Bajaj Finserv Limited

5.7%

d) 2 Net worth (Standalone) Net worth (Consolidated) Surplus Funds (Standalone) 38,508 36,434 5.7% 150,530 132,944 13.2% 41,534 36,457 13.9% 154,563 134,446 15.0% 2,539 3,032 2,417 5.0%

13.2%

one) Net worth (Consolidated) Surplus Funds (Standalone) 38,508 36,434 5.7% 150,530 132,944 13.2% 41,534 36,457 13.9% 154,563 134,446 15.0% 2,539 3,032 2,417 5.0% 9,801 8,872 10.5% 2,

13.9%

idated) Surplus Funds (Standalone) 38,508 36,434 5.7% 150,530 132,944 13.2% 41,534 36,457 13.9% 154,563 134,446 15.0% 2,539 3,032 2,417 5.0% 9,801 8,872 10.5% 2,442 24.2% 11,211 9,3

15.0%

tandalone) 38,508 36,434 5.7% 150,530 132,944 13.2% 41,534 36,457 13.9% 154,563 134,446 15.0% 2,539 3,032 2,417 5.0% 9,801 8,872 10.5% 2,442 24.2% 11,211 9,315 20.4% 10,181 8,372

5.0%

5.7% 150,530 132,944 13.2% 41,534 36,457 13.9% 154,563 134,446 15.0% 2,539 3,032 2,417 5.0% 9,801 8,872 10.5% 2,442 24.2% 11,211 9,315 20.4% 10,181 8,372 21.6% 10,181 8,372 21.6

10.5%

44 13.2% 41,534 36,457 13.9% 154,563 134,446 15.0% 2,539 3,032 2,417 5.0% 9,801 8,872 10.5% 2,442 24.2% 11,211 9,315 20.4% 10,181 8,372 21.6% 10,181 8,372 21.6% 77,915 72,395 7.

24.2%

534 36,457 13.9% 154,563 134,446 15.0% 2,539 3,032 2,417 5.0% 9,801 8,872 10.5% 2,442 24.2% 11,211 9,315 20.4% 10,181 8,372 21.6% 10,181 8,372 21.6% 77,915 72,395 7.6% 77,915 72

20.4%

4,563 134,446 15.0% 2,539 3,032 2,417 5.0% 9,801 8,872 10.5% 2,442 24.2% 11,211 9,315 20.4% 10,181 8,372 21.6% 10,181 8,372 21.6% 77,915 72,395 7.6% 77,915 72,395 7.6% 2,393 2,1

21.6%

2,539 3,032 2,417 5.0% 9,801 8,872 10.5% 2,442 24.2% 11,211 9,315 20.4% 10,181 8,372 21.6% 10,181 8,372 21.6% 77,915 72,395 7.6% 77,915 72,395 7.6% 2,393 2,140 11.8% 2,393 2,14

7.6%

5% 2,442 24.2% 11,211 9,315 20.4% 10,181 8,372 21.6% 10,181 8,372 21.6% 77,915 72,395 7.6% 77,915 72,395 7.6% 2,393 2,140 11.8% 2,393 2,140 11.8% 1. Bajaj Life and Bajaj General im

11.8%

,181 8,372 21.6% 10,181 8,372 21.6% 77,915 72,395 7.6% 77,915 72,395 7.6% 2,393 2,140 11.8% 2,393 2,140 11.8% 1. Bajaj Life and Bajaj General impacted by MTM losses on investment portfoli

₹ 540 Crore

nue and Growth is gross of such temporary MTM movements 2. Before the Accelerated ECL provision (₹ 540 Crore), impact of New Labour Codes (₹ 167 Crore) in Q3 FY2026 and unrealized mark-to-market (MTM) Gain /

“Before additional ECL provision and presentation change, it increased by 8% to ₹ 2,125 crore from ₹ 1,970 crore in Q4 FY25 • PAT growth of 27% and ROE of 20% before presentation changes, additional ECL provision of ₹ 359 Crore and a tax benefit of ₹ 348 Crore on deductibility of certain expenditures based on favourable orders in Q4 FY2025 and additional ECL provision of ₹ 142 Crore in Q4 FY2026 • FINAI remains central to our long-term vision.”

“Schemes Travel Insurance P.A Grand Total 38% 54% 0% 4% 4% 34% 52% 7% 3% 4% 14% 41% 41% 2% 3% 100% 100% 100% Product Mix (GWP) and Loss Ratio – Health and P.A Q4 FY25 Q4 FY26 FY2025 FY2026 All Figures in ₹ Crore 82.9% 85.9% 916 40 33 0 498 345 Q4FY25 Retail (GWP) 1,180 44 32 85 613 406 Q4 FY26 87.3% 8,043 214 192 3,260 3,260 1,117 FY25 Note: The components might not add up to total of 100% due to rounding off 32 Group Employer-Employee/Others (GWP) Govt.”

“In Q4 FY26, BFL changed presentation of recoveries against written off loans from ‘Other Operating Income’ to ‘Loan Losses and Provisions’ across all periods.”

“In Q4 FY26, BFL changed presentation of recoveries against written off loans from ‘Other Operating Income’ to ‘Loan Losses and Provisions’ across all periods.”

“In Q4 FY26, the Company changed presentation of recoveries against written off loans from ‘Other Operating Income’ to ‘Loan Losses and Provisions’ across all periods.”

“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.”

