{"id":185,"date":"2019-07-23T07:56:55","date_gmt":"2019-07-23T07:56:55","guid":{"rendered":"http:\/\/localhost\/yearbook\/?page_id=185"},"modified":"2024-02-15T13:12:42","modified_gmt":"2024-02-15T13:12:42","slug":"profit-after-tax","status":"publish","type":"page","link":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/indian-non-life-insurance-industry-analysis\/section-03-industry-business-highlights\/profit-after-tax\/","title":{"rendered":"3.13 &#8211; Profits before Tax (after accounting investment income of shareholders)"},"content":{"rendered":"\n<h2>Profit Before Tax<\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>The Non-Life Insurance Industry has generated an operating profit for 2022-23 amounting to \u20b9 8,619 Crores after allocation of investment income pertaining to policyholders and contribution from shareholders to meet EOM obligations amounting to \u20b9 9,936 Crores. Investment income has increased consistently over the years. Pure underwriting loss also saw a decrease with respect to last year.<\/p>\n\n\n<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #f6a192;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 3.13.1<\/span>Operating Profits - Non Life Insurance Industry<\/h3><div id=\"Chart_256\"><\/div><script type=\"text\/javascript\">\n                     jQuery(document).ready(function () {\n                         multiple_column_multiple_line(\"Chart_256\",{\"data\":{\"Investment Income\":{\"2013-14\":10514,\"2014-15\":12429,\"2015-16\":14169,\"2016-17\":16322,\"2017-18\":19986,\"2018-19\":20453,\"2019-20\":23134,\"2020-21\":23303,\"2021-22\":25768,\"2022-23\":31385}},\"dataLine\":{\"Pure underwriting losses\":{\"2013-14\":-7691,\"2014-15\":-10821,\"2015-16\":-15164,\"2016-17\":-21077,\"2017-18\":-16013,\"2018-19\":-24010,\"2019-20\":-23114,\"2020-21\":-19441,\"2021-22\":-28498,\"2022-23\":-33154}},\"Title\":\"Operating Profits - Non Life Insurance Industry\",\"xTitle\":\"Year\",\"yTitle\":\"\\u20b9 In Crores\",\"zTitle\":\"\",\"yAxisData\":{\"2013-14\":\"2013-14\",\"2014-15\":\"2014-15\",\"2015-16\":\"2015-16\",\"2016-17\":\"2016-17\",\"2017-18\":\"2017-18\",\"2018-19\":\"2018-19\",\"2019-20\":\"2019-20\",\"2020-21\":\"2020-21\",\"2021-22\":\"2021-22\",\"2022-23\":\"2022-23\"},\"zAxisData\":{\"2013-14\":0,\"2014-15\":0,\"2015-16\":0,\"2016-17\":0,\"2017-18\":0,\"2018-19\":0,\"2019-20\":0,\"2020-21\":0,\"2021-22\":0,\"2022-23\":0},\"colorLine\":[\"#ad58c9\"],\"colorCodes\":[\"#f5a0fe\"]});\n                     });\n                 <\/script>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"> <em><strong>Source<\/strong>: Council Compilation<\/em> <em>as per source <\/em><br><em>data submitted by companies<\/em><\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p><\/p><cite><br><br><\/cite><\/blockquote>\n\n\n\n<h2>Profit After Tax<\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>Due to losses incurred in PSU Insurers industry has generated a net loss of \u20b9 1,949 Crores in 2022-23 as compared to profit of \u20b9 3,869 Crores in 2021-22.<\/p>\n\n\n<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #f6a192;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 3.13.2<\/span>Net Profits - Non Life Insurance Industry<\/h3><div id=\"Chart_257\"><\/div><script type=\"text\/javascript\">\n                     jQuery(document).ready(function () {\n                         multiple_column_multiple_line_1(\"Chart_257\",{\"data\":{\"Operating Profits\":{\"2013-14\":2823,\"2014-15\":1608,\"2015-16\":-996,\"2016-17\":-4755,\"2017-18\":3973,\"2018-19\":-3557,\"2019-20\":21,\"2020-21\":3862,\"2021-22\":-2808,\"2022-23\":8619}},\"dataLine\":{\"Investment income - Shareholders\":{\"2013-14\":3791,\"2014-15\":4357,\"2015-16\":4954,\"2016-17\":5111,\"2017-18\":5513,\"2018-19\":5835,\"2019-20\":5629,\"2020-21\":5646,\"2021-22\":5646,\"2022-23\":7276},\"Profits after tax\":{\"2013-14\":4645,\"2014-15\":4848,\"2015-16\":3240,\"2016-17\":792,\"2017-18\":6909,\"2018-19\":683,\"2019-20\":-1403,\"2020-21\":3869,\"2021-22\":3869,\"2022-23\":-1949}},\"Title\":\"Net Profits - Non Life Insurance Industry\",\"xTitle\":\"Year\",\"yTitle\":\"\\u20b9 In Crores\",\"zTitle\":\"\",\"yAxisData\":{\"2013-14\":\"2013-14\",\"2014-15\":\"2014-15\",\"2015-16\":\"2015-16\",\"2016-17\":\"2016-17\",\"2017-18\":\"2017-18\",\"2018-19\":\"2018-19\",\"2019-20\":\"2019-20\",\"2020-21\":\"2020-21\",\"2021-22\":\"2021-22\",\"2022-23\":\"2022-23\"},\"zAxisData\":{\"2013-14\":0,\"2014-15\":0,\"2015-16\":0,\"2016-17\":0,\"2017-18\":0,\"2018-19\":0,\"2019-20\":0,\"2020-21\":0,\"2021-22\":0,\"2022-23\":0},\"colorLine\":[\"#ff0066\",\"#7030a0\"],\"colorCodes\":[\"#d766fa\"]});\n                     });\n                 <\/script>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\">  <em><strong>Source<\/strong>: Council Compilation<\/em> <em>as per source <\/em><br><em>data submitted by companies<\/em> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Profit Before Tax The Non-Life Insurance Industry has generated an operating profit for 2022-23 amounting to \u20b9 8,619 Crores after [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":529,"menu_order":13,"comment_status":"closed","ping_status":"closed","template":"page-templates\/full-width.php","meta":[],"_links":{"self":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/pages\/185"}],"collection":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/comments?post=185"}],"version-history":[{"count":35,"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/pages\/185\/revisions"}],"predecessor-version":[{"id":3825,"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/pages\/185\/revisions\/3825"}],"up":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/pages\/529"}],"wp:attachment":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/media?parent=185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}