever new customers acquis
Slide 16: BFL – Key Highlights
BFL – Key Highlights Q3 FY 2023-24 Loan losses & provisions for Q3 FY24 were Rs. 1,248 Cr vs Rs. 841 Cr in Q3 FY23; BFL holds a management & macro-economic overlay provision of Rs. 590 Cr as of 31 Dec 2023. The Company released ₹ 150 crore from the overlay in Q3. Credit Costs Annualized loan los
Slide 17: BFL – Key Highlights
BFL – Key Highlights On 2 November 2023, through Preferential Issue, BFL has allotted 15,50,000 warrants to Bajaj Finserv Limited, the promoter and holding company at a price of ₹ 7,670 per warrant, Additional updates On 9 November 2023, through Qualified Institutions Placement (QIP), BFL has al
Slide 18: BFL: Book Size and Revenue
BFL : Book Size and Revenue All Figures in ₹ Crore Book Size Net Total Income FY23 growth of 27% Q3 FY24 growth of 36% FY23 growth of 32% 28855 Q3 FY24 growth of 25% 3,06,389 21,894 2,42,269 2,25,399 17,269 1,91,423 146,687 9,298 7,438 FY21 FY22 FY23 Q3 FY23 Q3 FY24 FY21 FY22 FY23 Q3 FY23 Q3 FY24 Ne
Slide 19: 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 0.95% and 0.37% as of 1.50% 6,000 31 Dec 2023 as against 1.14% and 0.41% as of 31 5,000 4,803 Dec 2022 4,000 Provisioning coverage ratio (PCR) of 62% on 3,190 0.41% 3,000 0.6
Slide 20: Bajaj Allianz General Insurance
Bajaj Allianz General Insurance 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 c
Slide 22: BAGIC: Q3 FY24 Highlights
BAGIC : Q3 FY24 Highlights All Figures in Rs Crore Performance Highlights of Q3 FY24 over Q3 FY23 CY 4,536 3,707 2,358 102.9%# 19% 20% 13% -2.6% (abs) 3,821 3,097 2,086 100.3% PY Gross Written GWP Excl. Crop & Net Earned Premium Combined Ratio (COR) Premium (GWP) Govt. Health # Excluding NAT CAT 287
Slide 23: BAGIC – Key Highlights
BAGIC – Key Highlights Q3 2023-24 GDPI grew by 18.7% in Q3 FY24 as against Private sector growth of 16.2% and Industry# growth of 11.2% Ex. Crop & Govt. Health, Q3 FY24 GDPI grew by 19.6% v/s Private sector growth of 14.8% and Industry# growth of 9.4% contributed mainly by Strong growth in Comme
Slide 24: BAGIC: Combined Ratio – Consistently among the best
BAGIC : Combined Ratio – Consistently among the best Combined Ratio (COR) 100.5% 100.3% 102.9%* 99.6% 96.9% FY21 FY22 FY23 Q3 FY23 Q3 FY24 1. Combined Ratios are in accordance with the Master Circular on ‘Preparation of Financial statements of General Insurance Business’ issued by IRDA effective fro
Slide 25: BAGIC: Profit after tax and Capital efficiency
BAGIC : Profit after tax and Capital efficiency All Figures in Rs. Crore PAT Q3 FY24 PAT growth of 3% 1,330 1,339 1,348 278 287 # FY21 FY22 FY23 Q3 FY23 Q3 FY24 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: Impact of NAT CAT Events FY24
BAGIC : Impact of NAT CAT Events FY 24 Q3 FY24 9M FY24 Event Name (Rs. In Crore) Gross Net Gross Net Cyclone Biparjoy 26 1 126 20 North India Flood 38 1 97 9 Sikkim Flash Flood 156 9 156 9 Cyclone Michaung 248 54 248 54 Tamilnadu Flood 46 13 46 13 Others 4 1 12 7 Grand Total 518 79 685 112 *NAT CAT
Slide 27: BAGIC: Consistently amongst top private insurers in Gross Direct Premium
BAGIC : Consistently amongst top private insurers in terms of Gross Direct Premium Industry GDPI Trend (Rs. Cr.) Q3 FY24 GDPI growth of 13% 2,41,071 2,05,753 1,85,595 1,58,184 1,13,770 1,30,621 59,989 67,614 71,826 75,133 82,887 38,910 45,816 21,080 21,798 FY21 FY22 FY23 Q3 FY23 Q3 FY24 PSU Private
