Bajaj Finserv Limited
15,887words
3turns
0analyst exchanges
0executives
Key numbers — 40 extracted
51.39%
74%
80.10%
100%
54.73%
19.9%
88.70%
26%
6.1%
6
MT
₹100
₹ 2,61,950
Guidance — 11 items
Note
opening
“The acquisition will be undertaken in one or more tranches within various agreed timelines, ending by 16 October 2026 for the entire 26% equity stake, of which the Initial First Tranche shall be for a minimum of 6.1% stake.”
Behaviours
opening
“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.”
Behaviours
opening
“▪ 19.7 MM farmer applications insured in FY25 ▪ Received crop insurance enrollments from 18,727 CSC centers in FY25 ▪ 32,200+ active CSC centers in FY25 ▪ 25+ Partnerships across Insuretech companies, aggregators, wallets such as Phone Pe, payments banks, etc.”
Competitive Edge
opening
“of Top 4 peers* BALIC 9% 8% FY25 12.3% 12.9% FY 21 Continuous improvement, inching towards industry best Higher growth in VNB vs Peers 44 * Opex + Commission expense .”
Competitive Edge
opening
“CAGR is calculated for period FY20 to FY25 Note : Numbers used in the above table are compliant with International Financial Reporting Standards; Consol.”
Competitive Edge
opening
“CAGR is calculated for period FY20 to FY25 Note : Numbers used in the above table are compliant with International Financial Reporting Standards; Consol.”
Competitive Edge
opening
“88 ESG - Key initiatives ESG is not just the right thing to do, it is what will shape a better tomorrow for all Governance Responsible Investment Insurance portfolios exceeded the 80% target for responsible investments: BAGIC at 92%, BALIC at 87%.”
Competitive Edge
opening
“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.”
Competitive Edge
opening
“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.”
Competitive Edge
opening
“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.”
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Risks & concerns — 9 flagged
& mitigation actions planned ▪ Drive risk related projects across the group such as ORM, Cyber security Collaboration and Best Practice ▪ Group Knowledge Forums – Analytics, Technology, Investments, Governance, etc.
— Note
▪ Tactical plays from time to time – focus on select segments of motor (new 4W & 2W, PCV, etc.) & segments of health (GMC post pandemic); selective focus on retail health (given bottom line stress) & crop (given current economics) 20 Industry : Pvt.
— Behaviours
All others are for the period 25 BAGIC – Superior Risk Management Asset Quality 95.8% in BSE100 stocks ▪ Robust ALM position ▪ 96.3% of the debt portfolio in AAA and sovereign assets and 87.9% of Equity in Nifty 50 stocks & Pricing & Underwriting ▪ Superior underwriting capability leading to consistently low Combined Ratio consistently ▪ Diversified exposure across business lines & geographies ▪ Granular loss ratio modelling – geography, distribution, car make/model, vintage, etc.
— Behaviours
Caters to shareholders most efficiently by: Operating with the best risk return equation in the industry Customer–in Offers choice from 55+ lenders.
— Competitive Edge
Caters to large consumers pyramid of India by: Best-matching risk return equations of mfg.
— Competitive Edge
▪ High Credit Quality investments in Fixed Income schemes to ensure ▪ safety and mitigate risk.
— Competitive Edge
71 BFL – Key Strategic Differentiators STRATEGY Diversified financial services strategy seeking to optimize risk and profit, to deliver a sustainable business model and deliver a sustainable ROA of 4.6%-4.8% and ROE of 21%-23% in the long term.
— Competitive Edge
77 BHFL – Key Strategic Differentiators STRATEGY Focus on building a low-risk balance sheet with medium ROE.
— Competitive Edge
Financial Inclusion Enable access to relevant, affordable financial products and services that serve broader societal needs Preserving & Protecting Environment Adopt environmental practices that minimize or eliminate the negative impact of our operations.
— Competitive Edge
Speaking time
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Opening remarks
Note
1. The insurance subsidiaries follow Ind-AS only for the purpose of consolidation with BFS and hence where standalone details given they are on statutory GAAP basis 2. All numbers updated up to FY2025 except the Section on “PERFORMANCE SUMMARY FOR Q1 FY2026” 1 INDEX 01. 02. 03. 04. 05. 06. 07. 08. 09. BAJAJ FINSERV LIMITED – Group Structure and Strategy BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LIMITED (BAGIC) BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED (BALIC) EMERGING BUSINESSES a. b. c. BAJAJ FINSERV HEALTH LIMITED BAJAJ FINSERV DIRECT LIMITED (Marketplace and Tech) BAJAJ FINSERV ASSET MANAGEMENT LIMITED BAJAJ FINANCE LIMITED BAJAJ HOUSING FINANCE LIMITED PERFORMANCE SUMMARY FOR Q1 FY2026 ENVIRONMENTAL, SOCIAL AND GOVERNANCE INDIA & BFSI OPPORTUNITY 2 Bajaj Group Structure Bajaj Finserv Limited (Listed) 51.39%1 74%^ 74%^ 80.10%2 100% 100%3 Bajaj Finance Limited (Listed)* Bajaj Allianz General Insurance Company Limited Bajaj Allianz Life Insurance Company Limited Bajaj Finserv Direct
Behaviours
Innovate to Simplify Talent Builder Continuous Transformation Do The Right Thing 9 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 = ₹ 2,61,950 in 2025 • Largest NBFC in India with AUM of ₹ 4,16,661 Crore • One of the most profitable NBFC in India with PAT of ₹ 16,779 Crore • Over 10 Crore customer franchise • Transforming to BFL 3.0, A FIN AI company • 3rd largest P&C and Health insurer • Profitable since first full year • Among the most profitable insurers – 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 • Pr
Competitive Edge
• Strengthening PAR portfolio • ULIP growth aligned with Bullish market trend • BALIC has evolved its product mix to multi product insurer • Enhanced focus on Non-par protection with 9% mix in Q1 FY2026 • Balancing Risk and Returns through innovative products like ACE (Industry first) and GOAL ASSURE- with ACE achieving ₹ 1,357 Crore RWRP in first year of launch • Meeting diverse customer needs by serving through industry first products - GUARANTEED PENSION GOAL ,POS GOAL SURAKSHA , Diabetic Term Plan. • Use of Data Analytics focused on Segments and Demand Forecasting with an aspiration to provide customers “Best in Class” features Top 4 peers : SBI Life, HDFC Life, ICICI Pru and Axis Max Data is based on APE from public disclosure , in few cases where not available IRNB has been used as proxy 37 BALIC – Continuous focus on increasing protection to drive growth and profitability All Figures in ₹ Crore Retail Protection (NBP) • Analytics based risk models, 4 Yr CAGR – 28% 147 116 168 39
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