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Generali Central Insurance (formerly Future Generali) vs Magma General Insurance: IRDAI Data Comparison

General insurer comparison · Source: IRDAI public disclosures ·How to read this comparison

MetricGenerali Central Insurance (formerly Future Generali)Magma General InsurancePeriod
profit before tax(size)-112 ₹ crore2 ₹ croreQ1 FY26-27
engineering combined ratio205.0 %132.5 %Q1 FY26-27
underwriting balance ratio-29.5 %-17.0 %Q1 FY26-27
Individual Agents policies(size)82090 count21729 countQ1 FY26-27
liability incurred claims ratio-5.0 %-66.7 %Q1 FY26-27
Corporate Agents – Others premium(size)3454 ₹ lakh3032 ₹ lakhQ1 FY26-27
fire segment premium(size)15519 ₹ lakh7765 ₹ lakhQ1 FY26-27
engineering segment premium(size)3438 ₹ lakh610 ₹ lakhQ1 FY26-27
profit after tax(size)-84 ₹ crore2 ₹ croreQ1 FY26-27
net commission ratio(size)21.2 %20.9 %Q1 FY26-27
health combined ratio103.0 %114.7 %Q1 FY26-27
workmen's compensation incurred claims ratio135.0 %83.3 %Q1 FY26-27
fire incurred claims ratio137.0 %16.1 %Q1 FY26-27
gross direct premium to net worth ratio(size)78.90 ×70.00 ×Q1 FY26-27
government securities(size)386901 INR_lakhs321912 INR_lakhsQ1 FY26-27
central govt. securities(size)24.3 %22.0 %Q1 FY26-27
combined ratio127.9 %118.5 %Q1 FY26-27
net worth growth rate(size)-6.8 %1.3 %Q1 FY26-27
Web Aggregators premium(size)15 ₹ lakh3 ₹ lakhQ1 FY26-27
investment income ratio1.9 %1.8 %Q1 FY26-27
Brokers premium(size)70748 ₹ lakh70775 ₹ lakhQ1 FY26-27
debentures & bonds(size)191956 INR_lakhs205814 INR_lakhsQ1 FY26-27
liability combined ratio26.0 %-23.8 %Q1 FY26-27
Point of Sales Person (Direct) policies(size)39965 count25128 countQ1 FY26-27
workmen's compensation combined ratio173.0 %120.5 %Q1 FY26-27
claims paid to provisioned ratio(size)12.3 %12.9 %Q1 FY26-27
Corporate Agents – Banks policies(size)188536 count2 countQ1 FY26-27 / Q4 FY25-26
motor tp combined ratio121.0 %115.6 %Q1 FY26-27
motor od incurred claims ratio89.0 %107.1 %Q1 FY26-27
technical reserves to premium ratio(size)695.3 %8.5 %Q1 FY26-27
marine cargo incurred claims ratio156.0 %199.3 %Q1 FY26-27
operating profit ratio-14.7 %-1.5 %Q1 FY26-27
motor od combined ratio132.0 %152.6 %Q1 FY26-27
Insurance Marketing Firm premium(size)892 ₹ lakh73 ₹ lakhQ1 FY26-27
Point of Sales Person (Direct) premium(size)5371 ₹ lakh6115 ₹ lakhQ1 FY26-27
Brokers policies(size)204212 count228977 countQ1 FY26-27
net retention ratio(size)72.6 %82.1 %Q1 FY26-27
expense ratio to gross premium29.5 %32.7 %Q1 FY26-27
gross direct premium growth rate(size)-4.5 %-3.2 %Q1 FY26-27
Corporate Agents – Others policies(size)24555 count7141 countQ1 FY26-27
expense ratio40.2 %34.1 %Q1 FY26-27
liability segment premium(size)1119 ₹ lakh14 ₹ lakhQ1 FY26-27
personal accident combined ratio116.0 %108.0 %Q1 FY26-27
MISP (Direct) premium(size)571 ₹ lakh207 ₹ lakhQ1 FY26-27
other investments(size)19050 INR_lakhs13971 INR_lakhsQ1 FY26-27
net yield (quarterly)1.38 %1.81 %Q1 FY26-27
npa provision coverage100.0 %0.0 %Q1 FY26-27
infrastructure & housing(size)197862 INR_lakhs278313 INR_lakhsQ1 FY26-27
personal accident incurred claims ratio90.0 %79.1 %Q1 FY26-27
Corporate Agents – Banks premium(size)8421 ₹ lakh162 ₹ lakhQ1 FY26-27
Insurance Marketing Firm policies(size)10969 count392 countQ1 FY26-27
housing & infrastructure(size)24.1 %33.4 %Q1 FY26-27
gross npa (amount)1831 INR_lakhs0 INR_lakhsQ1 FY26-27
motor TP segment premium(size)19610 ₹ lakh31080 ₹ lakhQ1 FY26-27
motor OD segment premium(size)24921 ₹ lakh11489 ₹ lakhQ1 FY26-27
health segment premium(size)33875 ₹ lakh29598 ₹ lakhQ1 FY26-27
engineering incurred claims ratio116.0 %30.5 %Q1 FY26-27
motor tp incurred claims ratio82.0 %78.7 %Q1 FY26-27
health incurred claims ratio71.0 %88.9 %Q1 FY26-27
MISP (Direct) policies(size)2511 count780 countQ1 FY26-27
gross yield (quarterly)1.84 %1.81 %Q1 FY26-27
Individual Agents premium(size)16592 ₹ lakh4814 ₹ lakhQ1 FY26-27
fire combined ratio186.0 %79.3 %Q1 FY26-27
Web Aggregators policies(size)117 count16 countQ1 FY26-27
workmen's compensation segment premium(size)890 ₹ lakh346 ₹ lakhQ1 FY26-27
marine cargo segment premium(size)5649 ₹ lakh1354 ₹ lakhQ1 FY26-27
marine cargo combined ratio193.0 %236.6 %Q1 FY26-27
incurred claims ratio90.1 %84.3 %Q1 FY26-27
personal accident segment premium(size)6133 ₹ lakh1247 ₹ lakhQ1 FY26-27
govt + approved securities(size)47.2 %38.6 %Q1 FY26-27
book value per share(size)10.91 ₹42.02 ₹Q4 FY25-26
net earning ratio0.8 %0.9 %Q4 FY25-26
gross yield (annualized)7.53 %7.81 %FY25-26 / Q4 FY25-26
net yield (annualized)5.80 %7.81 %FY25-26 / Q4 FY25-26
Direct Business – Online premium(size)19042 ₹ lakh4 ₹ lakhQ3 FY25-26 / Q1 FY26-27
Direct Business – Online policies(size)28218 count36 countQ3 FY25-26 / Q1 FY26-27
gross npa ratio0.23 %0.00 %Q1 FY25-26 / Q1 FY26-27
claim settlement ratio88.2 %79.7 %FY24-25
available solvency margin(size)189596 ₹ lakh164486 ₹ lakhQ4 FY24-25 / Q1 FY26-27
required solvency margin(size)96499 ₹ lakh89547 ₹ lakhQ4 FY24-25 / Q1 FY26-27
solvency ratio1.96 ×1.84 ×Q4 FY24-25 / Q1 FY26-27
claims repudiation ratio3.12 %3.91 %FY24-25
gross written premium(size)1458 ₹ crore3334 ₹ croreQ1 FY24-25 / FY24-25

Values shown as reported. This platform does not rate or rank insurers. Source: IRDAI public disclosures.

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Generali Central Insurance (formerly Future Generali)
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Magma General Insurance
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