{"id":185,"date":"2019-07-23T07:56:55","date_gmt":"2019-07-23T07:56:55","guid":{"rendered":"http:\/\/localhost\/yearbook\/?page_id=185"},"modified":"2025-02-03T13:42:54","modified_gmt":"2025-02-03T13:42:54","slug":"profit-after-tax","status":"publish","type":"page","link":"https:\/\/yearbook.websitestage.org\/?page_id=185","title":{"rendered":"3.13 &#8211; Profits before Tax (after accounting investment income of shareholders)"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Profit Before Tax<\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>The Non-Life Insurance Industry has generated an operating profit for 2023-24 amounting to \u20b9 9,229 Crores after allocation of investment income pertaining to policyholders and contribution from shareholders to meet EOM obligations amounting to \u20b9 2,386 Crores. .The Investment income of the shareholder is \u20b98,678 Crores in FY 23-24 as compared to 3,236 crores in the previous financial year. As a result of the above, the profit before tax of the industry is Rs. 14,107 cr. in the current year as compared to \u20b9598 Crores in the previous year.\u00a0<\/p>\n\n\n<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #f6a192;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 3.13.1<\/span>Operating Profits - Non Life Insurance Industry<\/h3><div id=\"Chart_256\"><\/div><script type=\"text\/javascript\">\n                     jQuery(document).ready(function () {\n                         multiple_column_multiple_line(\"Chart_256\",{\"data\":{\"Investment Income\":{\"2014-15\":16816,\"2015-16\":19123,\"2016-17\":21433,\"2017-18\":25499,\"2018-19\":26288,\"2019-20\":28363,\"2020-21\":29583,\"2021-22\":32268,\"2022-23\":38436,\"2023-24\":43920}},\"dataLine\":{\"Pure underwriting losses\":{\"2014-15\":-10821,\"2015-16\":-15164,\"2016-17\":-21077,\"2017-18\":-16013,\"2018-19\":-24010,\"2019-20\":-23114,\"2020-21\":-19441,\"2021-22\":-31948,\"2022-23\":-33154,\"2023-24\":-28563},\"Profit Before Tax (Rs Cr)\":{\"2014-15\":6201,\"2015-16\":4158,\"2016-17\":2018,\"2017-18\":9332,\"2018-19\":2715,\"2019-20\":1070,\"2020-21\":6626,\"2021-22\":-1124,\"2022-23\":598,\"2023-24\":14107}},\"Title\":\"Operating Profits - Non Life Insurance Industry\",\"xTitle\":\"Year\",\"yTitle\":\"\\u20b9 In Crores\",\"zTitle\":\"\",\"yAxisData\":{\"2014-15\":\"2014-15\",\"2015-16\":\"2015-16\",\"2016-17\":\"2016-17\",\"2017-18\":\"2017-18\",\"2018-19\":\"2018-19\",\"2019-20\":\"2019-20\",\"2020-21\":\"2020-21\",\"2021-22\":\"2021-22\",\"2022-23\":\"2022-23\",\"2023-24\":\"2023-24\"},\"zAxisData\":{\"2014-15\":0,\"2015-16\":0,\"2016-17\":0,\"2017-18\":0,\"2018-19\":0,\"2019-20\":0,\"2020-21\":0,\"2021-22\":0,\"2022-23\":0,\"2023-24\":0},\"colorLine\":[\"#002060\",\"#0070c0\",\"#7e8ac5\"],\"colorCodes\":[\"#7e8ac5\"]});\n                     });\n                 <\/script>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"> <em><strong>Source<\/strong>: Council Compilation<\/em> <em>as per source <\/em><br><em>data submitted by companies<\/em><\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p><\/p>\n<cite><br><br><\/cite><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">Profit After Tax<\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>PAT For the year 2023-24 is \u20b910,664 Crores as compared to the overall loss of \u20b91,949 crores in the previous year. PAT shows a wide variation in the ten year period 14-15 to 23-24 reflecting tough market conditions<\/p>\n\n\n<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #f6a192;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 3.13.2<\/span>Net Profits - Non Life Insurance Industry<\/h3><div id=\"Chart_257\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        column_chart(\"Chart_257\", {\"unit\":\"\",\"data\":{\"Profits after tax\":{\"2014-15\":4848,\"2015-16\":3240,\"2016-17\":392,\"2017-18\":6909,\"2018-19\":683,\"2019-20\":-1430,\"2020-21\":-3869,\"2021-22\":-2842,\"2022-23\":3869,\"2023-24\":10664}},\"Title\":\"Net Profits - Non Life Insurance Industry\",\"xTitle\":\"Year\",\"yTitle\":\"\\u20b9 In Crores\",\"xAxisData\":{\"2014-15\":\"2014-15\",\"2015-16\":\"2015-16\",\"2016-17\":\"2016-17\",\"2017-18\":\"2017-18\",\"2018-19\":\"2018-19\",\"2019-20\":\"2019-20\",\"2020-21\":\"2020-21\",\"2021-22\":\"2021-22\",\"2022-23\":\"2022-23\",\"2023-24\":\"2023-24\"},\"colorCodes\":[\"#7e8ac5\"]});\n                    });\n                <\/script>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\">  <em><strong>Source<\/strong>: Council Compilation<\/em> <em>as per source <\/em><br><em>data submitted by companies<\/em> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Profit Before Tax The Non-Life Insurance Industry has generated an operating profit for 2023-24 amounting to \u20b9 9,229 Crores after [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":529,"menu_order":13,"comment_status":"closed","ping_status":"closed","template":"page-templates\/full-width.php","meta":[],"_links":{"self":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/185"}],"collection":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=185"}],"version-history":[{"count":40,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/185\/revisions"}],"predecessor-version":[{"id":4160,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/185\/revisions\/4160"}],"up":[{"embeddable":true,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/529"}],"wp:attachment":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}