Factuary

Agriculture Insurance Company of India Insurance Data

generalIRDAI Reg. 126

Government-owned specialty insurer focused on crop and agricultural insurance.

HQ: New Delhi
Website ↗
IRDAI Disclosures ↗

Agriculture Insurance Company of India is a general insurance company licensed by IRDAI (registration number 126). Its solvency ratio of 4.65× as of Q1 FY26-27 exceeds the IRDAI mandatory minimum of 1.5×, ranking 2nd among 27 general insurers. The company reported gross written premium of ₹13 crore in Q1 FY26-27, ranking 15th by premium among 15 general insurers. Its incurred claim ratio of 73.2% in Q1 FY26-27 is below the general insurer median of 85.6%, ranking 4th among 27 general insurers. Its combined ratio of -162.7% in Q1 FY26-27 is below 100%, indicating underwriting profitability.

Peer rank among general insurers with data for that metric. Not shown when fewer than 3 peers have data.

A snapshot, not a time series — see Underwriting Performance, Revenue Mix and Distribution Mix for how these move quarter to quarter.

How to read this page

GWP — Gross Written Premium: total premium underwritten, including any reinsurance accepted.
GDPI — Gross Direct Premium Income: premium from direct business only. Insurers disclose both; they are not the same number.
ICR — Incurred Claims Ratio: net incurred claims ÷ net earned premium.
Commission ratio — net commission paid ÷ net written premium.
Combined ratio — (incurred claims + expenses + commission) ÷ net earned premium. Below 100% means an underwriting profit, before investment income.
Solvency ratio — available solvency margin ÷ required solvency margin. IRDAI's regulatory minimum is 1.50×.

This page shows figures in ₹ crore; the detail pages it links to (Underwriting Performance, Distribution Mix) show the same facts in ₹ lakh as filed. Where a filing for a given period couldn't be located, this site says "Not disclosed" rather than estimating.

GWP, Q1 FY26-27
₹13 cr
GDPI, Q1 FY26-27
₹-74 cr
Gross Direct Premium Income

Agriculture Insurance Company of India: Brokers carried 80.1% of premium in Q1 FY26-27.

Channel mix — Q1 FY26-27 (₹ crore, % of premium)

ChannelPremiumShare
Brokers₹7 cr80.1%
Agents/POSP₹2 cr19.7%
Banks₹0 cr0.2%
Total₹8 cr100%

Regrouped from IRDAI Form NL-36's finer channel list — Agents/POSP = Individual agents + Point of Sales Persons; Others = Micro agents, Common Service Centres, Insurance Marketing Firms, MISP, Web aggregators and Referral arrangements. See Distribution Mix for the full unrounded breakdown.

Full data, every metric

Premium

gross written premium₹13 croreQ1 FY26-27NL-35-QUARTERLY-BUSINESS-RETURNS

Solvency

solvency ratio4.65×Q1 FY26-27NL-26-SOLVENCY-MARGIN

Solvency Margin

required solvency margin₹1,75,571 lakhQ1 FY26-27NL-26-SOLVENCY-MARGIN
available solvency margin₹8,15,927 lakhQ1 FY26-27NL-26-SOLVENCY-MARGIN

Claim Settlement

claim settlement ratio22.5%FY24-25Handbook-Table-53

Incurred Claims

incurred claims ratio73.2%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Combined Ratio

combined ratio-162.7%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Expense Ratio

expense ratio to gross premium-129.5%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
expense ratio-235.9%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Financial Position

profit after tax₹329 croreQ1 FY26-27NL-2-B-PL
profit before tax₹451 croreQ1 FY26-27NL-2-B-PL

Underwriting

net commission ratio-11.9%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
net retention ratio72.4%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
investment income ratio1.7%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
net earning ratio-781.1%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
underwriting balance ratio32.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
operating profit ratio64.1%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
gross direct premium to net worth ratio-1.00×Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Growth

net worth growth rate11.8%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
gross direct premium growth rate-208.9%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Distribution by Channel