Slide 28: BAGIC: Balanced Product Mix
BAGIC : Balanced Product Mix Business Mix 8% 8% 8% 8% 12% 15% 18% 19% 20% 13% 19% 17% 18% 19% 17% 6% 0% 5% 1% 1% 9% 12% 10% 12% 13% 6% 5% 6% 6% 5% 38% 35% 35% 39% 35% FY21 FY22 FY23 Q3 FY23 Q3 FY24 Motor (Retail) Health (Retail) Group Health Govt health Prop, Liability, Engg Agri (Crop Insurance) Ot
Slide 29: BAGIC: Diversified Channel Mix
BAGIC: Diversified Channel Mix Channel Mix 27% 30% 25% 22% 24% 42% 48% 50% 40% 42% 3% 5% 10% 2% 2% 2% 12% 10% 10% 10% 18% 16% 15% 15% 19% FY21 FY22 FY23 Q3 FY23 Q3 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 AUM (cash and investments) BAGIC continues to Q3 FY24 growth of 17% grow its AUM 30,296 strongly 27,809 25,977 Investments 24,633 are largely in 23,150 fixed income securities (13% Rs. Crore Equity, 87% Debt) Investment leverage of 2.74 as on 31 Dec 2023 Advance FY21
Slide 31: Profit (PBT) Waterfall: Q3FY23 vs Q3FY24
Profit (PBT) Waterfall: Q1FY23 vs Q1FY24 All Figures in Rs. Crore 17 61 82 463 (44) (26) 373 384 UW loss (79) UW loss Rs. 40 cr Rs. 85 cr Largely attributable to (a) higher Heavy rain Investment advance premium Investment & cyclone income (grew by 30%) since income Rs. 413 cr claims Rs. 79 Rs. 469 c
Slide 32: Key Technology & Customer Initiatives of 9M FY23-24: 1/2
Key Technology & Customer Initiatives of 9M FY23-24: 1/2 Digital Journey Metrics Digital Agent Onboarding 9M FY23-24 Digital Issuance 9M FY23-24 From 100% in FY 22-23 -> From 95.64% in FY 22-23 -> 100% 96.33% Digital Payment 9M FY23-24 Net Promoter Score* Motor Health FY22 FY23 FY22 FY23 From 94.12%
Slide 33: Key Technology & Customer Initiatives of 9M FY23-24: 2/2
Key Technology & Customer Initiatives of 9M 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 20 Mn visitors | 4
Slide 34: BAGIC: Risk Management
BAGIC : Risk Management Asset Quality Pricing & Underwriting Superior underwriting capability leading to low 99% of the debt portfolio in AAA and sovereign Combined Ratio consistently assets Diversified exposure across business lines & 90% of Equity in Nifty 50 stocks & 97.3% in BSE geograph
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 growth engines • Business construct is to maximize customer benefits while gaining market share in retail space, maintaining shareholder
Slide 37: BALIC – Q3 FY24 Highlights
BALIC – Q3 FY24 Highlights All Figures in Rs. Crore Performance Highlights of Q3 FY24 over Q3 FY23 CY 1,553 54 555 2,903 104,737 24% 17% -8% 31% 17% PY 1,255 47 605 2,215 89,466 Individual Rated NB Retail Protection Group Protection Renewal Premium AUM IRNB NB CY 5,464 108 251 446% Solvency Ratio 20
Slide 38: BALIC – Key Highlights
BALIC – Key Highlights Q3 2023-24 In Q3 FY24, IRNB grew by 24% (vs private industry growth of 9% and overall industry growth of 6%) In 9M & Q3, BALIC was the fastest growing Company amongst top 10 private players on IRNB basis Revenue Growth & Market Market share in IRNB terms increased from 7
Slide 39: BALIC – Topline related metrics
BALIC – Topline related metrics All Figures in Rs Crore IRNB New Business Renewals 24% 1,553 31% 2,903 1,255 12% 2,561 2,215 2,289 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 GWP Group Fund NB Group Protection NB 5,464 21% 4,504 605 - 8% 17% 340 555 291 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 Q3 FY23 Q3
