{
  "metric": {
    "id": "financial.liquid_assets_to_liabilities_ratio",
    "slug": "liquid-assets-to-liabilities",
    "name": "Liquid Assets to Policyholder Liabilities Ratio",
    "metric_short_name": "liquid assets to liabilities ratio",
    "unit": "%",
    "definition": "Liquid assets (cash, short-term deposits, government securities) as a percentage of policyholder liabilities (technical reserves). Measures short-term liquidity — the insurer's ability to meet near-term claim obligations from easily realisable assets without having to sell illiquid investments at a discount.",
    "higher_is_better": true,
    "metric_status": "regulatory_native",
    "regulatory_form": "NL-20",
    "applicable_to": [
      "general",
      "health"
    ]
  },
  "facts": [
    {
      "insurer_id": "new-india-assurance",
      "insurer_name": "New India Assurance",
      "insurer_slug": "new-india-assurance",
      "value": 0.51,
      "unit": "%",
      "reporting_period_label": "Q1 FY26-27",
      "reporting_period_end": "2026-06-30",
      "provenance": {
        "reported_by": "new-india-assurance",
        "regulatory_form": "NL-20-ANALYTICAL-RATIOS",
        "reporting_period": "Q1 FY26-27",
        "source_document": "2026-06-30.pdf",
        "source_url": null,
        "extracted_by": "nonlife_adapter.py v1",
        "last_verified": "2026-09-10",
        "extraction_note": "NL-20 row-format label match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
      "insurer_id": "acko-general",
      "insurer_name": "Acko General Insurance",
      "insurer_slug": "acko-general",
      "value": 27,
      "unit": "%",
      "reporting_period_label": "Q1 FY26-27",
      "reporting_period_end": "2026-06-30",
      "provenance": {
        "reported_by": "acko-general",
        "regulatory_form": "NL-20-ANALYTICAL-RATIOS",
        "reporting_period": "Q1 FY26-27",
        "source_document": "Public_Disclosure_Q1_2026_27_1_a86ea579b6.pdf",
        "source_url": null,
        "extracted_by": "irw_adapter v1",
        "last_verified": "2026-10-31",
        "extraction_note": "NL-20 text-fallback line match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
      "insurer_id": "icici-lombard",
      "insurer_name": "ICICI Lombard General Insurance",
      "insurer_slug": "icici-lombard",
      "value": 0.1,
      "unit": "%",
      "reporting_period_label": "Q1 FY26-27",
      "reporting_period_end": "2026-06-30",
      "provenance": {
        "reported_by": "icici-lombard",
        "regulatory_form": "NL-20-ANALYTICAL-RATIOS",
        "reporting_period": "Q1 FY26-27",
        "source_document": "2026-06-30_nl-20.pdf",
        "source_url": null,
        "extracted_by": "nonlife_adapter.py v1",
        "last_verified": "2026-09-10",
        "extraction_note": "NL-20 row-format label match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
      "insurer_id": "reliance-general",
      "insurer_name": "Reliance General Insurance",
      "insurer_slug": "reliance-general",
      "value": 0.24,
      "unit": "%",
      "reporting_period_label": "Q1 FY26-27",
      "reporting_period_end": "2026-06-30",
      "provenance": {
        "reported_by": "reliance-general",
        "regulatory_form": "NL-20-ANALYTICAL-RATIOS",
        "reporting_period": "Q1 FY26-27",
        "source_document": "2026-06-30_nl20.pdf",
        "source_url": null,
        "extracted_by": "nonlife_adapter.py v1",
        "last_verified": "2026-09-10",
        "extraction_note": "NL-20 row-format label match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
      "insurer_id": "oriental-insurance",
      "insurer_name": "Oriental Insurance Company",
      "insurer_slug": "oriental-insurance",
      "value": 0.12,
      "unit": "%",
      "reporting_period_label": "Q1 FY26-27",
      "reporting_period_end": "2026-06-30",
      "provenance": {
        "reported_by": "oriental-insurance",
        "regulatory_form": "NL-20-ANALYTICAL-RATIOS",
        "reporting_period": "Q1 FY26-27",
        "source_document": "2026-06-30_nl20.pdf",
        "source_url": null,
        "extracted_by": "nonlife_adapter.py v1",
        "last_verified": "2026-09-10",
        "extraction_note": "NL-20 row-format label match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
      "insurer_id": "cholamandalam-ms-general",
      "insurer_name": "Chola MS General Insurance",
      "insurer_slug": "cholamandalam-ms-general",
      "value": 0.17,
      "unit": "%",
      "reporting_period_label": "Q1 FY26-27",
      "reporting_period_end": "2026-06-30",
      "provenance": {
        "reported_by": "cholamandalam-ms-general",
        "regulatory_form": "NL-20-ANALYTICAL-RATIOS",
        "reporting_period": "Q1 FY26-27",
        "source_document": "2026-06-30.pdf",
        "source_url": null,
        "extracted_by": "nonlife_adapter.py v1",
        "last_verified": "2026-09-10",
        "extraction_note": "NL-20 row-format label match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
      "insurer_id": "shriram-general",
