SOLVENCY

We have been investing in distribution, in talent, in products, in technology, in our brand over the last few years, so for all of these reasons as we continue our journey of growth, this 800 crores will very much help us shore up our solvency and b...

Go Digit, a new-age general insurance company, reported a gross written premium of Rs 2,368.5 crore in the September quarter, up 14% from Rs 2,073.8 crore a year back.

ICICI Prudential Life Insurance Company on Tuesday reported a marginal rise of 3 per cent in its net profit to Rs 252 crore in the September quarter. The company's net profit stood at Rs 244 crore in the same quarter a year ago.

The state-owned insurer is grappling with a solvency shortfall of ?8,000 crore, with its solvency margin dropping to negative 0.49%, far below the regulatory minimum of 1.5%.

National Insurance Company faces an ?8,000 crore solvency shortfall, with a negative 0.49% solvency margin against the regulatory minimum of 1.5%. The insurer plans to address the gap by liquidating key assets, including stakes in Agriculture Insura...

Company's capital raising committee (CRC) met on Friday to finalise commercial terms for the fundraising under this first tranche, the company said in a stock exchange announcement. In a previous board meeting in July, the insurer had authorised rai...

HDFC Life Insurance plans to raise Rs 1,500 crore through non-convertible debentures after board approval. The NCDs will carry an 8.05% coupon rate and a 10-year term, with allotment set for October 9. This move follows a drop in the company's solve...

The government is expected to introduce a bill amending the Insurance Act, 1938, during the upcoming Budget session, aiming for 'Insurance for All by 2047'. The proposed amendments may include a composite license, differential capital regulations, r...

Niva Bupa Health Insurance files a ?3,000 crore IPO, aiming to enhance solvency ratio and operating expenses. British United Provident Fund Bupa is an existing shareholder. TrueNorth-managed Fettle Tone LLP and Bupa Group play key roles in the IPO p...

?GIC Re on Tuesday posted a 3 per cent increase in net profit to Rs 2,642 crore for the fourth quarter ended March 2024 compared to Rs 2,564 crore in the same quarter a year earlier.

The government, the largest shareholder in the company, currently holds 96.50% stake in it accounting for 6,10,36,22,781 shares out of 6,32,49,97,701 fully paid up equity shares.

LIC Q4 Results: The company had reported a net profit of Rs 13,191 crore in the corresponding period of the last financial year. The Total Premium Income for the year ended March 31, 2024, was reported at Rs 4,75,070 crore. It was Rs 4,74,005 crore ...

Insurance startup Digit is set to hit the public markets on May 15, looking to raise Rs 1,125 crore through a fresh issue of shares and an offer for sale of 54 million equity shares.

What we will have is, again, a balanced product mix. Unit link will stay range bound around this, either between a fourth to a third of our business.

The Reserve Bank of India's latest Financial Stability Report reveals that three state-owned insurance companies are not meeting regulatory solvency requirements. The solvency ratio for public sector non-life insurers is sub-optimal, with three out ...

ASM indicates financial soundness of an insurance company, a necessary condition for it to make due payments. An inadequate ASM means the insurer may not be able to honour its commitment. Therefore, while seeking insurance cover, it is necessary to ...

In the first-half of FY23, the actual profit increased by 44.45% to ?17,469 crore from ?12,093 crores. This half-year profit incorporates an amount of ?13,768 crore (net of tax), related to the accretions on the available solvency margin, transferre...

Aimed at transitioning from the existing solvency-based model to the Risk-Based Capital framework, IRDAI has introduced a 'Technical Guidance' document with the initiation of the First Quantitative Impact Study.

Understanding the difference between solvency and liquidity is essential when investing. Liquidity is a company's ability to meet short-term obligations with liquid assets, while solvency refers to its ability to repay long-term debts. Liquidity rat...