image description

Financial Rating

For the sixth consecutive year, the Company has been rated as “A-” (Excellent) by M/s. A.M. Best Europe Ltd. The rating reflects Company’s excellent risk adjusted capitalisation, prospective improvement in underwriting performance and its leading business profile in the direct insurance market in India. A partially off-setting factor is the Company’s reliance on investment income which counter balances underwriting losses. But the outlook is stable. A.M. Best believes the Company’s risk adjusted capitalisation is excellent and anticipates that it will remain sufficient to absorb the likely growth in the net premium. Further it also expects that there will be a reduction in the combined ratio in the years to come. The Company is likely to maintain its leading business position as the largest direct insurer in India, despite increased competition from private players.

 

(Rs. in Crores)
Year Gross Premium
(in India)
Gross Premium
(Outside India)
Net Premium (Global) Net Profit (Global) Total Assets (Global) Net Worth (Global)
2007-2008 5276.91 874.55 4914.28 1401.13 31944.14 6972.80
2006-2007 5017.20 919.58 4751.76 1459.95 27444.57 5972.55
2005-2006 4791.49 884.05 4342.66 716.38 27025.58 4706.87
2004-2005 4210.81 892.35 3895.11 402.23 19827.19 4161.69
2003-2004 4045.68 875.79 3634.94 590.21 17510.44 3735.22
2002-2003 3921.24 891.55 3516.43 255.81 12984.75 3404.00
2001-2002 3512.33 685.73 3068.23 142.00 12273.02 3189.39
2000-2001 3041.17 451.88 2671.48 173.54 8292.00 3067.39
1999-2000 2979.53 327.00 2477.45 287.29 7664.71 2859.86
1998-1999 2729.48 288.16 2186.92 375.00 6727.72 2524.23
1997-1998 2433.73 254.04 1945.00 470.94 6071.67 1462.52