Page 29 - Insurance Times April 2022

Company Gross U/W Investment Investment Profit or Interest investment Profit of loss
Direct Profit Income Assets loss on Dividend assets/ on sale of
Premium sale of and rent Premium Investments /
investments Investment
Income
HDFC Ergo General Ins. Co. Ltd. 9629.59 -334.96 878.23 14359.01 77.19 801.03 1.49 0.09
ICICI Lombard General Ins. Co. Ltd. 13312.84 -104.10 1799.96 26359.36 394.01 1405.96 1.98 0.22
IFFCO Tokio General Ins. Co. Ltd. 7961.04 -383.96 712.54 10047.48 40.55 671.99 1.26 0.06
KOTAK MAHINDRA General Ins. Co. Ltd. 433.39 -73.94 47.30 734.30 7.62 39.68 1.69 0.16
Liberty General Ins. Ltd. 1531.37 -173.07 182.42 2722.10 4.07 178.35 1.78 0.02
Magma HDI General Ins. Co. Ltd. 1224.77 -168.14 200.16 2299.49 57.92 142.24 1.88 0.29
National Ins. Co. Ltd. 15312.88 -4497.96 1950.36 22758.27 595.78 1354.58 1.49 0.31
Navi General Ins. Ltd. 157.99 -63.45 17.92 322.10 1.57 16.34 2.04 0.09
The New India Assurance Co. Ltd. 29715.06 -4104.76 6198.96 62550.50 3001.64 3197.32 2.11 0.48
Oriental Ins. Co. Ltd. 13996.01 -4528.55 3178.75 23795.97 1740.70 1438.05 1.70 0.55
Raheja Q BE General Ins. Co. Ltd. 158.12 -33.75 31.85 482.84 1.68 30.17 3.05 0.05
Reliance General Ins. Co. Ltd. 7465.04 -371.88 927.98 10913.66 156.57 771.41 1.46 0.17
Royal Sundaram General Ins. Co. Ltd. 3666.96 -273.00 419.00 5804.53 36.23 382.77 1.58 0.09
Shriram General Ins. Co. Ltd. 2466.18 197.00 844.00 9543.43 129.34 714.66 3.87 0.15
Star Health and Allied Ins. Co. Ltd. 6865.14 154.93 293.54 4901.39 6.49 287.05 0.71 0.02
Tata AIG General Ins. Co. Ltd. 7384.53 -415.50 888.00 12242.54 78.65 809.35 1.66 0.09
United India Ins. Co. Ltd. 17515.09 -4576.30 3176.93 3665.77 1211.15 1965.78 0.21 0.38
Universal Sompo General Ins. Co. Ltd. 2859.05 7.60 199.47 3103.91 -1.50 200.96 1.09 -0.01
Total 165522.18 -20948.63 24584.51 254328.83 7918.05 16666.46 1.54 0.32
Company Premium U/W Investment Investment Profit or Interest investment Profit of loss
Profit Income Assets loss on Dividend assets/ on sale of
sale of and rent Premium Investments /
investments Investment
Income
GIC Re 51030.13 864.16 7722.48 84379.61 3600.62 4121.86 1.65 0.47

B. Effective and Efficient Investment competitive pressures on the premium rates. With every
rupee lost by insurers from underwriting, every rupee earned
Management Critical for Insurer's by the investment activity becomes important. The
Performance investment income has been the saviour of the Indian
Indian Insurance Industry has long forgotten the term insurers performance for more than three decades.
underwriting profits. For the first time underwriting profits However the consequent serious dent in the solvency could
not be avoided.
at industry level disappeared in the year 1988-89 and except
for one year (1993-94) such profits are nowhere to be seen.
All attempts by the insurers to regain underwriting profits With the growth of Indian economy, the Non-life insurance
have not yielded the desired results. Instead, year after year industry too grew tremendously, though the general
insurers are left with the unpleasant task of finding reasons insurance penetration in the country continues to be low.
for the underwriting losses. The reasons seem to be simple 1044 times increase since 1973. On an average the amount
and obvious, - increasing Third Party Liability losses, and of funds with the insurers is two times their annual premium.
subsequently with the entry of private players, the March 2020 was the period in which Market had crashed.

The Insurance Times, April 2022 29