Colours
Green, amber, red: best, middle and weakest third of the insurers shown; a ringed cell is the best, a dashed ring the weakestBlue shading (no verdict): darker means a higher valueA dash means the insurer has not published that figure in a form we can read reliably (reasons are listed under Notes, below); it is left out of the ranking
How it is calculated
Premium, policies, line-of-business mix and headline ratios. Premium, growth, line mix and headline ratios, one row per insurer, same quarter for everyone. Forms used: NL-35 · NL-36 · NL-4 · NL-20. Amounts are in ₹ crore.
- Gross premium
- Premium written before reinsurance. Shown in ₹ crore (1 crore = 100 lakh); the source forms print ₹ lakh.
- Retention
- Net premium divided by gross premium. A low figure means the insurer passes a large share of risk to reinsurers.
- Claims ratio
- Claims incurred as a share of premium earned. Health and motor books usually run higher than property.
- Combined ratio
- Claims plus expenses against premium. Under 100% is an underwriting profit; over 100% means the insurer relies on investment income.
- Why one quarter looks different
- Quarter ratios swing with seasonality and crop or large-loss events. Compare insurers only for the same period, as this page does.
Source: insurers’ own IRDAI public disclosures (NL forms). Only insurers with the forms needed for each page are shown. Insurers are never compared across different periods. Not affiliated with IRDAI. The source document is the official record.
Source: insurers’ public disclosures (IRDAI NL forms), latest quarter shown for each insurer. Figures as published by insurers; may differ from audited accounts.