August 23, 2014 1:06 PM ET

Insurance

Company Overview of Bajaj Allianz General Insurance Co. Ltd.

Company Overview

Bajaj Allianz General Insurance Company Limited operates as a general insurance company in India. The company offers motor insurance, including products for private cars, two wheelers, and commercial vehicles; and asset insurance packages comprising householders, shopkeepers, offices, and motor dealers package, as well as plate glass, easy householders and commercial package policies, and jewelers block insurance. It also provides fire insurance, including consequential loss; and engineering insurance, such as contractor’s plant and machinery, electronic equipment, boilers and pressure plant, machinery breakdown, and deterioration of stocks, as well as industrial all risks. In addition, the ...

GE Plaza

1st Floor

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 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. 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.

Bajaj Allianz General Insurance Co. Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012

Bajaj Allianz General Insurance Co. Ltd. reported earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported gross written premium was INR 9,500 million, net earned premium was INR 6,940 million, profit before tax was INR 1,310 million and profit after tax was INR 910 million against gross written premium was INR 7,750 million, net earned premium was INR 5,630 million, profit before tax was INR 1,020 million and profit after tax was INR 600 million a year ago. For the nine months, the company reported gross written premium was INR 28,660 million, net earned premium was INR 19,340 million, profit before tax was INR 3,340 million and profit after tax was INR 2,330 million against gross written premium was INR 33,380 million, net earned premium was INR 21,960 million, profit before tax was INR 1,940 million and profit after tax was INR 1,240 million a year ago.

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