Bajaj Allianz General Insurance vs Magma General Insurance: IRDAI Data Comparison
General insurer comparison · Source: IRDAI public disclosures ·How to read this comparison
| Metric | Bajaj Allianz General Insurance | Magma General Insurance | Period |
|---|---|---|---|
| net worth growth rate(size) | -13.8 % | 1.3 % | Q1 FY26-27 |
| debentures & bonds(size) | 749232 INR_lakhs | 205814 INR_lakhs | Q1 FY26-27 |
| combined ratio | 104.7 % | 118.5 % | Q1 FY26-27 |
| liability segment premium(size) | 2931 ₹ lakh | 14 ₹ lakh | Q1 FY26-27 |
| underwriting balance ratio | -5.0 % | -17.0 % | Q1 FY26-27 |
| MISP (Direct) policies(size) | 127141 count | 780 count | Q1 FY26-27 |
| Web Aggregators policies(size) | 2730 count | 16 count | Q1 FY26-27 |
| Insurance Marketing Firm policies(size) | 5664 count | 392 count | Q1 FY26-27 |
| gross direct premium to net worth ratio(size) | 53.00 × | 70.00 × | Q1 FY26-27 |
| investment income ratio | 2.2 % | 1.8 % | Q1 FY26-27 |
| fire incurred claims ratio | 48.9 % | 16.1 % | Q1 FY26-27 |
| profit before tax(size) | 638 ₹ crore | 2 ₹ crore | Q1 FY26-27 |
| technical reserves to premium ratio(size) | 7.3 % | 8.5 % | Q1 FY26-27 |
| MISP (Direct) premium(size) | 9048 ₹ lakh | 207 ₹ lakh | Q1 FY26-27 |
| central govt. securities(size) | 20.4 % | 22.0 % | Q1 FY26-27 |
| personal accident incurred claims ratio | 51.0 % | 79.1 % | Q1 FY26-27 |
| Brokers policies(size) | 2190021 count | 228977 count | Q1 FY26-27 |
| gross direct premium growth rate(size) | 11.6 % | -3.2 % | Q1 FY26-27 |
| expense ratio to gross premium | 29.5 % | 32.7 % | Q1 FY26-27 |
| health incurred claims ratio | 90.9 % | 88.9 % | Q1 FY26-27 |
| government securities(size) | 1042910 INR_lakhs | 321912 INR_lakhs | Q1 FY26-27 |
| Direct Business – Online premium(size) | 2189 ₹ lakh | 4 ₹ lakh | Q1 FY26-27 |
| workmen's compensation combined ratio | 104.1 % | 120.5 % | Q1 FY26-27 |
| net yield (quarterly) | 1.61 % | 1.81 % | Q1 FY26-27 |
| Direct Business – Others premium(size) | 115687 ₹ lakh | 1592 ₹ lakh | Q1 FY26-27 |
| net earning ratio | 17.8 % | 0.9 % | Q1 FY26-27 / Q4 FY25-26 |
| engineering incurred claims ratio | 56.3 % | 30.5 % | Q1 FY26-27 |
| govt + approved securities(size) | 30.9 % | 38.6 % | Q1 FY26-27 |
| marine cargo incurred claims ratio | 89.7 % | 199.3 % | Q1 FY26-27 |
| health combined ratio | 108.7 % | 114.7 % | Q1 FY26-27 |
| liability combined ratio | 54.6 % | -23.8 % | Q1 FY26-27 |
| motor OD segment premium(size) | 79987 ₹ lakh | 11489 ₹ lakh | Q1 FY26-27 |
| operating profit ratio | 17.8 % | -1.5 % | Q1 FY26-27 |
| motor od incurred claims ratio | 76.6 % | 107.1 % | Q1 FY26-27 |
| npa provision coverage | 0.0 % | 0.0 % | Q1 FY26-27 |
| net retention ratio(size) | 46.4 % | 82.1 % | Q1 FY26-27 |
| Individual Agents policies(size) | 653974 count | 21729 count | Q1 FY26-27 |
| workmen's compensation segment premium(size) | 2548 ₹ lakh | 346 ₹ lakh | Q1 FY26-27 |
| Direct Business – Others policies(size) | 934464 count | 291 count | Q1 FY26-27 |
| health segment premium(size) | 175965 ₹ lakh | 29598 ₹ lakh | Q1 FY26-27 |
| Individual Agents premium(size) | 86223 ₹ lakh | 4814 ₹ lakh | Q1 FY26-27 |