      "insurer_name": "Shriram General Insurance",
      "insurer_slug": "shriram-general",
      "value": 4.17,
      "unit": "%",
      "reporting_period_label": "Q1 FY26-27",
      "reporting_period_end": "2026-06-30",
      "provenance": {
        "reported_by": "shriram-general",
        "regulatory_form": "NL-20-ANALYTICAL-RATIOS",
        "reporting_period": "Q1 FY26-27",
        "source_document": "2026-06-30.pdf",
        "source_url": null,
        "extracted_by": "nonlife_adapter.py v1",
        "last_verified": "2026-09-10",
        "extraction_note": "NL-20 row-format label match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
      "insurer_id": "tata-aig",
      "insurer_name": "Tata AIG General Insurance",
      "insurer_slug": "tata-aig",
      "value": 0.2,
      "unit": "%",
      "reporting_period_label": "Q1 FY26-27",
      "reporting_period_end": "2026-06-30",
      "provenance": {
        "reported_by": "tata-aig",
        "regulatory_form": "NL-20-ANALYTICAL-RATIOS",
        "reporting_period": "Q1 FY26-27",
        "source_document": "NL_20_064a4a37b4.pdf",
        "source_url": null,
        "extracted_by": "nonlife_adapter.py v1",
        "last_verified": "2026-09-10",
        "extraction_note": "NL-20 row-format label match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
      "insurer_id": "oriental-insurance",
      "insurer_name": "Oriental Insurance Company",
      "insurer_slug": "oriental-insurance",
      "value": 0.08,
      "unit": "%",
      "reporting_period_label": "Q4 FY25-26",
      "reporting_period_end": "2026-03-31",
      "provenance": {
        "reported_by": "oriental-insurance",
        "regulatory_form": "NL-20-ANALYTICAL-RATIOS",
        "reporting_period": "Q4 FY25-26",
        "source_document": "2026-03-31_nl20.pdf",
        "source_url": null,
        "extracted_by": "nonlife_adapter.py v1",
        "last_verified": "2026-09-10",
        "extraction_note": "NL-20 row-format label match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
      "insurer_id": "acko-general",
      "insurer_name": "Acko General Insurance",
      "insurer_slug": "acko-general",
      "value": 22,
      "unit": "%",
      "reporting_period_label": "Q4 FY25-26",
      "reporting_period_end": "2026-03-31",
      "provenance": {
        "reported_by": "acko-general",
        "regulatory_form": "NL-20-ANALYTICAL-RATIOS",
        "reporting_period": "Q4 FY25-26",
        "source_document": "Public_Disclosure_Q4_2025_26_d11ebbad81.pdf",
        "source_url": null,
        "extracted_by": "irw_adapter v1",
        "last_verified": "2026-11-03",
        "extraction_note": "NL-20 text-fallback line match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
      "insurer_id": "cholamandalam-ms-general",
      "insurer_name": "Chola MS General Insurance",
      "insurer_slug": "cholamandalam-ms-general",
      "value": 0.17,
      "unit": "%",
      "reporting_period_label": "Q4 FY25-26",
      "reporting_period_end": "2026-03-31",
      "provenance": {
        "reported_by": "cholamandalam-ms-general",
        "regulatory_form": "NL-20-ANALYTICAL-RATIOS",
        "reporting_period": "Q4 FY25-26",
        "source_document": "2026-03-31.pdf",
        "source_url": null,
        "extracted_by": "nonlife_adapter.py v1",
        "last_verified": "2026-09-10",
        "extraction_note": "NL-20 row-format label match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
      "insurer_id": "reliance-general",
      "insurer_name": "Reliance General Insurance",
      "insurer_slug": "reliance-general",
      "value": 0.25,
      "unit": "%",
      "reporting_period_label": "Q4 FY25-26",
      "reporting_period_end": "2026-03-31",
      "provenance": {
        "reported_by": "reliance-general",
        "regulatory_form": "NL-20-ANALYTICAL-RATIOS",
        "reporting_period": "Q4 FY25-26",
        "source_document": "2026-03-31_nl20.pdf",
        "source_url": null,
        "extracted_by": "nonlife_adapter.py v1",
        "last_verified": "2026-09-10",
        "extraction_note": "NL-20 row-format label match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
      "insurer_id": "new-india-assurance",
      "insurer_name": "New India Assurance",
      "insurer_slug": "new-india-assurance",
      "value": 0.46,
      "unit": "%",
      "reporting_period_label": "Q4 FY25-26",
      "reporting_period_end": "2026-03-31",
      "provenance": {
        "reported_by": "new-india-assurance",
        "regulatory_form": "NL-20-ANALYTICAL-RATIOS",
        "reporting_period": "Q4 FY25-26",
        "source_document": "2026-03-31.pdf",
        "source_url": null,
        "extracted_by": "nonlife_adapter.py v1",
        "last_verified": "2026-09-10",
        "extraction_note": "NL-20 row-format label match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
      "insurer_id": "icici-lombard",
      "insurer_name": "ICICI Lombard General Insurance",
      "insurer_slug": "icici-lombard",
      "value": 0.16,
      "unit": "%",
