Magma General Insurance vs New India Assurance: IRDAI Data Comparison
General insurer comparison · Source: IRDAI public disclosures ·How to read this comparison
| Metric | Magma General Insurance | New India Assurance | Period |
|---|---|---|---|
| Corporate Agents – Others premium(size) | 3032 ₹ lakh | 3499 ₹ lakh | Q1 FY26-27 |
| MISP (Direct) premium(size) | 207 ₹ lakh | 94638 ₹ lakh | Q1 FY26-27 |
| Brokers policies(size) | 228977 count | 742805 count | Q1 FY26-27 |
| mutual funds(size) | 13827 INR_lakhs | 130140 INR_lakhs | Q1 FY26-27 |
| required solvency margin(size) | 89547 ₹ lakh | 1193232 ₹ lakh | Q1 FY26-27 |
| fire incurred claims ratio | 16.1 % | 31.7 % | Q1 FY26-27 |
| personal accident combined ratio | 108.0 % | 134.6 % | Q1 FY26-27 |
| profit before tax(size) | 2 ₹ crore | -191 ₹ crore | Q1 FY26-27 |
| motor TP segment premium(size) | 31080 ₹ lakh | 155831 ₹ lakh | Q1 FY26-27 |
| gross direct premium to net worth ratio(size) | 70.00 × | 0.57 × | Q1 FY26-27 |
| personal accident incurred claims ratio | 79.1 % | 127.3 % | Q1 FY26-27 |
| incurred claims ratio | 84.3 % | 103.4 % | Q1 FY26-27 |
| housing & infrastructure(size) | 33.4 % | 23.6 % | Q1 FY26-27 |
| liability combined ratio | -23.8 % | 31.0 % | Q1 FY26-27 |
| available solvency margin(size) | 164486 ₹ lakh | 2149470 ₹ lakh | Q1 FY26-27 |
| engineering incurred claims ratio | 30.5 % | 98.0 % | Q1 FY26-27 |
| liability segment premium(size) | 14 ₹ lakh | 7176 ₹ lakh | Q1 FY26-27 |
| other investments(size) | 13971 INR_lakhs | 75637 INR_lakhs | Q1 FY26-27 |
| net worth growth rate(size) | 1.3 % | 5.0 % | Q1 FY26-27 |
| motor tp incurred claims ratio | 78.7 % | 122.2 % | Q1 FY26-27 |
| Corporate Agents – Others policies(size) | 7141 count | 32892 count | Q1 FY26-27 |
| infrastructure & housing(size) | 278313 INR_lakhs | 1593081 INR_lakhs | Q1 FY26-27 |
| Brokers premium(size) | 70775 ₹ lakh | 489456 ₹ lakh | Q1 FY26-27 |
| expense ratio | 34.1 % | 18.1 % | Q1 FY26-27 |
| Insurance Marketing Firm policies(size) | 392 count | 8829 count | Q1 FY26-27 |
| investment income ratio | 1.8 % | 2.1 % | Q1 FY26-27 |
| fire combined ratio | 79.3 % | 48.9 % | Q1 FY26-27 |
| health segment premium(size) | 29598 ₹ lakh | 661654 ₹ lakh | Q1 FY26-27 |
| underwriting balance ratio | -17.0 % | -0.2 % | Q1 FY26-27 |
| workmen's compensation incurred claims ratio | 83.3 % | 34.6 % | Q1 FY26-27 |
| central govt. securities(size) | 22.0 % | 26.6 % | Q1 FY26-27 |
| health incurred claims ratio | 88.9 % | 107.7 % | Q1 FY26-27 |
| profit after tax(size) | 2 ₹ crore | -257 ₹ crore | Q1 FY26-27 |
| workmen's compensation segment premium(size) | 346 ₹ lakh | 6132 ₹ lakh | Q1 FY26-27 |
| gross npa ratio | 0.00 % | 0.00 % | Q1 FY26-27 |
| operating profit ratio | -1.5 % | -8.3 % | Q1 FY26-27 |
| engineering segment premium(size) | 610 ₹ lakh | 33615 ₹ lakh | Q1 FY26-27 |
| Point of Sales Person (Direct) policies(size) | 25128 count | 79740 count | Q1 FY26-27 |
| net commission ratio(size) | 20.9 % | 8.4 % | Q1 FY26-27 |
