Indian Insurance Data — Q1 FY2025-26

In Q1 FY2025-26, 25 insurers reported solvency ratio data.23 met the IRDAI minimum of 1.5×. 2 were below the minimum.

Solvency Ratio — Q1 FY2025-26

General

#InsurerSolvency
1ECGC57.62×
2Zurich Kotak General Insurance4.84×
3Navi General Insurance4.71×
4Agriculture Insurance Company of India4.38×
5Shriram General Insurance3.35×
6Bajaj Allianz General Insurance3.34×
7Acko General Insurance2.37×
8Royal Sundaram General Insurance2.21×
9Chola MS General Insurance2.17×
10HDFC ERGO General Insurance2.06×
11ICICI Lombard General Insurance2.00×
12New India Assurance1.87×
13IFFCO Tokio General Insurance1.86×
14Zuno General Insurance1.82×
15Tata AIG General Insurance1.82×
16Raheja QBE General Insurance1.78×
17Reliance General Insurance1.57×
18Kshema General Insurance1.52×
19National Insurance Company-0.72×below min
20Oriental Insurance Company-1.01×below min

Standalone Health

#InsurerSolvency
1Niva Bupa Health Insurance2.86×
2Star Health Insurance2.22×
3ManipalCigna Health Insurance1.91×
4Aditya Birla Health Insurance1.85×
5Care Health Insurance1.66×

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Q1 FY2024-25Q2 FY2024-25Q3 FY2024-25Q4 FY2024-25Q1 FY2025-26Q2 FY2025-26Q3 FY2025-26Q4 FY2025-26Q1 FY2026-27
Source: IRDAI quarterly public disclosures and NSE filing API. Solvency minimum: 1.5× (IRDAI regulation).Solvency history all insurers → ·Annual data →