Bajaj Finserv Limited has released its monthly business update for January 2026, providing detailed performance metrics for its unlisted insurance subsidiaries. The disclosure, made under SEBI regulations, covers the business activities of Bajaj General Insurance Limited and Bajaj Life Insurance Limited, with data submitted to the Insurance Regulatory and Development Authority of India (IRDAI) and respective insurance councils.

Bajaj General Insurance Performance

Bajaj General Insurance Limited demonstrated strong premium collection performance during January 2026. The company's gross direct premium underwritten figures reflect consistent business momentum across its operations.

The gross direct premium figures are reported in accordance with IRDAI Master Circular on Actuarial, Finance and Investment Function of Insurer, 2024 and IRDAI directive dated 18 October 2024.

Bajaj Life Insurance New Business Metrics

Bajaj Life Insurance Limited reported comprehensive new business performance across multiple premium categories for January 2026. The life insurance subsidiary's performance spans individual and group insurance segments with varying premium structures.

Regulatory Compliance and Disclosure

The monthly business update fulfills the company's obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule A of Regulation 8 of SEBI (Prohibition of Insider Trading) Regulations, 2015. The information pertains to the unlisted insurance subsidiaries and has been duly submitted to IRDAI and the General/Life Insurance Councils as applicable.

The company has noted that the disclosed information is provisional and subject to limited review or audit by statutory auditors. This standard disclaimer ensures transparency regarding the preliminary nature of the reported figures while maintaining regulatory compliance standards.

Bajaj Finserv has reported its Q3FY26 consolidated financial results, showing marginal decline in net profit despite strong revenue growth. The financial services company posted consolidated net profit of ₹2,229 crore compared to ₹2,231 crore in Q3FY25, while total income increased by 24% to ₹39,708 crore from ₹32,042 crore in the corresponding quarter of the previous year.

Financial Performance Overview

The company's Q3FY26 results were impacted by one-time charges including accelerated ECL provision of ₹1,406 crore by subsidiary Bajaj Finance and New Labour Codes charge of ₹379 crore. Before these exceptional items, the consolidated profit after tax would have been ₹2,936 crore, representing a 32% increase over Q3FY25.

Subsidiary Performance

Bajaj Finance Limited recorded consolidated profit after tax of ₹3,978 crore in Q3FY26. Before the accelerated ECL provision and New Labour Codes charge, the profit would have been ₹5,227 crore, marking a 23% increase over Q3FY25. The company's Assets Under Management grew 22% to ₹4,84,477 crore as on 31 December 2025.

Bajaj General Insurance reported 12% growth in gross written premium to ₹7,389 crore, with profit after tax of ₹399 crore. The combined ratio improved to 97.9% from 101.1% in Q3FY25, indicating better underwriting performance.

Bajaj Life Insurance achieved 59% growth in Value of New Business (VNB) to ₹405 crore, driven by product restructuring and cost optimization. Gross written premium increased 23% to ₹7,854 crore.

Corporate Developments

On 8 January 2026, Bajaj Finserv completed acquisition of 23% equity stake from Allianz SE in its insurance subsidiaries for ₹939.29 crore. Post-acquisition, the company now holds 75.01% stake in each of Bajaj General Insurance and Bajaj Life Insurance, with the Bajaj Group collectively holding 97% stake.

Nine Months Performance

For the nine months ended 31 December 2025, consolidated total income increased 16% to ₹1,12,562 crore, while profit after tax grew 12% to ₹7,262 crore. Before exceptional items, the nine-month profit would have been ₹7,969 crore, representing 23% growth over the corresponding period.

The Board also approved issuance of 27,36,768 equity shares to Bajaj Finserv ESOP Trust under the employee stock option scheme. The company maintains strong capital adequacy with Bajaj Finance's CRAR at 21.45% and both insurance subsidiaries maintaining solvency ratios well above regulatory requirements.