Tata AIG General Insurance Company Ltd
About
Tata AIG General Insurance Company Limited is an Indian general insurance firm created through a partnership between the Tata Group and American International Group (AIG). The Tata Group possesses a 74 percent share, while AIG owns the remaining 26 percent. Under its two main business verticals i.e. Consumer Lines and Commercial Lines, Tata AIG Limited offers an extensive range of General Insurance covers that cater to various individual and business insurance needs. The range of products include insurance for automobile, home, personal accident, travel, energy, marine, property and casualty as well as specialized financial lines. The company's products are available through distribution channels like agents, brokers, banks. To help its distributors significantly increase their insurance knowledge, the company had established the ‘Tata AIG Academy’ in May 2014
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 11408 11.4% | 10242 25.4% | 8170 34.3% | 6084 5.4% | 5774 10.4% | 5229 36.3% | 3838 59.9% | 2400 14.1% | 2104 - |
| Net Operating Income (INR Cr) | 11381 14.69% | 9923 21.57% | 8163 34.28% | 6079 5.29% | 5774 10.44% | 5228 36.39% | 3833 0.00% | 2304 14.45% | 2013 0.00% |
| Profit (INR Cr) | 685 23.8% | 553 21.8% | 454 1.4% | 448 33.8% | 335 198.6% | 112 -28.5% | 157 684.3% | 20 -87.0% | 154 - |
| Assets (INR Cr) | 9706 90.2% | 5104 9.3% | 4670 21.6% | 3840 49.2% | 2573 16.1% | 2216 25.3% | 1768 68.8% | 1047 23.6% | 847 - |
| Net Worth (INR Cr) | 4677 17.2% | 3992 16.1% | 3439 15.2% | 2984 17.7% | 2537 26.7% | 2002 30.0% | 1540 0.0% | 1065 27.6% | 835 0.0% |
| Employee Cost (INR Cr) | 785 13.7% | 690 18.9% | 580 13.9% | 509 17.3% | 434 7.3% | 405 43.3% | 283 49.4% | 189 14.3% | 166 - |
| Interest Cost (INR Cr) | 0 | 0 | 0 | 22 | 38 | 27 | 22 | 4 | 10 |
| Cash & Bank Balance (INR Cr) | 355 | 407 | 545 | 317 | 349 | 292 | 512 | 116 | 175 |
| Total Debt (INR Cr) | 730 | 185 | 185 | 363 | 363 | 178 | 178 | 0 | 0 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 6.0% | 5.4% | 5.6% | 7.4% | 5.8% | 2.1% | 4.1% | 0.8% | 7.3% |
| Profit As % Of Assets | 7.1% | 10.8% | 9.7% | 11.7% | 13.0% | 5.1% | 8.9% | 1.9% | 18.2% |
| Profit As % Of Networth | 14.7% | 13.9% | 13.2% | 15.0% | 13.2% | 5.6% | 10.2% | 1.9% | 18.5% |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - | - | - |
| Debt to Equity Ratio | - | - | - | - | - | - | - | - | - |
| RONW | 15.8% | 14.9% | 14.1% | 16.2% | 14.8% | 6.3% | 10.2% | 2.1% | 18.5% |
| ROCE | 13.2% | 15.6% | 14.5% | 19.1% | 20.6% | 8.1% | 12.8% | 3.4% | 26.0% |