Table 22aGROSS UNDERWRITING EXPERIENCE - FIRE 2020-21 to 2024-25
| Year | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Gross Direct Premium | 58,856 | 73,811 | 90,869 | 1,09,070 | 1,19,066 |
| Gross Written Premium | 23,679 | 25,643 | 28,543 | 30,697 | 28,896 |
| Gross Earned Premium | 19,704 | 24,661 | 27,093 | 29,620 | 29,797 |
| Gross Direct Claims | 11,799 | 10,058 | 9,735 | 18,202 | 17,067 |
| Gross Direct Claims as % to GEP | 59.9% | 40.8% | 35.9% | 61.5% | 57.3% |
| Gross Direct Commission | 2,387 | 2,571 | 2,730 | 3,616 | 3,901 |
| Gross Direct Commission as % to GWP | 10.1% | 10.0% | 9.6% | 11.8% | 13.5% |
| Expenses of Management | 4,983 | 5,195 | 5,855 | 4,489 | 3,782 |
| Expenses of Management % to GWP | 21.0% | 20.3% | 20.5% | 14.6% | 13.1% |
| Underwriting Surplus/(Deficit) | 534 | 6,837 | 8,773 | 3,313 | 5,047 |
| Underwriting Surplus/(Deficit) % to GEP | 2.7% | 27.7% | 32.4% | 11.2% | 16.9% |
NET UNDERWRITING EXPERIENCE - FIRE 2020-21 to 2024-25
| Year | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Net Premium | 8,589 | 8,924 | 9,284 | 9,097 | 8,442 |
| Net Earned Premium | 7,792 | 8,450 | 8,907 | 9,164 | 8,736 |
| Net Incurred claims | 5,230 | 5,500 | 5,166 | 7,178 | 6,390 |
| Net Incurred Claims % to NEP | 67.1% | 65.1% | 58.0% | 78.3% | 73.1% |
| Net Commission | 98 | (296) | (886) | (22) | 52 |
| Net Commission % to NWP | 1.3% | (3.5%) | (9.9%) | (0.2%) | 0.6% |
| Expenses of Management | 1,807 | 2,629 | 2,826 | 1,871 | 1,478 |
| Expenses of Management % to NEP | 23.2% | 31.1% | 31.7% | 20.4% | 16.9% |
| Underwriting Surplus/(Deficit) | 657 | 617 | 1,801 | 137 | 816 |
| Underwriting Surplus/(Deficit) % to NEP | 8.4% | 7.3% | 20.2% | 1.5% | 9.3% |
Source: Gross and Net consolidated statement of industry compiled by GI Council.
Table 22bGROSS UNDERWRITING EXPERIENCE - ENGINEERING 2020-21 to 2024-25
| Year | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Gross Direct Premium | 3,040 | 3,641 | 4,377 | 5,486 | 6,144 |
| Gross Written Premium | 3,249 | 3,857 | 4,673 | 5,738 | 6,418 |
| Gross Earned Premium | 2,939 | 3,553 | 4,265 | 5,206 | 6,078 |
| Gross Direct Claims | 1,388 | 1,118 | 1,548 | 2,979 | 1,721 |
| Gross Direct Claims as % to GEP | 47.2% | 31.5% | 36.3% | 57.2% | 28.3% |
| Gross Direct Commission | 326 | 375 | 423 | 651 | 820 |
| Gross Direct Commission as % to GWP | 10.0% | 9.7% | 9.1% | 11.3% | 12.8% |
| Expenses of Management | 684 | 781 | 959 | 839 | 840 |
| Expenses of Management % to GWP | 21.0% | 20.3% | 20.5% | 14.6% | 13.1% |
| Underwriting Surplus/(Deficit) | 541 | 1,279 | 1,335 | 736 | 2,697 |
| Underwriting Surplus/(Deficit) % to GEP | 18.4% | 36.0% | 31.3% | 14.1% | 44.4% |
NET UNDERWRITING EXPERIENCE - ENGINEERING 2020-21 to 2024-25
| Year | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Net Premium | 8,589 | 1,485 | 1,784 | 1,883 | 2,073 |
| Net Earned Premium | 7,792 | 1,384 | 1,496 | 1,876 | 2,015 |
| Net Incurred claims | 5,230 | 536 | 722 | 1,347 | 868 |
| Net Incurred Claims % to NEP | 67.1% | 38.7% | 48.3% | 71.8% | 43.1% |
| Net Commission | 98 | 37 | (25) | (10) | 4 |
| Net Commission % to NWP | 1.3% | 2.7% | (1.7%) | (0.5%) | 0.2% |
| Expenses of Management | 1,807 | 438 | 543 | 387 | 363 |
| Expenses of Management % to NEP | 23.2% | 31.6% | 36.3% | 20.6% | 18.0% |
| Underwriting Surplus/(Deficit) | 657 | 373 | 256 | 152 | 780 |
| Underwriting Surplus/(Deficit) % to NEP | 8.4% | 27.0% | 17.1% | 8.1% | 38.7% |
Source: Gross and Net consolidated statement of industry compiled by GI Council.
