Magma General Insurance vs Reliance General Insurance: IRDAI Data Comparison
General insurer comparison · Source: IRDAI public disclosures ·How to read this comparison
| Metric | Magma General Insurance | Reliance General Insurance | Period |
|---|---|---|---|
| Corporate Agents – Others premium(size) | 3032 ₹ lakh | 10600 ₹ lakh | Q1 FY26-27 |
| Direct Business – Online policies(size) | 36 count | 13266 count | Q1 FY26-27 |
| MISP (Direct) premium(size) | 207 ₹ lakh | 2306 ₹ lakh | Q1 FY26-27 |
| Brokers policies(size) | 228977 count | 1417761 count | Q1 FY26-27 |
| mutual funds(size) | 13827 INR_lakhs | 2971 INR_lakhs | Q1 FY26-27 |
| required solvency margin(size) | 89547 ₹ lakh | 219547 ₹ lakh | Q1 FY26-27 |
| fire incurred claims ratio | 16.1 % | 102.0 % | Q1 FY26-27 |
| personal accident combined ratio | 108.0 % | 75.3 % | Q1 FY26-27 |
| profit before tax(size) | 2 ₹ crore | 1 ₹ crore | Q1 FY26-27 |
| Direct Business – Others policies(size) | 291 count | 68355 count | Q1 FY26-27 |
| motor TP segment premium(size) | 31080 ₹ lakh | 45046 ₹ lakh | Q1 FY26-27 |
| gross direct premium to net worth ratio(size) | 70.00 × | 75.00 × | Q1 FY26-27 |
| personal accident incurred claims ratio | 79.1 % | 55.0 % | Q1 FY26-27 |
| incurred claims ratio | 84.3 % | 88.2 % | Q1 FY26-27 |
| housing & infrastructure(size) | 33.4 % | 25.0 % | Q1 FY26-27 |
| Direct Business – Online premium(size) | 4 ₹ lakh | 961 ₹ lakh | Q1 FY26-27 |
| liability combined ratio | -23.8 % | 149.5 % | Q1 FY26-27 |
| available solvency margin(size) | 164486 ₹ lakh | 384372 ₹ lakh | Q1 FY26-27 |
| engineering incurred claims ratio | 30.5 % | 76.2 % | Q1 FY26-27 |
| liability segment premium(size) | 14 ₹ lakh | 2398 ₹ lakh | Q1 FY26-27 |
| other investments(size) | 13971 INR_lakhs | 99267 INR_lakhs | Q1 FY26-27 |
| net worth growth rate(size) | 1.3 % | 0.0 % | Q1 FY26-27 |
| motor tp incurred claims ratio | 78.7 % | 106.9 % | Q1 FY26-27 |
| Corporate Agents – Others policies(size) | 7141 count | 116834 count | Q1 FY26-27 |
| infrastructure & housing(size) | 278313 INR_lakhs | 324934 INR_lakhs | Q1 FY26-27 |
| Brokers premium(size) | 70775 ₹ lakh | 174099 ₹ lakh | Q1 FY26-27 |
| expense ratio | 34.1 % | 33.1 % | Q1 FY26-27 |
| Insurance Marketing Firm policies(size) | 392 count | 23775 count | Q1 FY26-27 |
| investment income ratio | 1.8 % | 1.9 % | Q1 FY26-27 |
| fire combined ratio | 79.3 % | 105.3 % | Q1 FY26-27 |
| Direct Business – Others premium(size) | 1592 ₹ lakh | 63520 ₹ lakh | Q1 FY26-27 |
| health segment premium(size) | 29598 ₹ lakh | 110935 ₹ lakh | Q1 FY26-27 |
| underwriting balance ratio | -17.0 % | -0.3 % | Q1 FY26-27 |
| workmen's compensation incurred claims ratio | 83.3 % | 268.4 % | Q1 FY26-27 |
| central govt. securities(size) | 22.0 % | 28.0 % | Q1 FY26-27 |
| health incurred claims ratio | 88.9 % | 90.2 % | Q1 FY26-27 |
| profit after tax(size) | 2 ₹ crore | 1 ₹ crore | Q1 FY26-27 |
| workmen's compensation segment premium(size) | 346 ₹ lakh | 599 ₹ lakh | Q1 FY26-27 |
| operating profit ratio | -1.5 % | -3.7 % | Q1 FY26-27 |
| engineering segment premium(size) | 610 ₹ lakh | 13739 ₹ lakh | Q1 FY26-27 |
| Point of Sales Person (Direct) policies(size) | 25128 count | 205506 count | Q1 FY26-27 |
