Bajaj Finserv Limited

13%

(Consolidated) 35,451 31,480 2,789 8,996 2,138 7,290 75,250 63,324 2,604 471 2,610 397 13% 30% 23% 19% 0% 19% FY2025 133,822 8,872 8,372 72,395 2,140 457 * PAT includes unrealiz

30%

olidated) 35,451 31,480 2,789 8,996 2,138 7,290 75,250 63,324 2,604 471 2,610 397 13% 30% 23% 19% 0% 19% FY2025 133,822 8,872 8,372 72,395 2,140 457 * PAT includes unrealized ma

23%

ted) 35,451 31,480 2,789 8,996 2,138 7,290 75,250 63,324 2,604 471 2,610 397 13% 30% 23% 19% 0% 19% FY2025 133,822 8,872 8,372 72,395 2,140 457 * PAT includes unrealized mark-to

19%

35,451 31,480 2,789 8,996 2,138 7,290 75,250 63,324 2,604 471 2,610 397 13% 30% 23% 19% 0% 19% FY2025 133,822 8,872 8,372 72,395 2,140 457 * PAT includes unrealized mark-to-mark

0%

51 31,480 2,789 8,996 2,138 7,290 75,250 63,324 2,604 471 2,610 397 13% 30% 23% 19% 0% 19% FY2025 133,822 8,872 8,372 72,395 2,140 457 * PAT includes unrealized mark-to-market (

₹ 28 Crore

M) Gain on equity investments measured at fair value through profit and loss of BALIC and BAGIC of ₹ 28 Crore and ₹ 82 Crore respectively, for Q1 FY2026 as compared to MTM gain of ₹ 78 Crore and ₹ 5 Crore resp

₹ 82 Crore

ty investments measured at fair value through profit and loss of BALIC and BAGIC of ₹ 28 Crore and ₹ 82 Crore respectively, for Q1 FY2026 as compared to MTM gain of ₹ 78 Crore and ₹ 5 Crore respectively for Q1

₹ 78 Crore

ALIC and BAGIC of ₹ 28 Crore and ₹ 82 Crore respectively, for Q1 FY2026 as compared to MTM gain of ₹ 78 Crore and ₹ 5 Crore respectively for Q1 FY2025. Also realized equity gain routed through OCI stands at ₹

₹ 5 Crore

of ₹ 28 Crore and ₹ 82 Crore respectively, for Q1 FY2026 as compared to MTM gain of ₹ 78 Crore and ₹ 5 Crore respectively for Q1 FY2025. Also realized equity gain routed through OCI stands at ₹ 133 Crore for

₹ 133 Crore

e and ₹ 5 Crore respectively for Q1 FY2025. Also realized equity gain routed through OCI stands at ₹ 133 Crore for BAGIC and ₹ 54 Crore for BALIC for Q1 FY2026 as compared to MTM realized gain of ₹ 70 Crore an

₹ 54 Crore

ly for Q1 FY2025. Also realized equity gain routed through OCI stands at ₹ 133 Crore for BAGIC and ₹ 54 Crore for BALIC for Q1 FY2026 as compared to MTM realized gain of ₹ 70 Crore and 27 Crore in Q1 FY2025 r

₹ 70 Crore

t ₹ 133 Crore for BAGIC and ₹ 54 Crore for BALIC for Q1 FY2026 as compared to MTM realized gain of ₹ 70 Crore and 27 Crore in Q1 FY2025 respectively. Growth in PAT, excluding MTM gain/loss and including realiz

“Schemes Travel Insurance P.A Grand Total FY2024 FY2025 Q1 FY2025 Q1 FY2026 All Figures in ₹ Crore 14% 40% 40% 3% 3% 100% 14% 41% 41% 2% 3% 100% 17% 66% 6% 5% 6% 100% 20% 70% 0% 5% 5% 100% Product Mix – Health and P.A 85.0% 6,943 233 189 2,767 2,764 990 FY24 87.3% 8,043 214 192 3,260 3,260 1,117 FY25 Retail Group Employer-Employee/Others Govt.”

“Schemes 82.3% 82.8% 1,379 83 69 86 913 229 1,309 69 62 6 911 261 Q1 FY25 Travel Insurance P.A.”