Table 22cGROSS UNDERWRITING EXPERIENCE - MARINE CARGO 2020-21 to 2024-25
| Year | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Gross Direct Premium | 2,850 | 3,209 | 3,830 | 3,750 | 4,021 |
| Gross Written Premium | 2,601 | 3,348 | 3,982 | 3,927 | 4,196 |
| Gross Earned Premium | 2,629 | 2,975 | 3,665 | 3,955 | 4,062 |
| Gross Direct Claims | 2,300 | 2,675 | 2,740 | 2,650 | 2,921 |
| Gross Direct Claims as % to GEP | 87.5% | 89.9% | 74.8% | 67.0% | 71.9% |
| Gross Direct Commission | 320 | 422 | 494 | 590 | 639 |
| Gross Direct Commission as % to GWP | 12.3% | 12.6% | 12.4% | 15.0% | 15.2% |
| Expenses of Management | 547 | 678 | 817 | 574 | 549 |
| Expenses of Management % to GWP | 21.0% | 20.3% | 20.5% | 14.6% | 13.1% |
| Underwriting Surplus/(Deficit) | (538) | (801) | (386) | 140 | (48) |
| Underwriting Surplus/(Deficit) % to GEP | (20.5%) | (26.9%) | (10.5%) | 3.5% | (1.2%) |
NET UNDERWRITING EXPERIENCE - MARINE CARGO 2020-21 to 2024-25
| Year | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Net Premium | 1,771 | 2,292 | 2,568 | 2,714 | 2,915 |
| Net Earned Premium | 1,739 | 2,153 | 2,563 | 2,658 | 2,865 |
| Net Incurred claims | 1,204 | 1,772 | 1,972 | 2,091 | 2,252 |
| Net Incurred Claims % to NEP | 69.2% | 82.3% | 76.9% | 78.7% | 78.6% |
| Net Commission | 232 | 312 | 370 | 464 | 489 |
| Net Commission % to NWP | 13.3% | 14.5% | 14.4% | 17.5% | 17.1% |
| Expenses of Management | 373 | 675 | 782 | 558 | 510 |
| Expenses of Management % to NEP | 21.4% | 31.4% | 30.5% | 21.0% | 17.8% |
| Underwriting Surplus/(Deficit) | (70) | (606) | (561) | (455) | (386) |
| Underwriting Surplus/(Deficit) % to NEP | (4.0%) | (28.2%) | (21.9%) | (17.1%) | (13.5%) |
Source: Gross and Net consolidated statement of industry compiled by GI Council.
