It reported 17 percent year-on-year (Y-o-Y) growth in Gross Written Premium (GWP) and 115 bps improvement in the Combined Ratio (COR) in FY24, and improved COR guidance with COR going from 104.5 percent in FY23 to 103.3 percent in FY24, 102.4 percent in FY25 and 102.0 percent in FY26.
The solvency ratio stood at 2.62x as of March 2024.
Investment yields could be around 8.1 percent in FY25 rising to 8.5 percent in FY26.
Investment portfolio mix for FY24 constituted 41.3 percent of corporate bonds, 42 percent of government securities, and 11.4 percent in equity. As of March 2024, unrealised gain was ₹1,217 crore. The management guided for COR at 101.5 percent by FY25 end.
Key positive growth drivers could include regulatory reforms (de-notification of all tariffs except Motor TP, Bima Sugam, Rural, Social Sector, and Motor Third Party Obligations Regulations).
Bu hikaye Business Standard dergisinin April 19, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin April 19, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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