Profit Before Tax

The Non-Life Insurance Industry has generated an operating profit for 2023-24 amounting to ₹ 9,229 Crores after allocation of investment income pertaining to policyholders and contribution from shareholders to meet EOM obligations amounting to ₹ 2,386 Crores. .The Investment income of the shareholder is ₹8,678 Crores in FY 23-24 as compared to 3,236 crores in the previous financial year. As a result of the above, the profit before tax of the industry is Rs. 14,107 cr. in the current year as compared to ₹598 Crores in the previous year. 

Chart 3.13.1Operating Profits - Non Life Insurance Industry

Source: Council Compilation as per source
data submitted by companies

Profit After Tax

PAT For the year 2023-24 is ₹10,664 Crores as compared to the overall loss of ₹1,949 crores in the previous year. PAT shows a wide variation in the ten year period 14-15 to 23-24 reflecting tough market conditions

Chart 3.13.2Net Profits - Non Life Insurance Industry

Source: Council Compilation as per source
data submitted by companies