Table 22dGROSS UNDERWRITING EXPERIENCE - MARINE HULL 2020-21 to 2024-25
| Year | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Gross Direct Premium | 1,066 | 1,063 | 1,314 | 1,410 | 1,578 |
| Gross Written Premium | 1,123 | 1,113 | 1,349 | 1,441 | 1,597 |
| Gross Earned Premium | 999 | 1,118 | 1,231 | 1,395 | 1,519 |
| Gross Direct Claims | 1,189 | 1,205 | 642 | 828 | 383 |
| Gross Direct Claims as % to GEP | 119.0% | 107.8% | 52.2% | 59.4% | 25.2% |
| Gross Direct Commission | 37 | 43 | 45 | 47 | 60 |
| Gross Direct Commission as % to GWP | 3.3% | 3.9% | 3.3% | 3.3% | 3.8% |
| Expenses of Management | 236 | 225 | 277 | 211 | 209 |
| Expenses of Management % to GWP | 21.0% | 20.3% | 20.5% | 14.6% | 13.1% |
| Underwriting Surplus/(Deficit) | (463) | (355) | 267 | 309 | 867 |
| Underwriting Surplus/(Deficit) % to GEP | (46.4%) | (31.8%) | 21.7% | 22.2% | 57.1% |
NET UNDERWRITING EXPERIENCE - MARINE HULL 2020-21 to 2024-25
| Year | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Net Premium | 264 | 305 | 406 | 435 | 431 |
| Net Earned Premium | 234 | 264 | 313 | 409 | 449 |
| Net Incurred claims | 242 | 268 | 191 | 129 | 190 |
| Net Incurred Claims % to NEP | 103.4% | 101.5% | 61.0% | 31.5% | 42.3% |
| Net Commission | 2 | 2 | 2 | 1 | 11 |
| Net Commission % to NWP | 0.9% | 0.8% | 0.6% | 0.2% | 2.4% |
| Expenses of Management | 56 | 90 | 124 | 89 | 75 |
| Expenses of Management % to NEP | 23.7% | 34.0% | 39.5% | 21.9% | 16.8% |
| Underwriting Surplus/(Deficit) | (66) | (96) | (4) | 190 | 173 |
| Underwriting Surplus/(Deficit) % to NEP | (28.0%) | (36.3%) | (1.1%) | 46.3% | 38.4% |
Source: Gross and Net consolidated statement of industry compiled by GI Council.
Table 22eGROSS UNDERWRITING EXPERIENCE - AVIATION 2020-21 to 2024-25
| Year | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Gross Direct Premium | 753 | 852 | 892 | 1,056 | 1,098 |
| Gross Written Premium | 1,146 | 1,204 | 1,210 | 1,454 | 1,366 |
| Gross Earned Premium | 919 | 1,175 | 1,207 | 1,332 | 1,410 |
| Gross Direct Claims | 1,279 | 600 | 232 | 603 | 857 |
| Gross Direct Claims as % to GEP | 139.2% | 51.1% | 19.2% | 45.3% | 60.8% |
| Gross Direct Commission | 86 | 39 | 31 | 55 | 38 |
| Gross Direct Commission as % to GWP | 7.5% | 3.2% | 2.6% | 3.8% | 2.8% |
| Expenses of Management | 241 | 244 | 248 | 213 | 179 |
| Expenses of Management % to GWP | 21.0% | 20.3% | 20.5% | 14.6% | 13.1% |
| Underwriting Surplus/(Deficit) | (687) | 292 | 696 | 461 | 336 |
| Underwriting Surplus/(Deficit) % to GEP | (74.8%) | 24.9% | 57.6% | 34.6% | 23.8% |
NET UNDERWRITING EXPERIENCE - AVIATION 2020-21 to 2024-25
| Year | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Net Premium | 400 | 365 | 359 | 411 | 299 |
| Net Earned Premium | 414 | 372 | 394 | 406 | 327 |
| Net Incurred claims | 518 | 225 | 311 | 383 | 145 |
| Net Incurred Claims % to NEP | 125.1% | 60.5% | 78.9% | 94.3% | 44.3% |
| Net Commission | 5 | 18 | 19 | 34 | 31 |
| Net Commission % to NWP | 1.2% | 4.8% | 4.8% | 8.4% | 9.5% |
| Expenses of Management | 84 | 108 | 109 | 85 | 52 |
| Expenses of Management % to NEP | 20.3% | 28.9% | 27.7% | 20.8% | 16.0% |
| Underwriting Surplus/(Deficit) | (193) | 21 | (45) | (96) | 99 |
| Underwriting Surplus/(Deficit) % to NEP | (46.7%) | 5.8% | (11.5%) | (23.5%) | 30.2% |
Source: Gross and Net consolidated statement of industry compiled by GI Council.