| marine cargo segment premium(size) | 18439 ₹ lakh | 1354 ₹ lakh | Q1 FY26-27 |
| net commission ratio(size) | 8.9 % | 20.9 % | Q1 FY26-27 |
| Insurance Marketing Firm premium(size) | 1433 ₹ lakh | 73 ₹ lakh | Q1 FY26-27 |
| book value per share(size) | 1021.05 ₹ | 42.02 ₹ | Q1 FY26-27 / Q4 FY25-26 |
| personal accident segment premium(size) | 6026 ₹ lakh | 1247 ₹ lakh | Q1 FY26-27 |
| Web Aggregators premium(size) | 34 ₹ lakh | 3 ₹ lakh | Q1 FY26-27 |
| Corporate Agents – Banks policies(size) | 2036111 count | 2 count | Q1 FY26-27 / Q4 FY25-26 |
| engineering segment premium(size) | 18904 ₹ lakh | 610 ₹ lakh | Q1 FY26-27 |
| profit after tax(size) | 478 ₹ crore | 2 ₹ crore | Q1 FY26-27 |
| motor od combined ratio | 122.4 % | 152.6 % | Q1 FY26-27 |
| fire segment premium(size) | 90793 ₹ lakh | 7765 ₹ lakh | Q1 FY26-27 |
| Point of Sales Person (Direct) policies(size) | 322050 count | 25128 count | Q1 FY26-27 |
| Brokers premium(size) | 281025 ₹ lakh | 70775 ₹ lakh | Q1 FY26-27 |
| claims paid to provisioned ratio(size) | 13.6 % | 12.9 % | Q1 FY26-27 |
| personal accident combined ratio | 82.1 % | 108.0 % | Q1 FY26-27 |
| Corporate Agents – Others premium(size) | 11268 ₹ lakh | 3032 ₹ lakh | Q1 FY26-27 |
| solvency ratio | 2.54 × | 1.84 × | Q1 FY26-27 |
| fire combined ratio | 5.3 % | 79.3 % | Q1 FY26-27 |
| motor tp combined ratio | 103.5 % | 115.6 % | Q1 FY26-27 |
| motor tp incurred claims ratio | 51.0 % | 78.7 % | Q1 FY26-27 |
| gross npa ratio | 0.00 % | 0.00 % | Q1 FY26-27 |
| liability incurred claims ratio | 25.7 % | -66.7 % | Q1 FY26-27 |
| expense ratio | 30.4 % | 34.1 % | Q1 FY26-27 |
| gross yield (quarterly) | 2.15 % | 1.81 % | Q1 FY26-27 |
| Corporate Agents – Banks premium(size) | 49617 ₹ lakh | 162 ₹ lakh | Q1 FY26-27 |
| Point of Sales Person (Direct) premium(size) | 20919 ₹ lakh | 6115 ₹ lakh | Q1 FY26-27 |
| Direct Business – Online policies(size) | 32012 count | 36 count | Q1 FY26-27 |
| motor TP segment premium(size) | 106620 ₹ lakh | 31080 ₹ lakh | Q1 FY26-27 |
| engineering combined ratio | 26.7 % | 132.5 % | Q1 FY26-27 |
| marine cargo combined ratio | 123.4 % | 236.6 % | Q1 FY26-27 |
| gross npa (amount) | 0 INR_lakhs | 0 INR_lakhs | Q1 FY26-27 |
| workmen's compensation incurred claims ratio | 67.6 % | 83.3 % | Q1 FY26-27 |
| incurred claims ratio | 74.3 % | 84.3 % | Q1 FY26-27 |
| Corporate Agents – Others policies(size) | 1636367 count | 7141 count | Q1 FY26-27 |
| housing & infrastructure(size) | 29.5 % | 33.4 % | Q1 FY26-27 |
| other investments(size) | 1093056 INR_lakhs | 13971 INR_lakhs | Q1 FY26-27 |
| mutual funds(size) | 21015 INR_lakhs | 13827 INR_lakhs | Q4 FY25-26 / Q1 FY26-27 |
| net yield (annualized) | 6.46 % | 7.81 % | FY25-26 / Q4 FY25-26 |
| gross yield (annualized) | 8.64 % | 7.81 % | FY25-26 / Q4 FY25-26 |
| infrastructure & housing(size) | 27074 INR_lakhs | 278313 INR_lakhs | Q3 FY25-26 / Q1 FY26-27 |
| claim settlement ratio | 87.3 % | 79.7 % | Q2 FY25-26 / FY24-25 |
| gross written premium(size) | 21417 ₹ crore | 3334 ₹ crore | FY25-03 / FY24-25 |
| claims repudiation ratio | 1.79 % | 3.91 % | FY24-25 |
Values shown as reported. This platform does not rate or rank insurers. Source: IRDAI public disclosures.