“of Business Booking WhatsApp BOING 2.0 + Other Chatbots Various new features & enhancements were done in BOING and other BOTS 4.6 L Unique Users, 47.8 Mn Messages Exchanged Farmitra App* Voice Bot The usage of the app launched for Farmer Community has seen a significant uptake 1.63 MM Downloads AI enabled multilingual voice bot developed for Non-motor & Agri Claim intimation and Motor & health claim intimation & status 2.24 L Claim intimation / status check calls * Numbers are as on Q1 FY26.”

“Note: The components might not add up to total of 100% due to rounding off 45 BALIC – Continuous focus on increasing protection to drive growth and profitability Retail Protection (NBP) Group Protection (NBP) All Figures in ₹ Crore 393 63% 241 53% 2,616 2,315 13% (7%) 72 110 750 700 FY 24 FY25 Q1 FY25 Q1 FY26 FY 24 FY25 Q1 FY25 Q1 FY26 • Retail Protection grew by 53% to ₹ 110 Crore in Q1 FY2026 vs ₹ 72 Crore in Q1 FY2025.”

“For FY25 it stood at ₹ 393 Crore, growth of 63% compared to ₹ 241 Crore in FY2024 • On RWRP basis, retail protection product mix stood at 6% in FY25 vs.”

“1,00,000 trained since inception Over 1.7 lakh youth skilled for income enhancement Over 25 lakh children impacted 32,460 children impacted for healthier living 43,860 children impacted Over 5 lakh individuals impacted CoE for Type 1 Diabetes & Super speciality hospital underway Note: Beneficiary nos are based on the full project period and not just the financial year under consideration.”

“Industry – Outperformance GWP (5 Yr CAGR) 11.0% Industry 9.6% 3rd largest general insurer grown organically; having surpassed 3 PSUs of vintage Combined Ratio (5 Yr.”

“Any opinion, estimate or projection constitutes a judgment as of the date of this presentation, and there can be no assurance that future results or events will be consistent with any such opinion, estimate or projection.”

“No representation, warranty, guarantee or undertaking, express or implied, is or will be made as to, and no reliance should be placed on, the accuracy, completeness, correctness or fairness of the information, estimates, projections and opinions contained in this presentation.”

“By viewing this presentation you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Company.”

Behaviours

1

Notes

1

Behaviours

Innovate to Simplify Talent Builder Continuous Transformation Do The Right Thing 16 What is achieved so far……. BAJAJ FINANCE (NBFC) BAGIC (P&C and Health) BALIC (Life insurance) • One of the largest wealth generator, value of ₹ 100 invested in 2000 = ₹ 261,950 in 2025 • Largest NBFC in India with AUM of ₹ 416,661 • 3rd largest P&C and Health insurer • Profitable since first full year • Among the most profitable insurers – Crore • One of the most profitable NBFC in India with PAT of over ₹ 16,779 Crore • Over 10 Crore customer franchise • Transforming to BFL 3.0, A FIN AI company consistent industry beating COR (abs. 15% delta vs. industry) with superior ROE • Over 3 Crore customer franchise • Pan India geographical presence with broad and deep distribution • Fastest growing Life Insurance company in last 5 years on RWRP • VNB growth faster than RWRP growth: 5-year VNB CAGR of 38% and RWRP CAGR of 30% • Deep and diversified distribution across agency, Bancassurance and proprietary sales

Notes

1. Above numbers are on 1/n basis, Please refer slide no. 27 for further details 2. Return on Equity (ROE) is excluding fair value change. ROE (annualised @200% solvency) estimated to be more than 25% 26 BAGIC – Impact of change in Regulations Q1 FY2026 FY2025 All Figures in ₹ Crore Particulars With 1/n impact Without 1/n impact With 1/n impact Gross Written Premium Gross Written Premium Growth Gross Written Premium (Ex. Crop & Govt. Health) Gross Written Premium Growth (Ex. Crop & Govt. Health) Combined Ratio (COR) 5,202 9% 5,107 10% 103.6% 5,453 15% 5,358 15% 102.5% 21,583 5% 16,256 8% 102.3% Without 1/n impact 22,134 7% 16,807 12% 101.7% • With effect from 1 October 2024 Long-term Products are accounted on 1/n basis (‘n’ being contract duration), as mandated by IRDAI • The said change is a mere accounting change impacting Premium recognition and Combined Ratio and has no bearing on the economic or reported profit • Impact of change in regulation for BAGIC: • Lower GWP for Q1 FY2026