Slide 40: BALIC: Individual Rated New Business
BALIC : Individual Rated New Business All Figures in Rs Crore Whole Company Agency FY23 growth of 43% FY23 growth of 41% Q3 FY24 growth 2,122 Q3 FY24 growth 5,214 of 24% of 22% 3,686 1,489 Industry beating growth Agency continues to stride ahead with substantial growth 1,553 524 638 1,033 1,255 410
Slide 41: BALIC: Balanced product mix
BALIC : Balanced product mix IRNB Mix Share of Par has increased to 32% in Q3 FY24 39% 31% 33% 39% Individual - Unit Linked 41% 3% 4% Individual - Non Par Protection 3% 4% 6% Individual - Non Par Savings 27% 42% 38% 20% 29% 5% Individual - Annuity 2% 11% 7% Individual - Par 7% 32% 23% 20% 17% 19% FY
Slide 42: BALIC: Diversified Distribution Mix
BALIC : Diversified Distribution Mix Agency Institutional Business Landscape Continued Focus on profitability and driving higher traditional Mix Building sustainable business through strong integration with distributor partners One of the largest agency Channels in private Life insurance space 1
Slide 43: BALIC: Persistency
BALIC : Persistency Persistency 13th Month Persistency 37th Month Persistency 61st Month 83% 67% 66% 50% 50% 82% 64% 48% 80% 78% 60% 45% FY22 FY23 Q3 FY23 Q3 FY24 FY22 FY23 Q3 FY23 Q3 FY24 FY22 FY23 Q3 FY23 Q3 FY24 Persistency 13th Month Persistency 37th Month Persistency 61st Month 83% 83% 67% 51%
Slide 44: BALIC: New Business Value & New Business Margins
BALIC : New Business Value & New Business Margins All Figures in Rs. Crore Rolling 12M Rolling 12M Q3 FY24 Q3 FY23 Change(%) Change(%) FY241 FY232 Annualized Premium (ANP)* 1,727 1,419 22% 6,854 5,468 25% Net New Business Value (NBV)** 251 210 19% 996 843 18% Net New Business Margin (NBM)++ on 14.5%
Slide 45: Performance of Key Digital Assets and New Tech Initiatives – Q3 FY24
Performance of Key Digital Assets and New Tech Initiatives – Q3 FY24 Internal Assets 13% increase in WhatsApp chatbot 19L sessions since 4L sessions since total logins in YTD for Empl. Servicing launch in Feb’23 launch in Feb’23 Dec FY24 over PY 18k Unique Users Instab Customer EEZE HR WhatsApp 360
Slide 46: BALIC: Assets Under Management (AUM) & Net Worth
BALIC : Assets Under Management (AUM) & Net Worth AUM (Mix) • AUM as of 31 Dec 2023 grew by AUM crossed 1 lakh mark during 17% as against 8% as of 31 the quarter December 2022 104,737 85,623 90,584 89,466 • Of the UL Funds (inc Unclaimed Rs Crore 56,802 62,617 52,196 55,002 Fund) of Rs. 42,120 crore
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: 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 51,342 8,560 8,834 9,000 50,000 43,822 41,459 8,000 40,754 40,920 35,759 7,000 6,229 40,000 6,000 4,978 5,201 5,219 30,000 5,000 4,000 20,000 3,000 2,000 10,000 1,000
Slide 51: Bajaj Finserv Direct Ltd. – Financial Snapshot
Bajaj Finserv Direct Ltd. – Financial Snapshot All Figures in Rs. Crore Q3 FY24 Q3 FY23 FY23 Total Income 116 104 391 PAT (23) (11) (52) Capital infused (as on 31 Dec 2023) 807 Net Worth (as on 31 Dec 2023) 546 Total Revenue Total Opex 160 143 139 140 130 115 117 120 104 107 93 126 100 113 116 116 7
Slide 52: 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 53: Bajaj Finserv Health Limited
Bajaj Finserv Health Limited 52