Table 22fGROSS UNDERWRITING EXPERIENCE - MOTOR OD 2020-21 to 2024-25
| Year | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Gross Direct Premium | 27,767 | 28,663 | 33,294 | 39,205 | 42,149 |
| Gross Written Premium | 27,838 | 28,780 | 33,345 | 39,214 | 42,388 |
| Gross Earned Premium | 27,181 | 28,309 | 31,063 | 36,280 | 40,801 |
| Gross Direct Claims | 18,548 | 22,598 | 26,524 | 29,626 | 32,728 |
| Gross Direct Claims as % to GEP | 68.2% | 79.8% | 85.4% | 81.7% | 80.2% |
| Gross Direct Commission | 5,079 | 5,227 | 6,182 | 10,975 | 12,069 |
| Gross Direct Commission as % to GWP | 18.2% | 18.2% | 18.5% | 28.0% | 28.5% |
| Expenses of Management | 5,859 | 5,830 | 6,840 | 5,735 | 5,547 |
| Expenses of Management % to GWP | 21.0% | 20.3% | 20.5% | 14.6% | 13.1% |
| Underwriting Surplus/(Deficit) | (2,305) | (5,346) | (8,484) | (10,056) | (9,543) |
| Underwriting Surplus/(Deficit) % to GEP | (8.5%) | (18.9%) | (27.3%) | (27.7%) | (23.4%) |
NET UNDERWRITING EXPERIENCE - MOTOR OD 2020-21 to 2024-25
| Year | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Net Premium | 23,981 | 24,304 | 27,620 | 32,551 | 32,457 |
| Net Earned Premium | 22,726 | 24,331 | 26,153 | 30,007 | 32,895 |
| Net Incurred claims | 15,852 | 19,542 | 23,190 | 25,171 | 27,048 |
| Net Incurred Claims % to NEP | 69.8% | 80.3% | 88.7% | 83.9% | 82.2% |
| Net Commission | 4,157 | 4,041 | 5,129 | 9,633 | 10,206 |
| Net Commission % to NWP | 18.3% | 16.6% | 19.6% | 32.1% | 31.0% |
| Expenses of Management | 5,045 | 7,161 | 8,407 | 6,694 | 5,684 |
| Expenses of Management % to NEP | 22.2% | 29.4% | 32.1% | 22.3% | 17.3% |
| Underwriting Surplus/(Deficit) | (2,328) | (6,413) | (10,573) | (11,491) | (10,043) |
| Underwriting Surplus/(Deficit) % to NEP | (10.2%) | (26.4%) | (40.4%) | (38.3%) | (30.5%) |
Source: Gross and Net consolidated statement of industry compiled by GI Council.
Table 22gGROSS UNDERWRITING EXPERIENCE - MOTOR TP 2020-21 to 2024-25
| Year | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Gross Direct Premium | 41,747 | 43,273 | 49,512 | 55,986 | 58,756 |
| Gross Written Premium | 42,516 | 43,788 | 50,267 | 55,989 | 59,061 |
| Gross Earned Premium | 42,472 | 43,152 | 47,028 | 53,128 | 57,525 |
| Gross Direct Claims | 31,328 | 34,987 | 39,242 | 43,615 | 50,804 |
| Gross Direct Claims as % to GEP | 73.8% | 81.1% | 83.4% | 82.1% | 88.3% |
| Gross Direct Commission | 851 | 797 | 970 | 8,703 | 11,556 |
| Gross Direct Commission as % to GWP | 2.0% | 1.8% | 1.9% | 15.5% | 19.6% |
| Expenses of Management | 8,948 | 8,871 | 10,312 | 8,188 | 7,729 |
| Expenses of Management % to GWP | 21.0% | 20.3% | 20.5% | 14.6% | 13.1% |
| Underwriting Surplus/(Deficit) | 1,345 | (1,503) | (3,496) | (7,378) | (12,564) |
| Underwriting Surplus/(Deficit) % to GEP | 3.2% | (3.5%) | (7.4%) | (13.9%) | (21.8%) |
NET UNDERWRITING EXPERIENCE - MOTOR TP 2020-21 to 2024-25
| Year | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Net Premium | 21,931 | 39,479 | 45,247 | 50,730 | 53,521 |
| Net Earned Premium | 20,699 | 38,368 | 42,490 | 48,847 | 51,467 |
| Net Incurred claims | 16,101 | 31,435 | 34,801 | 38,361 | 45,070 |
| Net Incurred Claims % to NEP | 77.8% | 81.9% | 81.9% | 78.5% | 87.6% |
| Net Commission | (347.20) | 193 | 315 | 7,374 | 10,407 |
| Net Commission % to NWP | (1.7%) | 0.5% | 0.7% | 15.1% | 20.2% |
| Expenses of Management | 4,614 | 11,631 | 13,772 | 10,433 | 9,373 |
| Expenses of Management % to NEP | 22.3% | 30.3% | 32.4% | 21.4% | 18.2% |
| Underwriting Surplus/(Deficit) | 332 | (4,891) | (6,399) | (7,321) | (13,383) |
| Underwriting Surplus/(Deficit) % to NEP | 1.6% | (12.7%) | (15.1%) | (15.0%) | (26.0%) |
Source: Gross and Net consolidated statement of industry compiled by GI Council.
