Bajaj Finserv Ltd. benchmarking: Perfomance to industry peers

Financial

	Bajaj Finserv	JIO Financial Serv.	Indian Railway Fin.
Operational Metrics
General Insurance
Float	10247.53 Crs	n/a	n/a
Yield On Total Investments - General Insurance	8.92 %	n/a	n/a
Combined Ratio	103.64 %	n/a	n/a
Monthly Gross Direct Premium Income (GDPI)	2218.84 Crs	n/a	n/a
Risk Retention Ratio	44.91 %	n/a	n/a
Life Insurance
AUM - Life Insurance	131052.0 Crs	n/a	n/a
New Business Performance - Life Insurance	1374.58 Crs	n/a	n/a
Embedded Value	23805.0 Crs	n/a	n/a
Value Of New Business Margin (VNB)	39.0 %	n/a	n/a
Management Expense Ratio - Life Insurance	29.4 %	n/a	n/a
13 Month Persistency Ratio	79.6 %	n/a	n/a
61 Month Persistency Ratio	52.2 %	n/a	n/a
Commission Ratio - Life Insurance	11.1 %	n/a	n/a
Financials
5 yr Average ROE	12.68 %	0.65 %	13.27 %
5yr average Equity Multiplier	8.53	1.11	10.34
5yr Average Asset Turnover Ratio	0.21	0.41	0.05
5yr Avg Net Profit Margin	7.17 %	44.35 %	26.4 %
Price to Book	4.59	1.42	2.86
P/E	34.93	117.63	23.54
5yr Avg Cash Conversion Cycle	19.49 Days	127.09 Days	0.0
Inventory Days	0.0	339.1 Days	0.0
Days Receivable	19.49 Days	127.09 Days	0.0
Days Payable	0.0	42.2 Days	0.0
5yr Average Interest Coverage Ratio	2.14	3.01	1.36
5yr Avg ROCE	15.85 %	1.36 %	5.22 %
5yr Avg Operating Profit Margin	34.82 %	84.8 %	99.4 %
5 yr average Debt to Equity	4.36	0.08	8.81
5yr CAGR Net Profit	14.69 %	-18.34 %	8.04 %
5yr Average Return on Assets	1.49 %	0.35 %	1.28 %
Shareholdings
Promoter Holding	58.81 %	47.12 %	86.36 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-1.94 %	0.35 %	0.0
Change in Mutual Fund Holding (3 Yrs)	3.77 %	1.76 %	-1.86 %

	Bajaj Finserv	JIO Financial Serv.	Indian Railway Fin.
Segment Break-Up	Segment Break-Up NBFC 53.73 Insurance 29.38 Investments 2.19 Wind 0.02 Others 14.68	-	-
Segment Break-Up	Segment Break-Up NBFC 53.73 Insurance 29.38 Investments 2.19 Wind 0.02 Others 14.68	-	-
Product Wise Break-Up	Product Wise Break-Up Fee and Commission 0 Dividend income 0 Interest income 0 Others 100	Product Wise Break-Up Fee and Commission 14.25 Interest income 39.98 Dividend 27.41 Others 18.36	-
Location Wise Break-Up	Location Wise Break-Up India 100.0	Location Wise Break-Up India 100.0	Location Wise Break-Up India 100.0
Distribution Channel	Distribution Channel Banking 12.0 Others 88.0	-	-
Premium Break-Up - General Insurance	Premium Break-Up - General Insurance Motors 40.12 Health Insurance 37.53 Crop Insurance 8.87 Fire Equipment 2.69 PERSONAL ACCIDENT 2.22 MARINE 1.6 Worksmens Compensation 0.53 Public/Product Liability 0.32 Engineering 0.29 Aviation 0.02 Credit Insurance 0 Others 5.81	-	-
AUM Break-Up - NBFC	AUM Break-Up - NBFC Mortage 31.25 Consumer Finance 19.64 SME 12.65 Rural 7.75 Consumer Finance 7.59 Commercial Lending Business 5.82 Loans against securities 5.34 Consumer Finance 5.16 Rural 2.09 Others 2.71	-	-
Net Profit Break-Up	Net Profit Break-Up Loan 87.66 General Insurance 10.28 Life Insurance 2.0 Windmill 0.06 Investments 0	-	-