Financial Capital

Maintaining leadership.
Multiplying value.

In addition to being a leader, we are one of the most profitable private life insurers in India. We are constantly looking to improve operational efficiencies as well as financial robustness at the Company. During the year, we continued to take long strides towards our financial goals. Our NBP growth of 26% was ahead of the private life insurance industry (22%) as well as the overall life insurance industry (11%). As we continue to strengthen our financial and leadership position, we are confident of multiplying value in the future.

Our Goals

  • Consistent and sustainable business growth
  • Ramp up share of high-margin protection business and maintaining balanced product mix
  • High level of operating efficiencies - maintaining cost ratios & improving persistency
  • Digital Adoption for superior customer experience, distributor development and employee engagement
  • Maintain a consistent dividend policy
  • Deliver higher value to stakeholders
  • Effective risk management

`134.73 billion

Cash flow generated
from operations

21%

Growth in Assets under
Management (over FY 18)

Achievements of the year

SCALE AND GROWTH

26%

`137.92billion

New Business
Premium (NBP)

14%

`97.02billion

New business APE

30%

`329.89billion

Gross Written
Premium

15%

`89.55billion

Individual rated
premium

33%

`191.97billion

Renewal premium

PROFITABILITY AND RETURNS

15%

`13.27billion

Profit after tax
 

24%

`17.19billion

Value of new business

from 2.06
in FY 18

2.13billion

Solvency

17%

`224.02billion

Indian embedded value
 

from 16.2%
in FY 18

`17.70%billion

New business margin

* All growth/drop numbers are with respect to FY 19 over FY 18