Table 22hGROSS UNDERWRITING EXPERIENCE -LIABILITY 2020-21 to 2024-25
| Year | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Gross Direct Premium | 2,581 | 3,493 | 3,792 | 4,317 | 5,017 |
| Gross Written Premium | 2,721 | 3,641 | 4,267 | 4,490 | 5,215 |
| Gross Earned Premium | 2,645 | 3,181 | 3,954 | 4,379 | 4,853 |
| Gross Direct Claims | 1,322 | 1,148 | 1,872 | 1,599 | 3,266 |
| Gross Direct Claims as % to GEP | 50.0% | 36.1% | 47.3% | 36.5% | 67.3% |
| Gross Direct Commission | 325 | 400 | 463 | 617 | 745 |
| Gross Direct Commission as % to GWP | 11.9% | 11.0% | 10.9% | 13.7% | 14.3% |
| Expenses of Management | 573 | 738 | 875 | 657 | 682 |
| Expenses of Management % to GWP | 21.0% | 20.3% | 20.5% | 14.6% | 13.1% |
| Underwriting Surplus/(Deficit) | 425 | 895 | 744 | 1,506 | 159 |
| Underwriting Surplus/(Deficit) % to GEP | 16.1% | 28.1% | 18.8% | 34.4% | 3.3% |
NET UNDERWRITING EXPERIENCE - LIABILITY 2020-21 to 2024-25
| Year | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Net Premium | 1,488 | 2,025 | 2,222 | 2,163 | 2,443 |
| Net Earned Premium | 1,427 | 1,759 | 2,320 | 2,098 | 2,353 |
| Net Incurred claims | 708 | 652 | 1,083 | 970 | 1,454 |
| Net Incurred Claims % to NEP | 49.6% | 37.1% | 46.7% | 46.2% | 61.8% |
| Net Commission | 151 | 139 | 126 | 243 | 306 |
| Net Commission % to NWP | 10.6% | 7.9% | 5.4% | 11.6% | 13.0% |
| Expenses of Management | 313 | 597 | 676 | 445 | 428 |
| Expenses of Management % to NEP | 21.9% | 33.9% | 29.2% | 21.2% | 18.2% |
| Underwriting Surplus/(Deficit) | 225 | 371 | 435 | 440 | 165 |
| Underwriting Surplus/(Deficit) % to NEP | 17.9% | 21.1% | 18.7% | 21.0% | 7.0% |
Source: Gross and Net consolidated statement of industry compiled by GI Council.
Table 22IGROSS UNDERWRITING EXPERIENCE - PERSONAL ACCIDENT 2020-21 to 2024-25
| Year | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Gross Direct Premium | 5,138 | 6,923 | 7,053 | 7,798 | 8,588 |
| Gross Written Premium | 5,156 | 6,997 | 7,122 | 8,099 | 8,645 |
| Gross Earned Premium | 5,174 | 6,077 | 7,060 | 7,611 | 8,372 |
| Gross Direct Claims | 2,825 | 4,132 | 4,318 | 5,100 | 5,594 |
| Gross Direct Claims as % to GEP | 54.6% | 68.0% | 61.2% | 67.0% | 66.8% |
| Gross Direct Commission | 475 | 606 | 666 | 1,220 | 1,359 |
| Gross Direct Commission as % to GWP | 9.2% | 8.7% | 9.4% | 15.1% | 15.7% |
| Expenses of Management | 1,085 | 1,417 | 1,461 | 1,184 | 1,131 |
| Expenses of Management % to GWP | 21.0% | 20.3% | 20.5% | 14.6% | 13.1% |
| Underwriting Surplus/(Deficit) | 789 | (79) | 614 | 106 | 288 |
| Underwriting Surplus/(Deficit) % to GEP | 15.2% | (1.3%) | 8.7% | 1.4% | 3.4% |
NET UNDERWRITING EXPERIENCE - PERSONAL ACCIDENT 2020-21 to 2024-25
| Year | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Net Premium | 4,151 | 5,170 | 5,620 | 6,148 | 5,876 |
| Net Earned Premium | 4,349 | 5,180 | 5,097 | 5,727 | 6,072 |
| Net Incurred claims | 2,272 | 3,218 | 3,192 | 3,701 | 3,738 |
| Net Incurred Claims % to NEP | 52.2% | 62.1% | 62.6% | 64.6% | 61.6% |
| Net Commission | 206 | 25 | 202 | 724 | 351 |
| Net Commission % to NWP | 4.7% | 0.5% | 4.0% | 12.6% | 5.8% |
| Expenses of Management | 873 | 1,523 | 1,711 | 1,264 | 1,029 |
| Expenses of Management % to NEP | 20.1% | 29.4% | 33.6% | 22.1% | 16.9% |
| Underwriting Surplus/(Deficit) | 998 | 414 | (8) | 38 | 954 |
| Underwriting Surplus/(Deficit) % to NEP | 22.9% | 8.0% | (0.1%) | 0.7% | 15.7% |
Source: Gross and Net consolidated statement of industry compiled by GI Council.
