Table 15Net Underwriting Experience - 2010-11 to 2020-21 (Overall Figures)

Year 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21
Net Written Premium 47,852.19 55,890.16 64,863.56 71,300.23 81,450.16 94,177.57 1,07,410.75 1,20,386.40 1,30,187.03 147,038.00
Net Earned Premium 42,641.17 51,226.17 60,009.74 67,428.11 75,877.60 88,724.95 1,00,452.71 1,13,333.77 1,26,179.00 137,619.58
Net Incurred Claims 37,738.90 42,549.95 49,163.80 55,231.87 64,495.03 80,662.18 85,650.15 1,01,051.02 1,08,390.26 111,549.09
Net Incurred Claims as % to NEP 88.50% 83.06% 81.93% 81.91% 85.00% 90.91% 85.26% 89.16% 85.90% 81.06%
Net Commission 1,772.19 1,708.13 2,578.11 2,663.81 2,973.01 1,380.24 3,966.62 5,694.77 5,673.96 7,209.32
Net Commission as % to NWP 3.70% 3.06% 3.97% 3.74% 3.65% 1.47% 3.69% 4.73% 4.36% 4.90%
Expenses of Management 12,119.25 14,602.72 15,920.90 20,195.94 23,231.73 25,079.43 25,719.18 28,624.09 42,045.45 44,133.78
EOM as % to NEP 28.42% 28.51% 26.53% 29.95% 30.62% 28.27% 25.60% 25.26% 33.32% 32.07%
Underwriting Surplus/(Deficit) (8,989.17) (7,634.62) (7,653.07) (10,663.51) (14,822.17) (18,396.91) (14,883.25) (22,036.11) (29,930.67)  (25,272.61)
Underwriting Surplus/(Deficit) as % to NEP -21.08% -14.90% -12.75% -15.81% -19.53% -20.73% -14.82% -19.44% -23.72% -18.36%

(₹ in Crores)

Source: IRDAI reports and Council Compilation