Magma General Insurance vs Navi General Insurance: IRDAI Data Comparison
General insurer comparison · Source: IRDAI public disclosures ·How to read this comparison
| Metric | Magma General Insurance | Navi General Insurance | Period |
|---|---|---|---|
| Corporate Agents – Others premium(size) | 3032 ₹ lakh | -44 ₹ lakh | Q1 FY26-27 |
| Brokers policies(size) | 228977 count | 4260 count | Q1 FY26-27 |
| mutual funds(size) | 13827 INR_lakhs | 5122 INR_lakhs | Q1 FY26-27 |
| required solvency margin(size) | 89547 ₹ lakh | 6081 ₹ lakh | Q1 FY26-27 |
| fire incurred claims ratio | 16.1 % | 1.0 % | Q1 FY26-27 |
| personal accident combined ratio | 108.0 % | 38.0 % | Q1 FY26-27 |
| profit before tax(size) | 2 ₹ crore | -4 ₹ crore | Q1 FY26-27 |
| motor TP segment premium(size) | 31080 ₹ lakh | 816 ₹ lakh | Q1 FY26-27 |
| gross direct premium to net worth ratio(size) | 70.00 × | 17.00 × | Q1 FY26-27 |
| personal accident incurred claims ratio | 79.1 % | 8.0 % | Q1 FY26-27 |
| incurred claims ratio | 84.3 % | 92.0 % | Q1 FY26-27 |
| housing & infrastructure(size) | 33.4 % | 28.0 % | Q1 FY26-27 |
| available solvency margin(size) | 164486 ₹ lakh | 17438 ₹ lakh | Q1 FY26-27 |
| engineering incurred claims ratio | 30.5 % | 0.0 % | Q1 FY26-27 |
| liability segment premium(size) | 14 ₹ lakh | 0 ₹ lakh | Q1 FY26-27 |
| other investments(size) | 13971 INR_lakhs | 3703 INR_lakhs | Q1 FY26-27 |
| net worth growth rate(size) | 1.3 % | -2.0 % | Q1 FY26-27 |
| motor tp incurred claims ratio | 78.7 % | 116.0 % | Q1 FY26-27 |
| Corporate Agents – Others policies(size) | 7141 count | -360 count | Q1 FY26-27 |
| infrastructure & housing(size) | 278313 INR_lakhs | 8459 INR_lakhs | Q1 FY26-27 |
| Brokers premium(size) | 70775 ₹ lakh | 576 ₹ lakh | Q1 FY26-27 |
| expense ratio | 34.1 % | 36.0 % | Q1 FY26-27 |
| investment income ratio | 1.8 % | 2.0 % | Q1 FY26-27 |
| fire combined ratio | 79.3 % | 8.0 % | Q1 FY26-27 |
| health segment premium(size) | 29598 ₹ lakh | 4470 ₹ lakh | Q1 FY26-27 |
| underwriting balance ratio | -17.0 % | -29.0 % | Q1 FY26-27 |
| central govt. securities(size) | 22.0 % | 46.0 % | Q1 FY26-27 |
| health incurred claims ratio | 88.9 % | 109.0 % | Q1 FY26-27 |
| profit after tax(size) | 2 ₹ crore | -3 ₹ crore | Q1 FY26-27 |
| workmen's compensation segment premium(size) | 346 ₹ lakh | 0 ₹ lakh | Q1 FY26-27 |
| operating profit ratio | -1.5 % | -6.0 % | Q1 FY26-27 |
| engineering segment premium(size) | 610 ₹ lakh | 0 ₹ lakh | Q1 FY26-27 |
| net commission ratio(size) | 20.9 % | 6.0 % | Q1 FY26-27 |
| marine cargo segment premium(size) | 1354 ₹ lakh | 0 ₹ lakh | Q1 FY26-27 |
| motor od combined ratio | 152.6 % | -692.0 % | Q1 FY26-27 |
| motor tp combined ratio | 115.6 % | 185.0 % | Q1 FY26-27 |
| technical reserves to premium ratio(size) | 8.5 % | 5.3 % | Q1 FY26-27 |
| debentures & bonds(size) | 205814 INR_lakhs | 14678 INR_lakhs | Q1 FY26-27 |
| combined ratio | 118.5 % | 128.0 % | Q1 FY26-27 |
| government securities(size) | 321912 INR_lakhs | 26367 INR_lakhs | Q1 FY26-27 |
| gross npa (amount) | 0 INR_lakhs | 0 INR_lakhs | Q1 FY26-27 |
| net retention ratio(size) | 82.1 % | 93.0 % | Q1 FY26-27 |
| motor OD segment premium(size) | 11489 ₹ lakh | 178 ₹ lakh | Q1 FY26-27 |
| solvency ratio | 1.84 × | 2.87 × | Q1 FY26-27 |
| gross direct premium growth rate(size) | -3.2 % | 66.0 % | Q1 FY26-27 |
| govt + approved securities(size) | 38.6 % | 47.0 % | Q1 FY26-27 |
| net yield (quarterly) | 1.81 % | 2.00 % | Q1 FY26-27 |
| fire segment premium(size) | 7765 ₹ lakh | -15 ₹ lakh | Q1 FY26-27 |
| motor od incurred claims ratio | 107.1 % | -739.0 % | Q1 FY26-27 |
| gross yield (quarterly) | 1.81 % | 2.00 % | Q1 FY26-27 |
| personal accident segment premium(size) | 1247 ₹ lakh | 190 ₹ lakh | Q1 FY26-27 |
| expense ratio to gross premium | 32.7 % | 35.0 % | Q1 FY26-27 |
| claims paid to provisioned ratio(size) | 12.9 % | 36.0 % | Q1 FY26-27 |
| engineering combined ratio | 132.5 % | -38.0 % | Q1 FY26-27 |
| health combined ratio | 114.7 % | 140.0 % | Q1 FY26-27 |
| book value per share(size) | 42.02 ₹ | 6.79 ₹ | Q4 FY25-26 / Q1 FY26-27 |
| net earning ratio | 0.9 % | -6.0 % | Q4 FY25-26 / Q1 FY26-27 |
| net yield (annualized) | 7.81 % | 9.00 % | Q4 FY25-26 |
| gross yield (annualized) | 7.81 % | 9.00 % | Q4 FY25-26 |
| gross written premium(size) | 3334 ₹ crore | 56 ₹ crore | FY24-25 / Q1 FY26-27 |
| claims repudiation ratio | 3.91 % | 17.14 % | FY24-25 |
| claim settlement ratio | 79.7 % | 72.4 % | FY24-25 |
Values shown as reported. This platform does not rate or rank insurers. Source: IRDAI public disclosures.