Questions across 4 calls

Shobhit Sharma

HDFC Securities

General Insurance Corporation of India

General Insurance Corporation of India CC-Jun26.pdf · 2026-06-01

I have 2, 3 questions. So firstly, on the motor business segment, if I look at for this year, we have grown tremendously. It has grown almost at double the rate at which overall GIC Re has grown double the premiums. But if I look at the profitability that has not been that great. I remember you had mentioned that we have entered into new treaties on the motor side with the insurance companies. But if you can give us some color around the profitability, why the profitability is not that good? Because usually, if you look at the direct side, the way these insurance companies report the loss ratios and the overall profitability seems to be slightly better. So your thoughts around that. Secondly, on the fire segment, if I look at for Q4, it has, I think, declined by around 20 - odd percentage. So if you can comment upon what is driving that decline in the quarter 4? I believe this should be primarily more from the international business side because the rate decline or the rate reductions are primarily happening on the 1st April renewals in the domestic businesses? And sir, lastly, on the health business, if I look at, we have been recalibrating our portfolio on the health business side, and that has yielded meaningful results. So how should we think about this portfolio going forward, both in terms of the growth and combined ratio perspective? Yes.

If I can have a follow-up. On the motor side, if I look at the overall combined ratio, it seems to have gone up by 900 basis points. So are we compromising on profitability, which is leading to -- is taking a toll on our bottom line?

General Insurance Corporation of India CC-Jun25.pdf · 2025-08-08

Sorry, I joined a bit late. So sir, my first question is on the growth in the Motor segment. So on the direct side, if you look at industry hasn't grown that much, some of the PSU players have been very aggressive on that side. So was this a one-off quarter for you in the Motor side? And secondly, how has been our experience in the revision in the pricing primarily on the property segment wherein we have seen last year there was a steep decline in the rate. And I have another follow-up question on the LOB-wise loss ratio, specifically on the Motor, Health and Fire segment, if you can break that into. Another thing which I wanted to ask you is for the quarter, our net commission ratio has reduced considerably. So have you rationalized the commission rates we have offered to the insurers? Can you help us understand what has led to that? And lastly, on one small thing, data keeping. On the capital gain, you mentioned for this quarter, you have booked INR1,074 -- INR1,174 crores. Can you give us same number for last year same quarter? And what was the total capital gain realized in FY '25?

Sir, can you help us under stand the LOB -wise loss ratios because there is a significant improvement in the loss ratio despite the 2 large losses, which we have accounted for this quarter. So was this driven by the Motor health or Fire segment?

Bajaj Finserv Limited

Bajaj Finserv Limited CC-Jun25.pdf · 2025-07-25

Hi, thanks for the opportunity. I have a few questions on BAGIC, then I will move to BALIC. So firstly, on BAGIC side. Sir, in the combined ratio, if you can help us understand what has led to a significant increase in the net commission and the expense ratio? Secondly, coming to the motor TP side, there is a significant reduction in the loss ratio. So, can you help us understand what has led to this lower loss ratio? Was there any one-off this quarter? And how should we think on a full year basis for this? And on the crop side, do we expect loss ratio to revert to our historical levels? These are my questions on BAGIC, then I will ask on BALIC.

Sir, any colour around your motor book, if you can give the mix of the book, whether it is heavy on commercial vehicles, private car, which would be grateful.

ICICI Prudential Life Insurance Company Limited

ICICI Prudential Life Insurance Company Limited CC-Mar25.pdf · 2025-07-15

Yes. Hi sir, thanks for the opportunity. Sir, my first question is on the regrouping, which has happened on the new business side for the Q1 -FY2025. So, can you help us understand what has led to that revision? Because I can see overall new business revised downward by 5%. There is a downward revision in the single premium by 12-odd percentage, and the first year premium has been revised upward by 7%. So, that's my first question. Secondly, on the rider protection side. So, you mentioned that premium is currently classified in the respective product category. So, can you help us understand what would be the retail protection number if, instead of that 7.5%, which you reported, what would be that number if that rider protection would have been classified in that segment? And lastly, on the growth side, on the 12-month rolling basis, your IRNB growth has been very suboptimal. It has been 3 -odd percentage versus the private life insurance growth of 11%. So, how should we think about it going forward?

Dhiren, just a follow -up on this. So, can you help us understand how much is the attachment ratio of these riders.