Join our Whatsapp Community for Daily Price Sheets and News

Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares

Annual Report: 2023

Year: 2023

Annual Report Summary

Care Health Insurance Limited - Public Disclosures for the Financial Year 2022-2023 Summary:

This document contains the public disclosures for Care Health Insurance Limited for the financial year 2022-2023, including financial statements such as the Revenue Account, Profit and Loss Account, and Balance Sheet, along with various schedules providing detailed breakdowns of key financial figures.

Financial Performance & Position (Year Ended March 31, 2023):

  • Premiums and Revenue: Net premiums earned were ₹393.204 Lakhs for the year, with total revenue (A) amounting to ₹452,532 Lakhs.
  • Claims and Expenses: Net claims incurred totaled ₹211,618 Lakhs, while operating expenses related to insurance business were ₹132,271 Lakhs, resulting in a total expense (B) of ₹388,160 Lakhs.
  • Operating Profit: The operating profit (C = A - B) was ₹64,372 Lakhs.
  • Profit and Loss Account: The operating profit/loss from the revenue account was ₹64,372 Lakhs. Income from investments contributed ₹10,187 Lakhs. Total income (A) was ₹74,878 Lakhs.
  • Expenses: Other expenses totaled ₹42,082 Lakhs.
  • Profit After Tax: Profit/(Loss) After Tax ₹24,584 Lakhs.
  • Balance Sheet: Share Capital was ₹94,223 Lakhs. Reserves and Surplus totaled ₹80,694 Lakhs. Total Borrowings are not given, which gives a total of ₹174,351 Lakhs as the Total. Investments - Shareholders were ₹192,116 Lakhs, and Investments - Policyholders were ₹315,513 Lakhs.

Key Financial Ratios & Metrics:

  • The document includes various analytical ratios. As mentioned below
  • Operating Profit Ratio: 0.09%
  • Return on net worth ratio: 0.06%
  • Available Solvency margin Ratio to Required Solvency Margin Ratio: 1.82%
  • Book value per share: 18.56

Shareholding Pattern:

  • Promoters: The number of shares held by promoters was 817,731,392 representing 86.8% of the holding.
  • Others: The number of shares held by others was 124,499,218 representing 13.2% of the holding.

Detailed Schedules:

  • Premium Schedule (NL-4): Gross direct premium was ₹469,764 Lakhs. Net earned premium was ₹393,204 Lakhs.
  • Claims Schedule (NL-5): Net incurred claims were ₹211,618 Lakhs.
  • Commission Schedule (NL-6): Net commission expense was ₹44,271 Lakhs.
  • Operating Expenses Schedule (NL-7): Total operating expenses related to insurance business were ₹132,271 Lakhs. Employee remuneration and welfare benefits constituted a significant portion (₹72,960 Lakhs).
  • Share Capital Schedule (NL-8): Authorised Capital amounted to ₹130,000 Lakhs, with Issued, Subscribed and Called-up Capital standing at ₹94,223 Lakhs.
  • Reserves and Surplus Schedule (NL-10): Share Premium was ₹37,692 Lakhs, with General Reserves at ₹26,468 Lakhs, and Balance of Profit in Profit & Loss Account ₹16,401 Lakhs.
  • Borrowings Schedule (NL-11): There were no entries for borrowings.
  • Investment Schedule (NL-12 & 12A): The total of Investments for shareholders was ₹192,116 Lakhs and ₹315,513 Lakhs for policyholders.
  • Provisions Schedule (NL-18): Reserve for Unexpired Risk was ₹217,570 Lakhs.
  • Cash and Bank Balance Schedule (NL-15): Cash and Bank Balances totaled ₹9,981 Lakhs.

Solvency Margin:

  • Total Admissible assets for Solvency (excl. current liabilities and provisions) were ₹544,108 Lakhs. The statement of liabilities included a Reserve for Unexpired Premium of ₹217,570 Lakhs and a total Reserve for Technical Liabilities of ₹280,522 Lakhs.
  • The Solvency Ratio was 1.82.

Products Information:

  • The document lists Care Advantage, Instant Care and Protect Plus as products that were introduced during the quarter.

Other Disclosures:

  • The document includes disclosures related to related party transactions, including transactions with Religare Enterprises Limited.
  • Geographical distribution of business, providing a breakdown of gross direct premium underwritten by state and union territory is included in the document.
  • More information about board of directors and their designation were provided
  • Information related to number of complaints made by the customers and Intermediaries were disclosed.

The public disclosures provide a comprehensive overview of Care Health Insurance Limited's financial performance, solvency position, and operational activities for the financial year 2022-2023.

Related Articles

Our blog provides insightful information about unlisted shares, offering a deeper understanding of how these assets work, their potential benefits, and the risks involved. Whether you're new to unlisted shares or looking to expand your knowledge, we cover topics such as investment strategies, valuation methods, market trends, and regulatory aspects. Stay updated with expert tips and guides to navigate the unlisted share market effectively.

FAQ's

What are unlisted shares?

+

Unlisted shares are stocks of companies that are not listed on any stock exchange, meaning they are not publicly traded. These shares are typically available for trade in the private market through brokers, and can offer unique investment opportunities.

How can I buy unlisted shares?

+

You can buy unlisted shares through a broker or platform that specializes in unlisted share transactions. We provide a secure and easy way to purchase unlisted shares from top companies, ensuring a smooth transaction process.

What is the share price of unlisted companies?

+

The share prices of unlisted companies can fluctuate based on various factors like market demand, company performance, and private transactions. You can check the latest share prices for unlisted companies on our website for real-time updates.

Are unlisted shares a good investment?

+

Unlisted shares can offer higher growth potential, as they are typically not subject to the same market volatility as listed shares. However, they come with higher risk due to limited liquidity and availability of information. It's important to research thoroughly and consult experts before investing.

How can I sell unlisted shares?

+

To sell unlisted shares, you can connect with a broker or platform that facilitates the sale of private stocks. We help investors buy and sell unlisted shares with ease, ensuring that your transaction is handled professionally and securely.

What are the risks of investing in unlisted shares?

+

Yes, unlisted shares can eventually be listed on a stock exchange through an Initial Public Offering (IPO). This process allows the company to offer its shares publicly and be traded on major exchanges, potentially increasing liquidity and visibility.

What is the share price of unlisted companies?

+

Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.

How do I know the current value of unlisted shares?

+

The value of unlisted shares is typically determined by private transactions, financial reports, and market demand. We provide the latest updates on share prices of unlisted companies, giving you the most accurate valuation available.

Is there a minimum investment amount for unlisted shares?

+

The minimum investment for unlisted shares can vary depending on the company and broker. Generally, the minimum investment is higher than for listed stocks, but we provide detailed information to help you make the best investment decisions.

Can I get a dividend from unlisted shares?

+

Yes, unlisted shares may pay dividends if the company has declared them. However, since these companies may be in their growth stage, dividend payments are not always guaranteed. It's important to check the company's financial health before investing.

How do I know which unlisted shares are worth investing in?

+

It's important to conduct thorough research on the company's financials, management, market potential, and overall business model. You can also seek professional advice from experts to help you choose unlisted shares with strong growth prospects.

Are unlisted shares taxed?

+

Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.

WhatsAppContact Us