United India Insurance Company Ltd
About
United India Insurance Company deals with providing complex insurance policies and covers to large groups of people. More than 13 million people hold policies with United India, and more than 2 million claims have been settled by the company. Motor insurance, health insurance, shopkeeper’s insurance, fire insurance, and overseas mediclaim are the primary types of insurance offered by the company. After the nationalisation of the general insurance business in 1972, United India Insurance Company had merged with 12 Indian insurance companies, 4 cooperative insurance societies, and Indian operations of 5 foreign issuers, along with regional general insurance operations of Life Insurance Corporation of India. Today, United India is spread across 1537 offices in India and provides cover to clients like ONGC and GMR. Its micro office initiative has taken insurance to rural India, covering more than 1000 Tier II and Tier III cities.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 20330 -4.5% | 21278 23.3% | 17251 2.3% | 16858 -0.4% | 16932 3.0% | 16436 -1.7% | 16719 13.8% | 14688 16.0% | 12666 15.4% | 10973 14.6% | 9578 5.1% | 9114 16.0% | 7854 20.4% | 6525 17.0% | 5580 29.8% | 4298 - |
| Net Operating Income (INR Cr) | 20327 8.59% | 21190 22.95% | 17235 0.00% | 16849 -0.44% | 16923 29.14% | 13105 1.89% | 12861 6.89% | 12032 0.00% | 10023 13.69% | 8816 0.00% | 7603 4.86% | 7251 19.12% | 6087 30.97% | 4648 21.09% | 3838 19.98% | 3199 18.39% |
| Profit (INR Cr) | -804 - | -2813 - | -2114 - | -985 - | -1486 - | -1883 - | 989 - | -1893 - | 221 -34.5% | 337 -36.1% | 528 0.1% | 527 36.3% | 387 196.3% | 131 -81.6% | 708 48.7% | 476 - |
| Assets (INR Cr) | 4717 36.6% | 3454 -48.5% | 6708 -13.6% | 7766 333.2% | 1793 -76.9% | 7751 -25.3% | 10373 4.2% | 9953 0.9% | 9867 -16.7% | 11842 22.7% | 9653 11.0% | 8700 3.2% | 8434 -5.9% | 8964 0.0% | 8961 63.7% | 5474 - |
| Net Worth (INR Cr) | -1535 109.7% | -241 -109.5% | 2531 0.0% | 4130 173.4% | 1511 -48.7% | 3668 -38.3% | 5948 42.4% | 4178 0.0% | 5731 2.5% | 5896 0.0% | 5361 8.2% | 4953 8.9% | 4547 7.1% | 4248 -52.6% | 8961 63.7% | 5474 -33.9% |
| Employee Cost (INR Cr) | 3049 -46.4% | 5684 57.7% | 3605 7.4% | 3357 24.6% | 2694 18.8% | 2267 28.9% | 1758 -12.9% | 2019 -6.1% | 2150 9.3% | 1968 24.7% | 1578 5.1% | 1501 32.6% | 1133 -18.8% | 1395 62.2% | 860 6.9% | 805 - |
| Interest Cost (INR Cr) | 0 | 0 | 0 | 25 | 99 | 21 | 19 | 11 | 6 | 4 | 3 | 4 | 3 | 3 | 4 | 4 |
| Cash & Bank Balance (INR Cr) | 3516 | 2216 | 2670 | 4092 | 1735 | 1762 | 2021 | 1917 | 1194 | 1618 | 1561 | 1332 | 1370 | 988 | 844 | 618 |
| Total Debt (INR Cr) | 0 | 0 | 900 | 900 | 900 | 900 | 900 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | - | - | - | - | - | - | 5.9% | - | 1.7% | 3.1% | 5.5% | 5.8% | 4.9% | 2.0% | 12.7% | 11.1% |
| Profit As % Of Assets | - | - | - | - | - | - | 9.5% | - | 2.2% | 2.9% | 5.5% | 6.1% | 4.6% | 1.5% | 7.9% | 8.7% |
| Profit As % Of Networth | - | - | - | - | - | - | 16.6% | - | 3.9% | 5.7% | 9.8% | 10.7% | 8.5% | 3.1% | 7.9% | 8.7% |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| RONW | - | - | - | - | - | - | -16.4% | - | -13.7% | 5.2% | 0.2% | -0.5% | -7.7% | -13.1% | -1.2% | 1.9% |
| ROCE | 0.0% | 0.0% | 0.0% | -20.8% | -30.5% | -36.4% | -8.0% | -29.6% | -6.9% | 2.8% | 1.3% | 0.9% | -2.9% | -9.6% | -1.2% | 1.8% |