| npa provision coverage | 0.0 % | 100.0 % | Q1 FY26-27 |
| marine cargo segment premium(size) | 1354 ₹ lakh | 28454 ₹ lakh | Q1 FY26-27 |
| motor od combined ratio | 152.6 % | 141.1 % | Q1 FY26-27 |
| marine cargo combined ratio | 236.6 % | 120.2 % | Q1 FY26-27 |
| motor tp combined ratio | 115.6 % | 132.4 % | Q1 FY26-27 |
| technical reserves to premium ratio(size) | 8.5 % | 5.3 % | Q1 FY26-27 |
| Web Aggregators premium(size) | 3 ₹ lakh | 0 ₹ lakh | Q1 FY26-27 |
| Individual Agents premium(size) | 4814 ₹ lakh | 261231 ₹ lakh | Q1 FY26-27 |
| MISP (Direct) policies(size) | 780 count | 1668014 count | Q1 FY26-27 |
| Point of Sales Person (Direct) premium(size) | 6115 ₹ lakh | 2703 ₹ lakh | Q1 FY26-27 |
| debentures & bonds(size) | 205814 INR_lakhs | 111686 INR_lakhs | Q1 FY26-27 |
| combined ratio | 118.5 % | 121.4 % | Q1 FY26-27 |
| government securities(size) | 321912 INR_lakhs | 3483904 INR_lakhs | Q1 FY26-27 |
| gross npa (amount) | 0 INR_lakhs | 14604 INR_lakhs | Q1 FY26-27 |
| net retention ratio(size) | 82.1 % | 81.8 % | Q1 FY26-27 |
| Corporate Agents – Banks premium(size) | 162 ₹ lakh | 6709 ₹ lakh | Q1 FY26-27 |
| motor OD segment premium(size) | 11489 ₹ lakh | 143180 ₹ lakh | Q1 FY26-27 |
| Web Aggregators policies(size) | 16 count | 8 count | Q1 FY26-27 |
| solvency ratio | 1.84 × | 1.80 × | Q1 FY26-27 |
| gross direct premium growth rate(size) | -3.2 % | 2.8 % | Q1 FY26-27 |
| govt + approved securities(size) | 38.6 % | 47.9 % | Q1 FY26-27 |
| net yield (quarterly) | 1.81 % | 7.07 % | Q1 FY26-27 |
| marine cargo incurred claims ratio | 199.3 % | 104.4 % | Q1 FY26-27 |
| fire segment premium(size) | 7765 ₹ lakh | 173566 ₹ lakh | Q1 FY26-27 |
| motor od incurred claims ratio | 107.1 % | 119.1 % | Q1 FY26-27 |
| gross yield (quarterly) | 1.81 % | 10.87 % | Q1 FY26-27 |
| personal accident segment premium(size) | 1247 ₹ lakh | 20196 ₹ lakh | Q1 FY26-27 |
| liability incurred claims ratio | -66.7 % | 10.2 % | Q1 FY26-27 |
| expense ratio to gross premium | 32.7 % | 16.8 % | Q1 FY26-27 |
| engineering combined ratio | 132.5 % | 109.6 % | Q1 FY26-27 |
| health combined ratio | 114.7 % | 128.1 % | Q1 FY26-27 |
| workmen's compensation combined ratio | 120.5 % | 51.9 % | Q1 FY26-27 |
| Individual Agents policies(size) | 21729 count | 4531576 count | Q1 FY26-27 |
| Insurance Marketing Firm premium(size) | 73 ₹ lakh | 1627 ₹ lakh | Q1 FY26-27 |
| book value per share(size) | 42.02 ₹ | 141.95 ₹ | Q4 FY25-26 / Q1 FY26-27 |
| Corporate Agents – Banks policies(size) | 2 count | 102238 count | Q4 FY25-26 / Q1 FY26-27 |
| net earning ratio | 0.9 % | -2.3 % | Q4 FY25-26 / Q1 FY26-27 |
| net yield (annualized) | 7.81 % | 10.00 % | Q4 FY25-26 |
| gross yield (annualized) | 7.81 % | 15.37 % | Q4 FY25-26 |
| gross written premium(size) | 3334 ₹ crore | 12464 ₹ crore | FY24-25 / Q1 FY26-27 |
| claims repudiation ratio | 3.91 % | 1.51 % | FY24-25 |
| claim settlement ratio | 79.7 % | 95.3 % | FY24-25 |
Values shown as reported. This platform does not rate or rank insurers. Source: IRDAI public disclosures.