Notes

2

VIF

2

NAV

2

Behaviours

1

Digital payment transactions

1

Notes

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. Previous year numbers have been regrouped and/or restated wherever necessary 1 INDEX 01. 02. 03. 04. 05. 06. 07. 08. PERFORMANCE SUMMARY FOR THE QUARTER BAJAJ FINSERV LIMITED – GROUP STRUCTURE AND STRATEGY BAJAJ GENERAL INSURANCE LIMITED BAJAJ LIFE INSURANCE LIMITED 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 ANNEXURES a. b. c. MORE ABOUT US – ONE FINSERV STORY ENVIRONMENTAL, SOCIAL AND GOVERNANCE INDIA & BFSI OPPORTUNITY 2 PERFORMANCE SUMMARY Update for the quarter 3 Bajaj Finserv – Performance summary Q4 FY2026 and FY2026 Particulars Q4 FY2026 Q4 FY2025 Growth FY2026 FY2025 Growth For the Quarter For the Period All Figures in ₹ Crore Total Revenue (Consolidated) A

Notes

1. Above numbers are on 1/n basis, Please refer slide no. 105 for further details 2. Return on Equity (ROE) is excluding fair value change. ROE (annualised @200% solvency) for FY2026 is estimated to be at ~18.5% (post buyback) 25 Bajaj General – Growth v/s Industry; sustained market share in most competitive market All Figures in ₹ Crore Q4 FY2026 Growth FY2026 Growth Q4 FY2026 Growth FY2026 Growth GDPI GDPI excl. Crop and Govt. Health 0% 15% 0% 24% 12% Bajaj General Private PSU SAHI Industry Bajaj General Market Share 5.8% 5.2% 74,542 4,304 11,716 39,213 83,175 4,299 14,579 45,075 8% 19% 8% 19% 9% 7.2% 296,554 21,417 38,435 162,898 7.1% 324,383 23,179 45,866 175,936 23,613 23,521 95,221 102,580 8% 18% (2%) 24% 13% 12% 3% 11% 19% 13% 5.5% 5.3% 6.0% 5.9% Bajaj General Private PSU SAHI Industry Bajaj General Market Share 68,834 21,162 11,716 35,956 3,775 77,877 20,774 14,579 42,524 4,089 266,885 86,706 38,436 287,773 95,853 45,866 141,743 146,054 16,090 FY25 SAHI 17,984 FY26 PSU Q4 FY25

NAV

13,557 31 March 2025 Unwinding VNB Operational Variance Assumption changes Investment Variance Equity Buy Back 31 March 2026 ( Before GST & Wage Code) Impact of GST and Wage Code 31 March 2026 48 Bajaj Life – Focus on enhanced business quality backed by enhanced customer segments For the Period ended 31st Mar 2026 Persistency 13th Month 83% 84% 83% 82% Persistency 25th Month 73% 73% 74% 73% FY23 FY24 FY 25 FY 26 FY23 FY24 FY 25 FY 26 Persistency 37th Month 67% 65% 65% 67% Persistency 49th Month Persistency 61st Month 64% 65% 62% 63% 54% 56% 52% 50% FY23 FY24 FY 25 FY 26 FY23 FY24 FY 25 FY 26 FY23 FY24 FY 25 FY 26 Note : Persistency as per IRDAI framework; Individual business excluding single premium and fully paid-up policies. Persistency ratios for the year ended March have been calculated on March of that year for the policies issued in March to Feb period of the relevant years 49 Bajaj Life Contextual Innovation: Data, Tech and AI in everything Business Enablement Login & Underwriti

Behaviours

Innovate to Simplify Talent Builder Continuous Transformation Do The Right Thing 88 What is achieved so far BAJAJ FINANCE (NBFC) BAJAJ GENERAL (P&C and Health) BAJAJ LIFE (Life insurance) • One of the largest wealth generator, value of ₹100 invested in 2000 = ₹ 2,34,715 in 2026 • Largest NBFC in India with AUM of ₹ 372,986 • 3rd largest multi-line insurer • Profitable since first full year • Among the most profitable insurers – Crore • One of the most profitable NBFC in India with PAT of ₹ 19,332 Crore • Over 11 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 5 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 35% and RWRP CAGR of 25% • Deep and diversified distribution across agency, Bancassurance and proprietary sale

Digital payment transactions

BFL(94% Urban,81% Rural); Bajaj General(97%); Bajaj Life (96.8%) Financial Inclusion New to BFL credit customers -30 MM BFL MFI branches – 440+ covering 7 Lakh+ women customers PMJJBY (Bajaj Life) - 0.14 MM lives covered PMFBY (Bajaj General) – 9.05 MM farmers covered PMJAY-MA (Bajaj General) – 49.08 MM lives covered Empowering Society Human Capital Management CSR expenditure – ₹ 416 Crore Number of beneficiaries – 9.35 MM Impact Assessment - 34 projects CPBFI (Flagship Program): Active in 22 states, 159K beneficiaries (58% women), 50K new enrolments in FY2026 Gender Diversity ratio ~14% ISO 45001- 44 Offices (BFS,BFL, BHFL, Bajaj General and Bajaj Life) Women agents ~ 32.9% Total (Bajaj General: 32.8%, Bajaj Life: 33%) Stakeholder Engagement BRSR Assurance Reasonable Assurance for BRSR Core (Mandatory) and Limited Assurance for BRSR non-core disclosures (Voluntary) for all listed companies and material subsidiaries Community grievance redressal mechanism Live on BFS website (Bajaj Fin