| net commission ratio(size) | 20.9 % | 17.6 % | Q1 FY26-27 |
| npa provision coverage | 0.0 % | 0.0 % | Q1 FY26-27 |
| marine cargo segment premium(size) | 1354 ₹ lakh | 6348 ₹ lakh | Q1 FY26-27 |
| motor od combined ratio | 152.6 % | 141.2 % | Q1 FY26-27 |
| marine cargo combined ratio | 236.6 % | 160.4 % | Q1 FY26-27 |
| motor tp combined ratio | 115.6 % | 173.6 % | Q1 FY26-27 |
| technical reserves to premium ratio(size) | 8.5 % | 9.1 % | Q1 FY26-27 |
| Web Aggregators premium(size) | 3 ₹ lakh | 70 ₹ lakh | Q1 FY26-27 |
| Individual Agents premium(size) | 4814 ₹ lakh | 23430 ₹ lakh | Q1 FY26-27 |
| MISP (Direct) policies(size) | 780 count | 146864 count | Q1 FY26-27 |
| Point of Sales Person (Direct) premium(size) | 6115 ₹ lakh | 9695 ₹ lakh | Q1 FY26-27 |
| debentures & bonds(size) | 205814 INR_lakhs | 1050493 INR_lakhs | Q1 FY26-27 |
| combined ratio | 118.5 % | 121.2 % | Q1 FY26-27 |
| government securities(size) | 321912 INR_lakhs | 544642 INR_lakhs | Q1 FY26-27 |
| gross npa (amount) | 0 INR_lakhs | 0 INR_lakhs | Q1 FY26-27 |
| net retention ratio(size) | 82.1 % | 62.1 % | Q1 FY26-27 |
| Corporate Agents – Banks premium(size) | 162 ₹ lakh | 10089 ₹ lakh | Q1 FY26-27 |
| motor OD segment premium(size) | 11489 ₹ lakh | 46620 ₹ lakh | Q1 FY26-27 |
| Web Aggregators policies(size) | 16 count | 7713 count | Q1 FY26-27 |
| solvency ratio | 1.84 × | 1.75 × | Q1 FY26-27 |
| gross direct premium growth rate(size) | -3.2 % | -12.2 % | Q1 FY26-27 |
| govt + approved securities(size) | 38.6 % | 38.0 % | Q1 FY26-27 |
| net yield (quarterly) | 1.81 % | 7.61 % | Q1 FY26-27 |
| marine cargo incurred claims ratio | 199.3 % | 133.4 % | Q1 FY26-27 |
| fire segment premium(size) | 7765 ₹ lakh | 42132 ₹ lakh | Q1 FY26-27 |
| motor od incurred claims ratio | 107.1 % | 72.0 % | Q1 FY26-27 |
| gross yield (quarterly) | 1.81 % | 7.63 % | Q1 FY26-27 |
| personal accident segment premium(size) | 1247 ₹ lakh | 5532 ₹ lakh | Q1 FY26-27 |
| liability incurred claims ratio | -66.7 % | 105.5 % | Q1 FY26-27 |
| expense ratio to gross premium | 32.7 % | 29.0 % | Q1 FY26-27 |
| claims paid to provisioned ratio(size) | 12.9 % | 7.8 % | Q1 FY26-27 |
| engineering combined ratio | 132.5 % | 93.6 % | Q1 FY26-27 |
| health combined ratio | 114.7 % | 106.0 % | Q1 FY26-27 |
| workmen's compensation combined ratio | 120.5 % | 293.2 % | Q1 FY26-27 |
| Individual Agents policies(size) | 21729 count | 164737 count | Q1 FY26-27 |
| Insurance Marketing Firm premium(size) | 73 ₹ lakh | 667 ₹ lakh | Q1 FY26-27 |
| book value per share(size) | 42.02 ₹ | 141.58 ₹ | Q4 FY25-26 / Q1 FY26-27 |
| Corporate Agents – Banks policies(size) | 2 count | 132648 count | Q4 FY25-26 / Q1 FY26-27 |
| net earning ratio | 0.9 % | 0.0 % | Q4 FY25-26 / Q1 FY26-27 |
| net yield (annualized) | 7.81 % | 7.93 % | Q4 FY25-26 |
| gross yield (annualized) | 7.81 % | 7.94 % | Q4 FY25-26 |
| gross written premium(size) | 3334 ₹ crore | 12237 ₹ crore | FY24-25 / Q4 FY25-26 |
| claims repudiation ratio | 3.91 % | 2.11 % | FY24-25 |
| claim settlement ratio | 79.7 % | 90.4 % | FY24-25 |
Values shown as reported. This platform does not rate or rank insurers. Source: IRDAI public disclosures.