Agriculture Insurance Company of India — Distribution Mix

combined ratio, Q1 FY26-27

-162.7%

−348.2 pts

incurred claims ratio, Q1 FY26-27

73.2%

−27.8 pts

net commission ratio, Q1 FY26-27

-11.9%

−25.6 pts

expense ratio to gross premium, Q1 FY26-27

-129.5%

−249.5 pts

Total premium, Q1 FY26-27

₹-7,824.74 lakh

−223.2%

Channel mix — quarter ended Q1 FY26-27 vs. Q1 FY25-26 (year ago)

Channel group

Policies, Q1 FY26-27

Premium, Q1 FY26-27

Policies, Q1 FY25-26

Premium, Q1 FY25-26

Brokers

37,423

₹659.86 lakh

97,731

₹1,521.68 lakh (24.0%)

Agents/POSP

4,664

₹162.62 lakh

4,452

₹139.71 lakh (2.2%)

Agents/POSP channels (2)

Channel	Policies, Q1 FY26-27	Premium, Q1 FY26-27	Policies, Q1 FY25-26	Premium, Q1 FY25-26
Individual Agents	1	₹0 lakh	0	₹0 lakh
Point of Sales Person (Direct)	4,663	₹162.62 lakh	4,452	₹139.71 lakh

Direct Website

Not disclosed

₹0 lakh

Not disclosed

₹0 lakh (0.0%)

Banks

₹1.49 lakh

₹0.07 lakh (0.0%)

Direct non-website

Not disclosed

₹0 lakh

Not disclosed

₹0 lakh (0.0%)

Direct non-website channels (2)

Channel	Policies, Q1 FY26-27	Premium, Q1 FY26-27	Policies, Q1 FY25-26	Premium, Q1 FY25-26
Direct Business – Officers/Employees	Not disclosed	Not disclosed	Not disclosed	Not disclosed
Direct Business – Others	Not disclosed	Not disclosed	Not disclosed	Not disclosed

Corporate Agents

Not disclosed

₹0 lakh

Not disclosed

₹0 lakh (0.0%)

Others

1,87,883

₹-8,648.71 lakh

62,341

₹4,690.24 lakh (73.8%)

Others channels (7)

Channel	Policies, Q1 FY26-27	Premium, Q1 FY26-27	Policies, Q1 FY25-26	Premium, Q1 FY25-26
Micro Agents	2	₹0.11 lakh	-6	₹-3.47 lakh
Common Service Centres (CSC)	1,24,437	₹-5,518.23 lakh	31,865	₹2,188.94 lakh
Insurance Marketing Firm	0	₹0 lakh	0	₹0 lakh
MISP (Direct)	0	₹0 lakh	0	₹0 lakh
Web Aggregators	0	₹0 lakh	0	₹0 lakh
Referral Arrangements	0	₹0 lakh	0	₹0 lakh
Other	63,444	₹-3,130.59 lakh	30,482	₹2,504.77 lakh

Total, India

2,29,998

₹-7,824.74 lakh (100%)

1,64,526

₹6,351.7 lakh (100%)

Per IRDAI Form NL-36 (Business Channels Wise), "For the Quarter" column. Channels are grouped into ARGO's own 7-way classification (Brokers, Agents/POSP, Direct Website, Banks, Direct non-website, Corporate Agents, Others) — click a group with more than one channel to see its own breakdown. "Total, India" sums the 15 channels extracted here and excludes "Business outside India," a separate geography line on the same form. Some insurers report "Direct Business"'s sub-channels (Officers/Employees, Online, Others) as one combined figure rather than a real breakdown — shown as "Not disclosed" for those rows rather than guessed.

Total premium by quarter, trend

Period	Total, India premium	Policies
Q2 FY25-26	₹6,60,567.48 lakh	3,65,26,748
Q3 FY25-26	₹1,26,214.66 lakh	47,75,750
Q4 FY25-26	₹2,28,801.25 lakh	2,21,81,143
Q1 FY26-27	₹-7,824.74 lakh	2,29,998