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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)
2020-2021 28548 3025 26966 1605 90189 17786
2019-2020 26813 2901.9 24487.1 1417.8 74609.3 15726
2018-2019 23910 2697.8 22120.9 579.79 79508 15762
2017-2018 22719 3202.9 20956.4 2200.9 76626.8 15412
2016-2017 19115 3164 18590.9 1007.9 69172.8 11023
2015-2016 15150 3221.9 15911.9 828.69 62880.1 9821.9
2014-2015 13209 2840.6 13938.8 1431.2 61719.6 9722
2013-2014 11540 2763.8 12078.6 1089 53010.9 8621.3
2012-2013 10038 2466.6 10274.7 843.66 45375.5 7737.4
2011-2012 8542.9 1531 8771.21 179.31 42162.7 7057.6
2010-2011 7097.1 1128.4 7192.23 -421.6 39621.3 6890.5
2009-2010 6042.5 1056.6 6002.66 404.69 36832.9 7430.2
2008-2009 5508.8 946.96 5500.31 224.16 26931.6 7328
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