      "reporting_period_label": "Q4 FY25-26",
      "reporting_period_end": "2026-03-31",
      "provenance": {
        "reported_by": "icici-lombard",
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        "reporting_period": "Q4 FY25-26",
        "source_document": "2026-03-31_nl-20.pdf",
        "source_url": null,
        "extracted_by": "nonlife_adapter.py v1",
        "last_verified": "2026-09-10",
        "extraction_note": "NL-20 row-format label match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
      "insurer_id": "oriental-insurance",
      "insurer_name": "Oriental Insurance Company",
      "insurer_slug": "oriental-insurance",
      "value": 0.15,
      "unit": "%",
      "reporting_period_label": "Q3 FY25-26",
      "reporting_period_end": "2025-12-31",
      "provenance": {
        "reported_by": "oriental-insurance",
        "regulatory_form": "NL-20-ANALYTICAL-RATIOS",
        "reporting_period": "Q3 FY25-26",
        "source_document": "2025-12-31_nl20.pdf",
        "source_url": null,
        "extracted_by": "nonlife_adapter.py v1",
        "last_verified": "2026-09-10",
        "extraction_note": "NL-20 row-format label match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
      "insurer_id": "acko-general",
      "insurer_name": "Acko General Insurance",
      "insurer_slug": "acko-general",
      "value": 23,
      "unit": "%",
      "reporting_period_label": "Q3 FY25-26",
      "reporting_period_end": "2025-12-31",
      "provenance": {
        "reported_by": "acko-general",
        "regulatory_form": "NL-20-ANALYTICAL-RATIOS",
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        "source_document": "Public_Disclosure_Q3_2025_26_dcc0682a64.pdf",
        "source_url": null,
        "extracted_by": "irw_adapter v1",
        "last_verified": "2026-10-31",
        "extraction_note": "NL-20 text-fallback line match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
      "insurer_id": "cholamandalam-ms-general",
      "insurer_name": "Chola MS General Insurance",
      "insurer_slug": "cholamandalam-ms-general",
      "value": 0.09,
      "unit": "%",
      "reporting_period_label": "Q3 FY25-26",
      "reporting_period_end": "2025-12-31",
      "provenance": {
        "reported_by": "cholamandalam-ms-general",
        "regulatory_form": "NL-20-ANALYTICAL-RATIOS",
        "reporting_period": "Q3 FY25-26",
        "source_document": "2025-12-31.pdf",
        "source_url": null,
        "extracted_by": "nonlife_adapter.py v1",
        "last_verified": "2026-09-10",
        "extraction_note": "NL-20 row-format label match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
      "insurer_id": "reliance-general",
      "insurer_name": "Reliance General Insurance",
      "insurer_slug": "reliance-general",
      "value": 0.18,
      "unit": "%",
      "reporting_period_label": "Q3 FY25-26",
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      "provenance": {
        "reported_by": "reliance-general",
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        "reporting_period": "Q3 FY25-26",
        "source_document": "2025-12-31_nl20.pdf",
        "source_url": null,
        "extracted_by": "nonlife_adapter.py v1",
        "last_verified": "2026-09-10",
        "extraction_note": "NL-20 row-format label match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
      "insurer_id": "new-india-assurance",
      "insurer_name": "New India Assurance",
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      "value": 0.48,
      "unit": "%",
      "reporting_period_label": "Q3 FY25-26",
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      "provenance": {
        "reported_by": "new-india-assurance",
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        "source_document": "2025-12-31.pdf",
        "source_url": null,
        "extracted_by": "nonlife_adapter.py v1",
        "last_verified": "2026-09-10",
        "extraction_note": "NL-20 row-format label match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
      "insurer_id": "icici-lombard",
      "insurer_name": "ICICI Lombard General Insurance",
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      "unit": "%",
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        "reported_by": "icici-lombard",
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        "source_url": null,
        "extracted_by": "nonlife_adapter.py v1",
        "last_verified": "2026-09-10",
        "extraction_note": "NL-20 row-format label match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
      "insurer_id": "icici-lombard",
      "insurer_name": "ICICI Lombard General Insurance",
      "insurer_slug": "icici-lombard",
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      "unit": "%",
      "reporting_period_label": "Q2 FY25-26",
      "reporting_period_end": "2025-09-30",
      "provenance": {
        "reported_by": "icici-lombard",
        "regulatory_form": "NL-20-ANALYTICAL-RATIOS",
        "reporting_period": "Q2 FY25-26",
