IRDAI (i.e. Insurance Regulatory and Development Authority of India)
in Aug, 2016 has filled draft guidelines for compulsory listing of all
insurance companies in India. As per the guidelines insurance
companies having completed 8 years of operation under general and reinsurance
segment and 10 years of operation under Life insurance segment shall go for
mandatory listing on the stock exchanges.
(Read – Guidelines for
Listed Insurance Companies, 2016) / (List of
Registered IRDAI Insurance companies in India)
1. HDFC STANDARD LIFE INSURANCE COMPANY
LTD –
HDFC STANDARD LIFE
INSURANCE COMPANY LTD is
a joint venture between HDFC LTD&
Standard Life (Mauritius
Holdings). HDFC Standard Life an unlisted and highly demanded
stock among the unlisted brokers
and investors. HDFC Life continues to benefit from having a wide reach with 398
HDFC LIFE offices in India and 12,000+ distributor touch-points. HDFC Standard Life has an AUM of Rs. 91742
Crs for the year ended March 2017.
HDFC Life, in their
meeting held on 17th July, 2017 to
decide upon the IPO & the board meeting of HDFC LTD held on 26th July, 2017
over the same matter has got the board approval as well as shareholders’ approval
for considering IPO prior to the Merger proposal of MAX Financial Services Ltd, Max Life
Insurance Company Ltd, Max India Ltd and HDFC Life which
shall take place post IPO as reworking is still going on.
On 18th august, 2017 HDFC Life has
filled papers with SEBI for IPO raise around Rs.7500 Crs. Through
IPO. IPO will be a pure offer for sale of 1,91,246,050 shares by the promoters
i.e HDFC Ltd –9.55% & Standard Life – 5.42%.
FINANCIAL HIGHLIGHTS – YEAR ENDED MARCH 2017
& 2016 (FIG . IN CRS.)
|
Particulars
|
2017
|
2016
|
|
PREMIUM
|
19445
|
16313
|
|
AUM( ASSETS UNDER MANAGEMENT)
|
91742
|
74247
|
|
TOTAL INCOME
|
1017
|
900
|
|
PAT
|
887
|
817
|
|
EPS
|
4.44
|
4.09
|
|
EQUITY
|
1998.48
|
1995.29
|
|
FACE VALUE
|
10
|
10
|
|
BOOK VALUE
|
19.21
|
15.83
|
|
SOLVENCY RATIO (%)
|
192%
|
198%
|
2. THE NEW INDIA ASSURANCE COMPANY LTD –
The New India Assurance is
a wholly owned company of government of India, incorporated in year 1919. The New
India Assurance is registered as “general insurance” company with IRDAI. The New
India Assurance has its operations spread across 29 states, 7 union territories
& across 28 countries globally.
In year 2017, The New India Assurance has
earned Premium of Rs. 17814.7 Crs. Comapred to Rs. 14959.826 Crs in 2016. Net
Profit After Tax is reported at Rs. 1007.9 Crs in 2017 comapred to Rs. 828.69 Crs
in 2016.share capital of the company stands at Rs. 200 Crs. Total Net Worth (including
fair value change) has increased from Rs. 30446 Crs in 2016 to Rs. 35863 Crs in
2017.Solvency Ratio for 2017 stands at 2.22x.
IPO of The New India Assurance is a
combination of fresh issue of shares around 2.4 Crs and offer for sale by promoter
(i.e President of India) around 9.6 Crs.
(Read – Public Disclosure 2017
/ IPO
Draft With SEBI)
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