During FY21, company has seen huge growth in its revenue. It delivered a new business premium of Rs.1,996 Cr with a growth of around 12%, while total premium of Rs.6032 Cr led by multi-channel distribution architecture. The growth was led by increased demand of life insurance after the pandemic, as people are understanding its importance. The growth was broad-based across channels, especially key Bancassurance and proprietary channels which delivered a strong performance. 

Profit of the company has seen a rise, owe to increase in no. of policies sold, while expenses of the company has also increased due to transition from “phygital” to an entirely online model across full customer journey from digital buying and onboarding to servicing customers, and with the increase in no. of customers commission expense also increased, also due to high no. of covid cases, claims made by customers rose. But overall profitability of the company is getting better year on year. In FY20 company saw a fall due to increase in unemployment owing to pandemic as a result people were avoiding expenses.

Company's EPS has increased this year due to increase in its earning owing to awareness spread among consumers amidst covid pandemic. In FY20 company saw a fall in EPS owing to lack of awareness about necessity of life insurance and people were also avoiding expenses due to increasing unemployment. But as the situation is getting better we can see a growth in earnings, and after the death rate we saw during covid this growth may continue.

Major reason for little fluctuation in book value of the company is change in fair value of items due to some unrealized income or loss. This year it has seen a slight increase owing to increase in its revaluation reserve.

In FY21 EBITDA of the company has increased by 23.18%. The biggest reason for this growth was pandemic. It has led to individuals increasingly opting to purchase all-encompassing life covers. Even the Government has increased its focus on offering innovative life cover products.

One of the reason for increase in operating profit of the company is increase premium generation and wide network of the company. Even to widen distribution access, company onboarded over 60 new partners. Despite the increased investments towards this, they have maintained their operating expense. They also had a well-entrenched network of 5,986 Insurance Managers and 9,286 exclusive agents during FY 2020-21, providing a powerful avenue for reaching out to customers. Overall, company's operating expense ratio reduced from 20.8% in FY 2017-18 to 17.0% in FY 2020-21.

Assets of the company are continuously increasing due to increase in long term investments, as the market was down during covid and company utilized this opportunity by increasing investments in equity and mutual funds. In FY21 company increased its provision for doubtful recoveries, as last year, there was an increase in bad debts due to shortage of money with households.

Also due to the pandemic company transitioned from “phygital” to an entirely online model which further led to increase in its assets while cash balance with the company has reduced due to reduction in current account balance.

Cash flow of the company is continuously increasing due to increase in premium received. In FY21 company has also seen rise in claims and commission expenses, but still its earnings effectively compensated it.