Web Aggregators premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Insurance Marketing Firm policies0Q1 FY26-27NL-36-BUSINESS-CHANNELS
Other premium₹-3,131 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Point of Sales Person (Direct) premium₹163 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Corporate Agents – Banks premium₹1 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Individual Agents policies1Q1 FY26-27NL-36-BUSINESS-CHANNELS
Individual Agents premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
MISP (Direct) policies0Q1 FY26-27NL-36-BUSINESS-CHANNELS
Other policies63,444Q1 FY26-27NL-36-BUSINESS-CHANNELS
Referral Arrangements premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
MISP (Direct) premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Common Service Centres (CSC) policies1,24,437Q1 FY26-27NL-36-BUSINESS-CHANNELS
Micro Agents policies2Q1 FY26-27NL-36-BUSINESS-CHANNELS
Web Aggregators policies0Q1 FY26-27NL-36-BUSINESS-CHANNELS
Corporate Agents – Banks policies28Q1 FY26-27NL-36-BUSINESS-CHANNELS
Brokers premium₹660 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Corporate Agents – Others policies0Q1 FY26-27NL-36-BUSINESS-CHANNELS
Corporate Agents – Others premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Point of Sales Person (Direct) policies4,663Q1 FY26-27NL-36-BUSINESS-CHANNELS
Micro Agents premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Brokers policies37,423Q1 FY26-27NL-36-BUSINESS-CHANNELS
Insurance Marketing Firm premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Common Service Centres (CSC) premium₹-5,518 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Referral Arrangements policies0Q1 FY26-27NL-36-BUSINESS-CHANNELS

Investment Mix

other investments1,59,885 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE
equity & preference shares1,37,903 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE
mutual funds1,63,594 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE
debentures & bonds1,42,571 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE
government securities7,36,336 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE
infrastructure & housing3,38,584 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE
other approved securities3,89,577 INR_lakhsQ1 FY25-26NL-12-INVESTMENT-SCHEDULE

Investment Exposure Norms

central govt. securities22.3%Q1 FY26-27NL-28B-EXPOSURE-NORMS
housing & infrastructure20.4%Q1 FY26-27NL-28B-EXPOSURE-NORMS
govt + approved securities44.3%Q1 FY26-27NL-28B-EXPOSURE-NORMS

Investment NPA

gross npa (amount)0 INR_lakhsQ1 FY26-27NL-30-NON-PERFORMING-ASSETS
npa provision coverage0.0%Q1 FY26-27NL-30-NON-PERFORMING-ASSETS

Investment Yield

net yield (quarterly)6.31%Q1 FY26-27NL-31-INVESTMENT-INCOME
gross yield (quarterly)6.31%Q1 FY26-27NL-31-INVESTMENT-INCOME
gross yield (annualized)6.79%Q4 FY25-26NL-31-INVESTMENT-INCOME
net yield (annualized)6.79%Q4 FY25-26NL-31-INVESTMENT-INCOME

Revenue Mix by Segment

crop insurance segment premium₹-8,680 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
other segment premium₹1,272 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE

Other Claims

claims repudiation ratio0.00%FY24-25Handbook-Table-53
claims paid to provisioned ratio30.1%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Per Share

earnings per share₹16.43Q1 FY26-27NL-20-ANALYTICAL-RATIOS
book value per share₹474.68Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Balance Sheet

net NPA ratio0.00%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
gross NPA ratio0.25%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
technical reserves to premium ratio-176.5%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Other

other combined ratio320.7%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
crop combined ratio-82.4%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
other incurred claims ratio76.8%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
crop incurred claims ratio72.9%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Data from IRDAI public disclosures. Click a metric name for full history and provenance.

Compare & Reports

Agriculture Insurance Company of India financial performance — quarterly ratios →

Agriculture Insurance Company of India distribution mix — by channel →

Compare Agriculture Insurance Company of India against another general insurer →

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