Slide 54: 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 55: 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 OPD General/Health Cohort Insurers* Formation Hospitals Dental Life Insurers* Customized Fitness & Product Consume
Slide 56: Bajaj Finserv Health – Propositions To Payers
Bajaj Finserv Health – Propositions To Payers No. of Payers Propositions Product Construct partners • Structured OPD benefits 360° Benefits To Corporates • IPD benefits through TPA* 182 Employees • Integrated Manage care solutions* Service provider for OP/OPD General/ Health Solution for wellness be
Slide 57: Bajaj Finserv Health – Overall Metrics & Services
Bajaj Finserv Health – Overall Metrics & Services INCOME & OPEX (Lakhs) 263 % 98 % Growth Over Q3 FY23 19,313 20,138 17,102 16,382 15,455 13,169 10,173 10,879 6,836 4,508 Q3 FY22-23 Q4 FY22-23 Q1 FY23-24 Q2 FY23-24 Q3 FY23-24 Total Income (in Lakhs) Total Opex (in Lakhs) Health Services Wellness Ser
Slide 58: Bajaj Finserv Health – Business Metrics
Bajaj Finserv Health – Business Metrics REGISTERED USERS (CUMULATIVE) MONTHLY ACTIVE USERS 1,31,78,380 1,40,00,000 4,00,000 3,45,200 1,13,21,051 3,50,000 3,09,632 1,20,00,000 3,03,100 2,89,766 94,64,233 3,00,000 2,59,648 1,00,00,000 81,62,955 73,39,823 2,50,000 80,00,000 2,00,000 60,00,000 1,50,000
Slide 59: Bajaj Finserv Health – Network Metrics
Bajaj Finserv Health – Network Metrics DOCTOR NETWORK DENTAL NETWORK 7,92,540 9,00,000 95,000 3,00,000 2,53,243 2,65,927 25,000 8,00,000 6,58,799 6,19,813 6,84,653 2,50,000 2,18,689 2,10,681 7,00,000 5,99,660 90,000 6,00,000 2,00,000 1,78,509 23,000 85,663 5,00,000 83,848 84,443 21,539 21,661 83,254
Slide 60: Acquisition of Vidal Health Care
Acquisition of Vidal Health Care 59
Slide 61: Transaction Overview
Transaction Overview • The board of Bajaj Finserv Health (EBH) Ltd has approved the acquisition of Highlights of the Transaction Vidal Health Care Services (VHC) • VHC and its subsidiaries will become wholly owned subsidiaries of EBH. VHC is one of the top health services management Companies and am
Slide 62: Strategic Rationale – Augmentation of Business Model
Strategic Rationale- Augmentation of Business Model combining eBH’s OPD network with Vidal’s IPD network SUPERIOR CONSUMER PLATFORM & EXPERIENCE PRODUCT CONSUMER STACK PAYER STACK PROVIDER STACK Health App Corporates Doctors Health Insights OPD General/ Health Insurers* Diagnostics Cohort Formation
Slide 63: Synergy Benefits
Synergy Benefits Stacks VHC Highlights Synergies Provides IPD insurance claims processing • Opens up OPD+ Wellness+ IPD+ Payer Stack services, one of the largest healthcare Integrated care offering to retail and spend categories corporate consumers Corporates- Services some of the largest corporates
Slide 64: Bajaj Finserv Asset Management Company
Bajaj Finserv Asset Management Company 63
Slide 65: 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 66: Key Highlights – Emerging Businesses
Key Highlights – Emerging Businesses All Figures in ₹ Crore Bajaj AMC Q3 FY24 Q3 FY23 FY23 FY22 Total Income 5.04 0.97 3.36 0.27* PAT (44.11) (6.95) - - Capital infused (as at 31 Dec 2023) 300 (Infused during the quarter) (100) Net Worth (as at 31 Dec 2023) 119.84 List of Mutual Funds launched by AM
Slide 67: 9M Performance
9M Performance
Slide 68: Bajaj Finserv performance – 9M FY24 Highlights
