March 03, 2015 10:54 AM ET

Insurance

Company Overview of Bajaj Allianz General Insurance Co. Ltd.

Company Overview

Bajaj Allianz General Insurance Company Limited provides general insurance services in India. The company offers fire insurance for consequential loss and all industrial risks; and engineering insurance for contractor’s plant and machinery, electronic equipment, boilers and pressure plant, machinery breakdown, and deterioration of stocks. It also provides motor insurance for private cars, two wheelers, and commercial vehicles, as well as motor vehicle warranty services; and health insurance plans comprising health care supreme, surgical protection plans, health guard, silver health, extra care, star package, health ensure, tax gain, hospital cash daily allowance, personal accident policy, pr...

GE Plaza

Airport Road

Yerawada

Pune,  411006

India

Founded in 2000

3,687 Employees

Phone:

91 20 6602 6666

Fax:

91 20 6602 6667

Key Executives for Bajaj Allianz General Insurance Co. Ltd.

Managing Director, Chief Executive, Director, Member of Investment Committee, Member of Risk Management Committee and Member of Policyholders' Protection Committee
Chief Financial Officer and Member of Investment Committee
Regional Chief Executive Officer of Allianz Middle East
Chief Distributions Officer
Chief Technical Officer
Compensation as of Fiscal Year 2014.

Bajaj Allianz General Insurance Co. Ltd. Key Developments

Bajaj Allianz General Insurance Co. Ltd. Announces Earnings Results for the Third Quarter and Nine Months Ended Dec. 31, 2014

Bajaj Allianz General Insurance Co. Ltd. announced earnings results for the third quarter and nine months ended Dec. 31, 2014. For the quarter, profit after tax increased by 51% to INR 1,430 million compared to INR 950 million a year ago. Net earned premium was INR 9,580 million compared to INR 8,990 million a year ago. Profit before tax was INR 2,050 million compared to INR 1,360 million a year ago. For the nine months, net earned premium was INR 28,320 million compared to INR 25,960 million a year ago. Profit before tax was INR 5,800 million compared to INR 4,430 million a year ago. Profit after tax was INR 4,180 million compared to INR 3,080 million a year ago.

Bajaj Allianz General Insurance Co. Ltd. Reports Unaudited Earnings Results for the First Quarter Ended June 30, 2014

Bajaj Allianz General Insurance Co. Ltd. reported unaudited earnings results for the first quarter ended June 30, 2014. For the quarter, the company reported gross written premium of INR 11,774.9 million against INR 10,978.7 million a year ago. Net earned premium was INR 9,210 million against INR 8,160 million a year ago. Profit before tax was INR 1,820 million against INR 1,410 million a year ago. Profit after tax was INR 1,300 million against INR 1,000 million a year ago.

Bajaj Allianz General Insurance Co. Ltd. Reports Earnings Results for the Fourth Quarter and Year Ended March 31, 2013

Bajaj Allianz General Insurance Co. Ltd. reported earnings results for the fourth quarter and year ended March 31, 2013. For the quarter, the company reported net earned premium (excluding motor pool) of INR 7,750 million compared to INR 5,660 million a year ago. Underwriting profit excluding motor pool losses was INR 80 million compared to underwriting loss excluding motor pool losses of INR 250 million a year ago. Profit before tax was INR 870 million compared to loss before tax of INR 590 million a year ago. Profit after tax was INR 620 million compared to loss before tax of INR 390 million a year ago. For the year, the company reported net earned premium (excluding motor pool) of INR 27,090 million compared to INR 21,960 million a year ago. Underwriting profit excluding motor pool losses increased by 109% to INR 1,800 million compared to INR 860 million a year ago. Profit before tax was INR 4,220 million compared to INR 1,940 million a year ago. Profit after tax more than double to INR 2,950 million compared to INR 1,240 million a year ago.

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