Profit Before Tax

The Non-Life Insurance Industry has generated an operating profit for 2022-23 amounting to ₹ 8,619 Crores after allocation of investment income pertaining to policyholders and contribution from shareholders to meet EOM obligations amounting to ₹ 9,936 Crores. Investment income has increased consistently over the years. Pure underwriting loss also saw a decrease with respect to last year.

Chart 3.13.1Operating Profits - Non Life Insurance Industry

Source: Council Compilation as per source
data submitted by companies

Profit After Tax

Due to losses incurred in PSU Insurers industry has generated a net loss of ₹ 1,949 Crores in 2022-23 as compared to profit of ₹ 3,869 Crores in 2021-22.

Chart 3.13.2Net Profits - Non Life Insurance Industry

Source: Council Compilation as per source
data submitted by companies