Bajaj Finserv performance – 9M FY24 Highlights All Figures in ₹ Crore Performance Highlights of 9M FY24 over 9M FY23 (Ind AS) CY 78,348 11,511 57,307 6,524 34% 30% 20% 25% PY 58,447 8,874 44,551 5,213 Total Revenue PAT* Net Worth Net Worth (Consolidated) (Consolidated) (Consolidated) (Standalone) •
Slide 69: BFL Consolidated Results – 9M FY24 Highlights
BFL Consolidated Results – 9M FY24 Highlights All Figures in ₹ Crore Performance Highlights of 9M FY24 over 9M FY23 (Ind AS) CY 3,06,389 8.04 Crore 26,541 10,627 36% 22% 26% 27% PY 2,25,399 6.61 Crore 21,081 8,350 Book Size Customer Total Income Profit After Tax Franchise CY 3.9% 16.7% Capital Ade
Slide 70: BAGIC: 9M FY24 Highlights
BAGIC : 9M FY24 Highlights All Figures in Rs Crore Performance Highlights of 9M FY24 over 9M FY23 CY 15,668 11,288 6,545 99.3% 34% 23% 9% 2.2% (abs) 11,721 9,194 6,029 101.5% PY Gross Written GWP Excl. Crop & Net Earned Premium Combined ratio (COR) Premium (GWP) Govt. Health 1,171 11.7% ROE2 excludi
Slide 71: BALIC – 9M FY24 Highlights
BALIC – 9M FY24 Highlights All Figures in Rs. Crore Performance Highlights of 9M FY24 over 9M FY23 CY 3,996 171 1,641 7,319 24% 64% -3% 31% PY 3,222 104 1,696 5,587 Individual Rated NB Retail Protection IRNB Group Protection NB Renewal Premium CY 14,860 13,347 457 581 14% 23% 26% 9% PY 13,028 10,880
Slide 72: Additional Information – BAGIC
Additional Information – BAGIC
Slide 73: BAGIC: Investment Performance
BAGIC : Investment Performance All Figures in Rs Crore Total Funds# Investment Leverage Investment Portfolio mix 3.08 2.79 2.84 2.72 2.74 for 9M FY24: Corporate 29,886 bonds 26.3%, G-Sec 24,401 26,619 25,100 59.1%, Equity* 13.2%, 23,016 Money Market 1.3% and Fixed deposit 0.1% Unrealized gain of
Slide 74: BAGIC: LOB wise Net Loss ratio
BAGIC : LOB wise Net Loss ratio Net Loss Ratio Line of Business Q3 FY24 Q3 FY23 9M FY24 9M FY23 Fire 74.2% 26.2% 62.9% 35.0% Marine Cargo 49.7% 54.7% 52.0% 77.8% Motor OD 62.1% 67.6% 65.6% 72.9% Motor TP 72.0% 76.6% 79.5% 82.2% Motor Total 67.6% 72.9% 73.4% 78.4% Engineering 85.8% 55.1% 65.6% 45.4%
Slide 75: BAGIC: Growth by Lines of Business (LOB)
BAGIC : Growth by Lines of Business (LOB) (Major LOBs) GDPI Growth Line of Business Q3 FY24 BAGIC Q3 FY24 Industry 9M FY24 BAGIC 9M FY24 Industry Growth Growth Growth Growth Commercial Lines** 18.7% 11.0% 16.7% 7.3% Motor OD 9.4% 15.2% 21.1% 18.5% Motor TP 1.5% 6.6% 8.1% 11.4% Motor Total 5.0% 10.0%
Slide 76: Additional Information – BALIC
Additional Information – BALIC
Slide 77: BALIC: Investment Performance (Shareholder Fund)
BALIC : Investment Performance (Shareholder Fund) All Figures in Rs Crore AUM ~ Asset mix as on 31 10,990 December 2023: Corporate 10,789 Bonds 23.1%, G-Sec 48.0%, 10,678 Equity 18.6%, FD & other 10,468 assets 10.3% (on Market 10,229 value basis) Capital gains booked in 9M FY24 were Rs. 155 cr F
Slide 78: BALIC: Regular Premium Ticket Size
BALIC : Regular Premium Ticket Size All Figures in Rs. Whole Company Non Par Savings FY23 Q3 FY24 FY23 Q3 FY24 increase of 10% increase of 7% increase of 65% decrease of 13% 85,099 80,117 85,032 82,739 88,116 77,648 70,010 57,782 51,650 36,579 FY21 FY22 FY23 Q3 FY23 Q3 FY24 FY21 FY22 FY23 Q3 FY23 Q3
Slide 79: Thank You
FINSERV BAJAJ Thank You
Slide 80: 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