Combined ratio stood at 103.2% for H1 FY2025 compared to 103.8% for H1 FY2024
FinTech BizNews Service
Mumbai, 18 October, 2024: Gross Direct Premium Income (GDPI) of the Company stood
at Rs 144.09 billion in H1 FY2025 compared to Rs 124.72 billion in H1 FY2024, a growth
of 15.5%, which was higher than the industry growth of 7.0%. Excluding crop and mass health,
GDPI growth of the Company was at 15.0%, which was higher than the industry growth of 10.9% in
H1 FY2025.
o GDPI of the Company was at Rs 67.21 billion in Q2 FY2025 as against Rs 60.86
billion in Q2 FY2024, growth of 10.4%. This growth was higher than industry
growth of 2.0%. Excluding crop and mass health, GDPI growth of the Company
was at 9.4%, which was higher than the industry growth of 6.9% in Q2 FY2025.
Combined ratio stood at 103.2% for H1 FY2025 compared to 103.8% for H1 FY2024.
Excluding the impact of CAT losses of Rs 0.94 billion in H1 FY2025 and Rs 0.83 billion in
H1 FY2024, the combined ratio was 102.2% and 102.7% respectively.
o Combined ratio stood at 104.5% in Q2 FY2025 as against 103.9% in Q2 FY2024.
Excluding the impact of CAT losses of Rs 0.94 billion in Q2 FY2025 and Rs 0.48
billion in Q2 FY2024, the combined ratio was 102.6% and 102.8% respectively.
Profit before tax (PBT) grew by 31.9% to Rs 16.93 billion in H1 FY2025 as against Rs 12.84
billion in H1 FY2024 whereas PBT grew by 20.3% to Rs 9.19 billion in Q2 FY2025 as
against Rs 7.64 billion in Q2 FY2024.
o Capital gains were at Rs 5.21 billion in H1 FY2025 as against Rs 2.87 billion in H1
FY2024. Capital gains were at Rs 2.37 billion in Q2 FY2025 as against Rs 1.65
billion in Q2 FY2024.
Consequently, Profit after tax (PAT) grew by 31.7% to Rs 12.74 billion in H1 FY2025 as
against Rs 9.68 billion in H1 FY2024. PAT grew by 20.2% to Rs 6.94 billion in Q2 FY2025
from Rs 5.77 billion in Q2 FY2024.
Return on Average Equity (ROAE) was 20.3% in H1 FY2025 compared to 18.0% in H1
FY2024 while ROAE was 21.8% in Q2 FY2025 compared to 21.1% in Q2 FY2024.
