PNB Metlife India Insurance Company Limited (PNB Metlife) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
PNB Metlife India Insurance Company Limited

PNB MetLife India Insurance Company Limited Standalone Balance Sheet (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Shareholder’s Fund
Share Capital	2,01,288	2,01,288
Reserves and Surplus	4,805	670
Fair value change account	-190	-
Borrowings	40,000	40,000
Policyholder’s Fund
Credit/(Debit) Fair value change account	54,788	54,024
Policy liabilities	39,16,266	34,08,629
Funds for discontinued policies - Discontinued on account of non- payment of premium	1,32,981	1,24,175
Provision for linked liabilities	10,78,863	9,55,184
Funds for future appropriations
Linked	1,145	-
Non-linked (par)	74,619	-
Total	55,04,565	48,58,328
Application of Funds
Investments-Shareholders	2,33,629	1,97,791
Investments-Policyholders	39,73,876	34,94,242
Assets held to cover linked liabilities	12,11,844	10,79,358
Loans	35,887	28,886
Fixed Assets	12,059	11,404
Cash and Bank Balances	22,888	21,732
Advances and Other Assets	1,69,517	1,53,625
Sub Total	1,92,405	1,75,357
Current Liabilities	1,41,575	1,44,821
Provisions	13,561	12,276
Sub Total	1,55,135	1,57,097
Net Current Assets	37,270	18,260
Debit balance in profit and loss account (Shareholders ' Account)	-	28,386
Total	55,04,565	48,58,328

PNB MetLife India Insurance Company Limited Standalone Profit and Loss Statement (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Amount transferred from the Policyholders’ Account (Technical Account)	46,620	23,769
Income from Investments
Interest, Dividend & Rent-Gross	15,561	13,618
Profit on sale/redemption of Investments	95	759
Loss on sale/redemption of Investments	-44	-
Amortization of Premium/ Discount on Investments	445	353
Total	62,676	38,499
Expenses other than those directly related to the insurance business	807	1,323
Contribution to Policyholders ' Account- Towards remuneration of MD/CEO/WTD/Other KMPs	264	600
Interest on non-convertible debentures	3,239	3,257
Expenses towards CSR activities	230	111
Amount Transferred to Policyholders ' Account	25,601	4,291
Total	30,142	9,581
Profit / (Loss) before tax	32,535	28,918
Provision for taxation	-	1,353
Profit / (Loss) after tax	32,535	27,566
Appropriations
Balance at beginning of the year	-28,386	-55,952
Profit / (Loss) carried forward to balance sheet	4,149	-28,386
Earning Per Share (EPS)
Basic	1.62	1.37
Diluted	1.62	1.37

PNB MetLife India Insurance Company Limited Standalone Cash Flow Statement (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Cash Flows from Operating Activities
Premium received from policyholders, including advance receipts	11,98,558	9,89,271
Other Receipts	4,278	3,028
Payments to the re-insurers, net of commissions and claims	-5,969	-10,883
Payments of Claims	-6,00,848	-4,87,938
Payments of Commission and Brokerage	-73,549	-62,145
Payments of Other Operating Expenses	-1,58,984	-1,62,324
Deposits, advances and staff loans	-3,714	-2,217
Income Taxes Paid (Net)	-5,899	-2,937
Goods & Services tax paid	-28,347	-25,893
Cash flows before Extraordinary Items	3,25,527	2,37,962
Net Cash Flow from Operating Activity	3,25,527	2,37,962
Cash Flows from Investing Activities
Purchase of Fixed Assets	-3,558	-5,886
Proceeds from sale of Fixed Assets	50	956
Purchases of Investments	-17,48,983	-19,22,855
Loans disbursed	-7,221	-5,948
Sales of Investments	11,72,726	13,98,814
Rent/Interest/Dividends Received	3,01,455	2,59,688
Investments in money market instruments and in liquid mutual funds (Net)	-29,990	39,899
Net Cash Flow from Investing Activity	-3,15,522	-2,35,331
Cash Flows from Financing Activities
Interest/Dividends Paid	-3,248	-3,248
Net Cash Flow from Financing Activity	-3,248	-3,248
Net Increase in Cash and Cash Equivalents	6,757	-617
Cash and Cash Equivalents at beginning of the year	12,238	12,855
Cash and Cash Equivalents at the end of the year	18,995	12,238

Here is a summary of the Cash Flow Statement for the years 2025 and 2024:

Operating Activity

The company generated a net operating cash inflow of ₹3,25,527 lakhs in FY 2024–25, up from ₹2,37,962 lakhs in FY 2023–24. This increase was primarily driven by higher premium collections (₹11,98,558 lakhs vs. ₹9,89,271 lakhs) and other receipts, reflecting robust business growth. However, outflows also rose, particularly in claims paid (₹60,048 lakhs) and commission expenses (₹73,549 lakhs), indicative of rising policy servicing costs.

Investing Activity

Investing activities resulted in a net outflow of ₹3,15,522 lakhs, compared to ₹2,35,331 lakhs in the previous year. Major outflows included purchase of investments (₹17,48,983 lakhs) and disbursal of loans. Despite substantial investment sales (₹11,72,736 lakhs) and dividend income (₹3,01,455 lakhs), higher net investment in money market instruments (₹29,990 lakhs) led to increased net outflows.

Financing Activity

The company reported a net cash outflow of ₹3,248 lakhs from financing activities in both years, mainly due to interest/dividend payouts. There were no new borrowings or share capital issuance, indicating a conservative financing approach.

Net Movement in Cash and Cash Equivalent

Despite strong operating cash flow, high investment activity led to net cash increase of only ₹6,757 lakhs in FY 2024–25 (vs. a decrease of ₹617 lakhs in FY 2023–24). The closing cash and cash equivalents stood at ₹18,995 lakhs, up from ₹12,238 lakhs, ensuring adequate liquidity cushion.

Financial Ratios of PNB MetLife India Insurance Company Limited

Particulars	2025	2024
Solvency Ratio	172%	171%
Debt Equity Ratio	19.49%	23.13%
Debt Service Coverage Ratio	1104%	988%
Interest Service Coverage Ratio	1104%	988%

Here is a summary of the financial ratios for PNB MetLife India Insurance Company Limited for the year 2025 and 2024:

Solvency Ratio (172% in 2025 vs. 171% in 2024):

The company maintains a strong solvency position, well above the regulatory minimum, indicating its solid ability to meet long-term obligations. The slight improvement reflects enhanced capital strength.

Debt-Equity Ratio (19.49% in 2025 vs. 23.13% in 2024):

A decline in this ratio indicates reduced financial leverage, suggesting the company is relying less on debt and is more equity-funded, which enhances financial stability.

Debt Service Coverage Ratio (1104% in 2025 vs. 988% in 2024):

This very high ratio shows the company generates sufficient earnings to comfortably cover its debt obligations. The improvement further reflects better debt repayment capacity.

Interest Service Coverage Ratio (1104% in 2025 vs. 988% in 2024):

Similar to DSCR, the high ISCR indicates strong earnings relative to interest expense, ensuring the company can easily meet its interest obligations.

PNB Metlife Annual Reports, Balance Sheet and Financials