        "source_document": "2025-09-30_nl-20.pdf",
        "source_url": null,
        "extracted_by": "nonlife_adapter.py v1",
        "last_verified": "2026-09-10",
        "extraction_note": "NL-20 row-format label match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
      "insurer_id": "new-india-assurance",
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        "reported_by": "new-india-assurance",
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        "reporting_period": "Q2 FY25-26",
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        "source_url": null,
        "extracted_by": "nonlife_adapter.py v1",
        "last_verified": "2026-09-10",
        "extraction_note": "NL-20 row-format label match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
      "insurer_id": "reliance-general",
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      "unit": "%",
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      "provenance": {
        "reported_by": "reliance-general",
        "regulatory_form": "NL-20-ANALYTICAL-RATIOS",
        "reporting_period": "Q2 FY25-26",
        "source_document": "2025-09-30_nl20.pdf",
        "source_url": null,
        "extracted_by": "nonlife_adapter.py v1",
        "last_verified": "2026-09-10",
        "extraction_note": "NL-20 row-format label match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
      "insurer_id": "cholamandalam-ms-general",
      "insurer_name": "Chola MS General Insurance",
      "insurer_slug": "cholamandalam-ms-general",
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      "unit": "%",
      "reporting_period_label": "Q2 FY25-26",
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        "reported_by": "cholamandalam-ms-general",
        "regulatory_form": "NL-20-ANALYTICAL-RATIOS",
        "reporting_period": "Q2 FY25-26",
        "source_document": "2025-09-30.pdf",
        "source_url": null,
        "extracted_by": "nonlife_adapter.py v1",
        "last_verified": "2026-09-10",
        "extraction_note": "NL-20 row-format label match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
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      "unit": "%",
      "reporting_period_label": "Q2 FY25-26",
      "reporting_period_end": "2025-09-30",
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        "reported_by": "oriental-insurance",
        "regulatory_form": "NL-20-ANALYTICAL-RATIOS",
        "reporting_period": "Q2 FY25-26",
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        "source_url": null,
        "extracted_by": "nonlife_adapter.py v1",
        "last_verified": "2026-09-10",
        "extraction_note": "NL-20 row-format label match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
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      "unit": "%",
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      "provenance": {
        "reported_by": "acko-general",
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        "reporting_period": "Q2 FY25-26",
        "source_document": "Public_Disclosure_Q2_2025_26_e4d63b4702.pdf",
        "source_url": null,
        "extracted_by": "irw_adapter v1",
        "last_verified": "2026-10-31",
        "extraction_note": "NL-20 text-fallback line match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
      "insurer_id": "icici-lombard",
      "insurer_name": "ICICI Lombard General Insurance",
      "insurer_slug": "icici-lombard",
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      "unit": "%",
      "reporting_period_label": "Q1 FY25-26",
      "reporting_period_end": "2025-06-30",
      "provenance": {
        "reported_by": "icici-lombard",
        "regulatory_form": "NL-20-ANALYTICAL-RATIOS",
        "reporting_period": "Q1 FY25-26",
        "source_document": "2025-06-30_nl-20.pdf",
        "source_url": null,
        "extracted_by": "nonlife_adapter.py v1",
        "last_verified": "2026-09-10",
        "extraction_note": "NL-20 row-format label match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
      "insurer_id": "acko-general",
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      "unit": "%",
      "reporting_period_label": "Q1 FY25-26",
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      "provenance": {
        "reported_by": "acko-general",
        "regulatory_form": "NL-20-ANALYTICAL-RATIOS",
        "reporting_period": "Q1 FY25-26",
        "source_document": "Public_Disclosure_Q1_2025_26_88410d1158.pdf",
        "source_url": null,
        "extracted_by": "irw_adapter v1",
        "last_verified": "2026-10-31",
        "extraction_note": "NL-20 text-fallback line match: liquid_assets_ratio",
        "source_page": null
      }
    },
    {
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  "meta": {
    "generated_at": "2026-11-15",
    "source": "IRDAI public disclosures",
    "api_version": "v1",
    "licence": "Facts derived from IRDAI public disclosure data. Republication with attribution permitted subject to applicable Indian law."
  }
}