Gross Direct Premium Income (GDPI) of the Company stood at Rs 4034 crore in Q3FY2021 compared to Rs 3693 crore in Q3FY2020, a growth of 9.0%. This was higher than the industry growth for Q3FY2021 of 4.9%.

Combined ratio stood at 97.9% in Q3FY2021 compared to 98.9% in Q3FY2020.

Capital gains were at Rs 108 billion in Q3FY2021 compared to Rs 17 billion in Q3FY2020.

Investment assets increased 20% to Rs 29892 crore end December 2020, as compared to Rs 24845 crore end December 2019. Investment leverage (net of borrowings) was 4.05x end December 2020 as compared to 4.16x end December 2019. Investment income increased to Rs 581.8 crore in Q3FY2021 as compared to Rs 437.0 crore in Q3FY2020.

1. ROAE was 17.6% in Q3FY2021 compared to 20.3% in Q3FY2020. This includes upfront expensing of acquisition cost relative to the growth of 9.2% in GDPI for Q3FY2021, whereas the full benefit of earned premium will be realized over the policy period.
2. Solvency ratio was 2.76x at December 2020 as against 2.74x end September 2020 and higher than the minimum regulatory requirement of 1.50x. Solvency ratio was 2.17x at March 2020.

Book value of the company stood at Rs 159.9 per share end December 2020. Book value including fair value change account (shareholders funds) stood at Rs 163.1 per share end December 2020.

1. Gross Direct Premium Income (GDPI) of the Company increased to Rs 10525 billion in 9MFY2021 compared to Rs 10132 billion in 9MFY2020, a growth of 4%. This was in line with the industry growth. Combined ratio improved to 99.1% in 9MFY2021 compared to 100.5% in 9MFY2020.
2. Profit before tax (PBT) grew by 13% to Rs 1504 billion in 9MFY2021 from Rs 1326 billion in 9MFY2020, whereas PBT grew by 7% to Rs 418 billion in Q3FY2021 compared to Rs 390 billion in Q3FY2020.
3. Capital gains were at Rs 292 billion in 9MFY2021 compared to Rs 224 billion in 9MFY2020.
4. This includes upfront expensing of acquisition cost relative to the growth of 9.2% in GDPI for Q3FY2021, whereas the full benefit of earned premium will be realized over the policy period.

1. The net profit increased 24% to Rs 1127 billion in 9MFY2021 compared to Rs 912 billion in 9MFY2020.
2. Return on Average Equity (ROAE) was 22.4% in 9MFY2021 compared to 21.8% in 9MFY2020.