Non-life insurers premium rises by 14% during April 2019-February 2020

State-owned insurers register 9% growth

by Natasha Nadkar

Non-life insurance companies have registered a 14 per cent growth in premium collected during April 2019-February 2020 over the same period in 2018-19, as per a report in Business Standard. While the private sector insurers saw a 17 per cent growth in premium collection, the state-owned non-life insurers registered a nine per cent growth in the same period. For state-owned insurers, segments like fire, crop, credit and aviation have seen a double-digit growth while segments like motor and personal accident have seen degrowth. Segments like fire, motor and health have performed better than other segments for private sector non-life insurers.

References
1. https://www.business-standard.com/article/economy-policy/non-life-insurers-register-14-premium-collection-growth-in-apr-feb-fy20-120032501761_1.html
CMIE STATISTICS
Unemployment Rate
Per cent
10.9 +0.5
Consumer Sentiments Index
Base September-December 2015
84.8 -2.4
Consumer Expectations Index
Base September-December 2015
85.6 -2.4
Current Economic Conditions Index
Base September-December 2015
86.9 -2.5
Quarterly CapEx Aggregates
(Rs.trillion) Jun 19 Sep 19 Dec 19 Mar 20
New projects 1.09 2.05 4.95 2.92
Completed projects 0.88 0.83 1.64 0.77
Stalled projects 0.13 0.41 0.60 0.49
Revived projects 0.29 0.52 0.83 0.41
Implementation stalled projects 0.98 0.85 0.15 1.13
Updated on: 08 Apr 2020 3:28PM
Quarterly Financials of Listed Companies
(% change) Mar 19 Jun 19 Sep 19 Dec 19
All listed Companies
 Income 8.5 4.7 -2.2 -1.7
 Expenses 5.4 2.7 -3.1 -2.2
 Net profit 213.1 17.4 -2.3 -10.3
 PAT margin (%) 3.6 6.2 5.3 5.2
 Count of Cos. 4,437 4,452 4,411 4,356
Non-financial Companies
 Income 8.0 2.4 -6.4 -5.4
 Expenses 7.7 1.7 -6.7 -6.3
 Net profit 1.6 -8.5 -14.9 -13.1
 PAT margin (%) 6.2 6.3 5.8 5.8
 Net fixed assets 5.6 10.4
 Current assets 13.2 4.6
 Current liabilities 7.3 4.8
 Borrowings 12.3 8.4
 Reserves & surplus 7.2 5.9
 Count of Cos. 3,322 3,339 3,314 3,267
Numbers are net of P&E
Updated on: 08 Apr 2020 3:28PM
Annual Financials of All Companies
(% change) FY17 FY18 FY19
All Companies
 Income 6.1 8.1 14.9
 Expenses 6.1 9.5 15.3
 Net profit 26.4 -40.2 20.5
 PAT margin (%) 3.3 2.1 3.2
 Assets 8.6 10.9 9.7
 Net worth 9.6 7.6 8.7
 RONW (%) 5.8 3.5 5.3
 Count of Cos. 27,650 25,093 15,291
Non-financial Companies
 Income 5.8 8.2 15.7
 Expenses 6.0 8.4 16.1
 Net profit 23.2 -9.1 19.5
 PAT margin (%) 2.9 2.8 4.1
 Net fixed assets 9.2 6.9 5.1
 Net worth 8.9 6.1 7.7
 RONW (%) 6.2 5.7 8.2
 Debt / Equity (times) 1.1 1.0 0.8
 Interest cover (times) 2.0 2.2 2.8
 Net working capital cycle (days) 84 76 55
 Count of Cos. 22,609 20,449 11,909
Numbers are net of P&E
Updated on: 05 Apr 2020 5:13PM