Since 2014-15, Shareholders’ Equity (representing Equity Share Capital plus Free Reserves less accumulated losses) of Non-Life Insurance Industry has increased from ₹ 48,774 Crores to ₹ 1,04,279 Crores in 2023-24, representing a CAGR of 8.80% over the period.

Chart 3.14.1Shareholders' Equity

Source: Council Compilation as per source
data submitted by companies

Note: From the FY 2020-21 onwards capital & free reserves include the carry forward losses of insurance companies. 

Chart 3.14.2Shareholders' Equity (Split by Type of Company)

Source: IRDAI Reports & Council Compilation as
per source data submitted by companies

Note: From the year 2020-21 onwards capital & free reserves include the carry forward losses of insurance companies.