Table 22JGROSS UNDERWRITING EXPERIENCE - HEALTH 2020-21 to 2024-25
| Year | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Gross Direct Premium | 58,856 | 73,811 | 90,869 | 109,070 | 119,066 |
| Gross Written Premium | 59,276 | 74,933 | 91,826 | 109,338 | 122,636 |
| Gross Earned Premium | 55,475 | 67,105 | 83,380 | 100,582 | 115,987 |
| Gross Direct Claims | 47,411 | 71,916 | 73,941 | 85,439 | 98,641 |
| Gross Direct Claims as % to GEP | 85.5% | 107.2% | 88.7% | 84.9% | 85.0% |
| Gross Direct Commission | 5,341 | 6,292 | 7,601 | 12,302 | 15,072 |
| Gross Direct Commission as % to GWP | 9.0% | 8.4% | 8.3% | 11.3% | 12.3% |
| Expenses of Management | 12,475 | 15,180 | 18,837 | 15,990 | 16,049 |
| Expenses of Management % to GWP | 21.0% | 20.3% | 20.5% | 14.6% | 13.1% |
| Underwriting Surplus/(Deficit) | (9,752) | (26,283) | (17,000) | (13,149) | (13,775) |
| Underwriting Surplus/(Deficit) % to GEP | (17.6%) | (39.2%) | (20.4%) | (13.1%) | (11.9%) |
NET UNDERWRITING EXPERIENCE - HEALTH 2020-21 to 2024-25
| Year | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Net Premium | 50,520 | 64,663 | 80,668 | 93,292 | 104,072 |
| Net Earned Premium | 44,291 | 58,871 | 73,798 | 86,606 | 99,531 |
| Net Incurred claims | 41,593 | 64,421 | 65,867 | 77,083 | 86,397 |
| Net Incurred Claims % to NEP | 93.9% | 109.4% | 89.3% | 89.0% | 86.8% |
| Net Commission | 2,845 | 3,932 | 4,593 | 8,179 | 9,930 |
| Net Commission % to NWP | 6.4% | 6.7% | 6.2% | 9.4% | 10.0% |
| Expenses of Management | 10,628 | 19,051 | 24,553 | 19,186 | 18,225 |
| Expenses of Management % to NEP | 24.0% | 32.4% | 33.3% | 22.2% | 18.3% |
| Underwriting Surplus/(Deficit) | (10,775) | (28,533) | (21,215) | (17,842) | (15,021) |
| Underwriting Surplus/(Deficit) % to NEP | (24.3%) | (48.5%) | (28.7%) | (20.6%) | (15.1%) |
Source: Gross and Net consolidated statement of industry compiled by GI Council.
