diff --git a/docs/manager.md b/docs/manager.md
index f5dfe66b..bf9250b1 100644
--- a/docs/manager.md
+++ b/docs/manager.md
@@ -209,7 +209,7 @@ obj = (
 )
 ```
 
-`bulk_insert` uses a single query to insert all specified rows at once.
+`bulk_insert` uses a single query to insert all specified rows at once. It returns a `list` of `dict()` with each `dict()` being a merge of the `dict()` passed in along with any index returned from Postgres.
 
 #### Limitations
 In order to stick to the "everything in one query" principle, various, more advanced usages of `bulk_insert` are impossible. It is not possible to have different rows specify different amounts of columns. The following example does **not work**:
diff --git a/psqlextra/compiler.py b/psqlextra/compiler.py
index e4f87ffa..aeeb8dd2 100644
--- a/psqlextra/compiler.py
+++ b/psqlextra/compiler.py
@@ -48,7 +48,7 @@ def execute_sql(self, return_id=False):
             rows = []
             for sql, params in self.as_sql(return_id):
                 cursor.execute(sql, params)
-                rows.append(cursor.fetchone())
+                rows.extend(cursor.fetchall())
 
         # create a mapping between column names and column value
         return [
diff --git a/psqlextra/manager/manager.py b/psqlextra/manager/manager.py
index aa6f8b19..c88462a1 100644
--- a/psqlextra/manager/manager.py
+++ b/psqlextra/manager/manager.py
@@ -139,7 +139,7 @@ def on_conflict(self, fields: List[Union[str, Tuple[str]]], action, index_predic
 
         return self
 
-    def bulk_insert(self, rows):
+    def bulk_insert(self, rows, return_model=False):
         """Creates multiple new records in the database.
 
         This allows specifying custom conflict behavior using .on_conflict().
@@ -150,16 +150,25 @@ def bulk_insert(self, rows):
                 An array of dictionaries, where each dictionary
                 describes the fields to insert.
 
+            return_model (default: False):
+                If model instances should be returned rather than
+                just dicts.
+
         Returns:
+            A list of either the dicts of the rows inserted, including the pk or
+            the models of the rows inserted with defaults for any fields not specified
         """
 
         if self.conflict_target or self.conflict_action:
             compiler = self._build_insert_compiler(rows)
-            compiler.execute_sql(return_id=True)
-            return
+            objs = compiler.execute_sql(return_id=True)
+            if return_model:
+                return [self.model(**dict(r, **k)) for r, k in zip(rows, objs)]
+            else:
+                return [dict(r, **k) for r, k in zip(rows, objs)]
 
         # no special action required, use the standard Django bulk_create(..)
-        super().bulk_create([self.model(**fields) for fields in rows])
+        return super().bulk_create([self.model(**fields) for fields in rows])
 
     def insert(self, **fields):
         """Creates a new record in the database.
diff --git a/tests/test_on_conflict.py b/tests/test_on_conflict.py
index 3111dd9a..314a42d4 100644
--- a/tests/test_on_conflict.py
+++ b/tests/test_on_conflict.py
@@ -413,3 +413,37 @@ def test_on_conflict_bulk():
 
     for index, obj in enumerate(list(model.objects.all())):
         assert obj.title == rows[index]['title']
+
+def test_bulk_return():
+    """Tests if primary keys are properly returned from 'bulk_insert'
+    """
+
+    model = get_fake_model({
+        'id': models.BigAutoField(primary_key=True),
+        'name': models.CharField(max_length=255, unique=True)
+    })
+
+    rows = [
+        dict(name='John Smith'),
+        dict(name='Jane Doe')
+    ]
+
+    objs = (
+        model.objects
+        .on_conflict(['name'], ConflictAction.UPDATE)
+        .bulk_insert(rows)
+    )
+
+    for index, obj in enumerate(objs, 1):
+        assert obj['id'] == index
+
+    """Add objects again, update should return the same ids
+    as we're just updating."""
+    objs = (
+        model.objects
+        .on_conflict(['name'], ConflictAction.UPDATE)
+        .bulk_insert(rows)
+    )
+
+    for index, obj in enumerate(objs, 1):
+        assert obj['id'] == index