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Magma General Insurance vs Oriental Insurance Company: IRDAI Data Comparison

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

MetricMagma General InsuranceOriental Insurance CompanyPeriod
Corporate Agents – Others premium(size)3032 ₹ lakh1425 ₹ lakhQ1 FY26-27
Direct Business – Online policies(size)36 count0 countQ1 FY26-27
MISP (Direct) premium(size)207 ₹ lakh2015 ₹ lakhQ1 FY26-27
Brokers policies(size)228977 count572387 countQ1 FY26-27
mutual funds(size)13827 INR_lakhs31097 INR_lakhsQ1 FY26-27
required solvency margin(size)89547 ₹ lakh587764 ₹ lakhQ1 FY26-27
fire incurred claims ratio16.1 %95.6 %Q1 FY26-27
personal accident combined ratio108.0 %88.2 %Q1 FY26-27
profit before tax(size)2 ₹ crore-340 ₹ croreQ1 FY26-27
Direct Business – Others policies(size)291 count0 countQ1 FY26-27 / Q4 FY25-26
motor TP segment premium(size)31080 ₹ lakh61082 ₹ lakhQ1 FY26-27
gross direct premium to net worth ratio(size)70.00 ×-78.00 ×Q1 FY26-27
personal accident incurred claims ratio79.1 %72.5 %Q1 FY26-27
incurred claims ratio84.3 %10011.0 %Q1 FY26-27
housing & infrastructure(size)33.4 %17.3 %Q1 FY26-27
Direct Business – Online premium(size)4 ₹ lakh0 ₹ lakhQ1 FY26-27
liability combined ratio-23.8 %41.6 %Q1 FY26-27
available solvency margin(size)164486 ₹ lakh-998362 ₹ lakhQ1 FY26-27
engineering incurred claims ratio30.5 %56.8 %Q1 FY26-27
liability segment premium(size)14 ₹ lakh2838 ₹ lakhQ1 FY26-27
other investments(size)13971 INR_lakhs68227 INR_lakhsQ1 FY26-27
net worth growth rate(size)1.3 %11532.0 %Q1 FY26-27
motor tp incurred claims ratio78.7 %168.5 %Q1 FY26-27
Corporate Agents – Others policies(size)7141 count18408 countQ1 FY26-27
infrastructure & housing(size)278313 INR_lakhs508049 INR_lakhsQ1 FY26-27
Brokers premium(size)70775 ₹ lakh389890 ₹ lakhQ1 FY26-27
expense ratio34.1 %19.1 %Q1 FY26-27
Insurance Marketing Firm policies(size)392 count90 countQ1 FY26-27
investment income ratio1.8 %0.0 %Q1 FY26-27
fire combined ratio79.3 %145.6 %Q1 FY26-27
Direct Business – Others premium(size)1592 ₹ lakh0 ₹ lakhQ1 FY26-27 / Q4 FY25-26
health segment premium(size)29598 ₹ lakh220179 ₹ lakhQ1 FY26-27
underwriting balance ratio-17.0 %-19.0 %Q1 FY26-27
workmen's compensation incurred claims ratio83.3 %67.3 %Q1 FY26-27
central govt. securities(size)22.0 %24.1 %Q1 FY26-27
health incurred claims ratio88.9 %95.5 %Q1 FY26-27
profit after tax(size)2 ₹ crore-340 ₹ croreQ1 FY26-27
workmen's compensation segment premium(size)346 ₹ lakh1417 ₹ lakhQ1 FY26-27
gross npa ratio0.00 %1.50 %Q1 FY26-27
operating profit ratio-1.5 %-760.0 %Q1 FY26-27
engineering segment premium(size)610 ₹ lakh11513 ₹ lakhQ1 FY26-27
Point of Sales Person (Direct) policies(size)25128 count126089 countQ1 FY26-27
net commission ratio(size)20.9 %766.0 %Q1 FY26-27
npa provision coverage0.0 %100.0 %Q1 FY26-27
marine cargo segment premium(size)1354 ₹ lakh11763 ₹ lakhQ1 FY26-27
motor od combined ratio152.6 %141.4 %Q1 FY26-27
marine cargo combined ratio236.6 %83.6 %Q1 FY26-27
motor tp combined ratio115.6 %198.5 %Q1 FY26-27
technical reserves to premium ratio(size)8.5 %6.9 %Q1 FY26-27
Web Aggregators premium(size)3 ₹ lakh15 ₹ lakhQ1 FY26-27
Individual Agents premium(size)4814 ₹ lakh114281 ₹ lakhQ1 FY26-27
MISP (Direct) policies(size)780 count82951 countQ1 FY26-27
Point of Sales Person (Direct) premium(size)6115 ₹ lakh9562 ₹ lakhQ1 FY26-27
debentures & bonds(size)205814 INR_lakhs113014 INR_lakhsQ1 FY26-27
combined ratio118.5 %11916.0 %Q1 FY26-27
government securities(size)321912 INR_lakhs1142392 INR_lakhsQ1 FY26-27
gross npa (amount)0 INR_lakhs30410 INR_lakhsQ1 FY26-27
net retention ratio(size)82.1 %6974.0 %Q1 FY26-27
Corporate Agents – Banks premium(size)162 ₹ lakh5572 ₹ lakhQ1 FY26-27
motor OD segment premium(size)11489 ₹ lakh28024 ₹ lakhQ1 FY26-27
Web Aggregators policies(size)16 count153 countQ1 FY26-27
solvency ratio1.84 ×-1.70 ×Q1 FY26-27
gross direct premium growth rate(size)-3.2 %484.0 %Q1 FY26-27
govt + approved securities(size)38.6 %56.5 %Q1 FY26-27
net yield (quarterly)1.81 %5.82 %Q1 FY26-27
marine cargo incurred claims ratio199.3 %61.8 %Q1 FY26-27
fire segment premium(size)7765 ₹ lakh44889 ₹ lakhQ1 FY26-27
motor od incurred claims ratio107.1 %116.5 %Q1 FY26-27
gross yield (quarterly)1.81 %8.94 %Q1 FY26-27
personal accident segment premium(size)1247 ₹ lakh220939 ₹ lakhQ1 FY26-27
liability incurred claims ratio-66.7 %19.7 %Q1 FY26-27
expense ratio to gross premium32.7 %15.5 %Q1 FY26-27
claims paid to provisioned ratio(size)12.9 %13.6 %Q1 FY26-27
engineering combined ratio132.5 %74.9 %Q1 FY26-27
health combined ratio114.7 %109.6 %Q1 FY26-27
workmen's compensation combined ratio120.5 %91.0 %Q1 FY26-27
Individual Agents policies(size)21729 count743681 countQ1 FY26-27
Insurance Marketing Firm premium(size)73 ₹ lakh918 ₹ lakhQ1 FY26-27
book value per share(size)42.02 ₹1.10 ₹Q4 FY25-26 / Q1 FY22-23
Corporate Agents – Banks policies(size)2 count53956 countQ4 FY25-26 / Q1 FY26-27
net earning ratio0.9 %-767.0 %Q4 FY25-26 / Q1 FY26-27
gross written premium(size)3334 ₹ crore11858 ₹ croreFY24-25 / Q1 FY26-27
claims repudiation ratio3.91 %0.34 %FY24-25
claim settlement ratio79.7 %85.5 %FY24-25

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

Individual profiles

Magma General Insurance
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Oriental Insurance Company
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