Table 22KGROSS UNDERWRITING EXPERIENCE - CROP INSURANCE 2020-21 to 2024-25
| Year | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Gross Direct Premium | 31,120 | 29,442 | 32,066 | 30,733 | 30,104 |
| Gross Written Premium | 31,194 | 29,455 | 32,196 | 31,803 | 31,513 |
| Gross Earned Premium | 31,734 | 30,325 | 30,826 | 32,000 | 31,658 |
| Gross Direct Claims | 25,215 | 23,231 | 25,926 | 25,943 | 24,964 |
| Gross Direct Claims as % to GEP | 79.5% | 76.6% | 84.1% | 81.1% | 78.9% |
| Gross Direct Commission | 103 | 114 | 129 | 144 | 217 |
| Gross Direct Commission as % to GWP | 0.3% | 0.4% | 0.4% | 0.5% | 0.7% |
| Expenses of Management | 6,565 | 5,967 | 6,605 | 4,651 | 4,124 |
| Expenses of Management % to GWP | 21.0% | 20.3% | 20.5% | 14.6% | 13.1% |
| Underwriting Surplus/(Deficit) | (150) | 1,013 | (1,834) | 1,261 | 2,354 |
| Underwriting Surplus/(Deficit) % to GEP | (0.5%) | 3.3% | (6.0%) | 3.9% | 7.4% |
NET UNDERWRITING EXPERIENCE - CROP INSURANCE 2020-21 to 2024-25
| Year | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Net Premium | 12,757 | 12,017 | 11,834 | 15,849 | 14,932 |
| Net Earned Premium | 12,894 | 12,501 | 11,821 | 15,695 | 15,091 |
| Net Incurred claims | 11,197 | 10,780 | 11,045 | 13,958 | 12,391 |
| Net Incurred Claims % to NEP | 86.8% | 86.2% | 93.4% | 88.9% | 82.1% |
| Net Commission | (987) | (819) | (1,093) | (1,007) | (962) |
| Net Commission % to NWP | (7.7%) | (6.6%) | (9.2%) | (6.4%) | (6.4%) |
| Expenses of Management | 2,684 | 3,540 | 3,602 | 3,259 | 2,615 |
| Expenses of Management % to NEP | 20.8% | 28.3% | 30.5% | 20.8% | 17.3% |
| Underwriting Surplus/(Deficit) | 0 | (1,000) | (1,733) | (515) | 1,047 |
| Underwriting Surplus/(Deficit) % to NEP | 0.0% | (8.0%) | (14.7%) | (3.3%) | 6.9% |
Source: Gross and Net consolidated statement of industry compiled by GI Council.
Table 22LGROSS UNDERWRITING EXPERIENCE - OTHER MISC 2020-21 to 2024-25
| Year | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Gross Direct Premium | 6,353 | 6,890 | 8,116 | 8,599 | 9,376 |
| Gross Written Premium | 6,405 | 6,973 | 7,811 | 8,654 | 9,579 |
| Gross Earned Premium | 6,041 | 6,689 | 7,392 | 8,233 | 9,117 |
| Gross Direct Claims | 3,429 | 5,241 | 2,939 | 3,037 | 4,566 |
| Gross Direct Claims as % to GEP | 56.8% | 78.4% | 39.8% | 36.9% | 50.1% |
| Gross Direct Commission | 663 | 741 | 780 | 1,380 | 1,447 |
| Gross Direct Commission as % to GWP | 10.4% | 10.6% | 10.0% | 15.9% | 15.1% |
| Expenses of Management | 1,348 | 1,413 | 1,602 | 1,266 | 1,254 |
| Expenses of Management % to GWP | 21.0% | 20.3% | 20.5% | 14.6% | 13.1% |
| Underwriting Surplus/(Deficit) | 601 | (706) | 2,071 | 2,550 | 1,850 |
| Underwriting Surplus/(Deficit) % to GEP | 9.9% | (10.5%) | 28.0% | 31.0% | 20.3% |
NET UNDERWRITING EXPERIENCE - OTHER MISC 2020-21 to 2024-25
| Year | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Net Premium | 4,189 | 4,485 | 4,722 | 5,599 | 5,452 |
| Net Earned Premium | 3,988 | 4,367 | 4,327 | 5,301 | 5,738 |
| Net Incurred claims | 2,458 | 2,417 | 1,726 | 1,928 | 2,466 |
| Net Incurred Claims % to NEP | 61.6% | 55.3% | 39.9% | 36.4% | 43.0% |
| Net Commission | 354 | 361 | 319 | 817 | 614 |
| Net Commission % to NWP | 8.9% | 8.3% | 7.4% | 15.4% | 10.7% |
| Expenses of Management | 881 | 944 | 1,437 | 1,151 | 955 |
| Expenses of Management % to NEP | 22.1% | 21.6% | 33.2% | 21.7% | 16.6% |
| Underwriting Surplus/(Deficit) | 295 | 645 | 845 | 1,405 | 1,703 |
| Underwriting Surplus/(Deficit) % to NEP | 7.4% | 14.8% | 19.5% | 26.5% | 29.7% |