Agriculture Insurance Company of India — Financial Performance
Agriculture Insurance Company of India's combined ratio was -162.7% for Q1 FY26-27, as reported in IRDAI form NL-20-ANALYTICAL-RATIOS.
Quarterly financial ratios — Q1 FY25-26 to Q1 FY26-27
| Metric | Q1 FY26-27 | Q4 FY25-26 | Q3 FY25-26 | Q2 FY25-26 | Q1 FY25-26 |
|---|---|---|---|---|---|
| incurred claims ratio | 73.2%−27.8 pts | 105.4%+55.5 pts | 103.6%+19.2 pts | 89.6%+7.9 pts | 101.0% |
| net commission ratio | -11.9%−25.6 pts | -28.2%−11.7 pts | 1.6%+0.6 pts | -0.3%−0.7 pts | 13.7% |
| expense ratio to gross premium | -129.5%−249.5 pts | 6.7% | 8.2% | 2.6% | 120.0% |
| combined ratio | -162.7%−348.2 pts | 88.5%+43.3 pts | 116.7%+23.5 pts | 93.2%+4.6 pts | 185.5% |
| solvency ratio | 4.65×+0.27× | 4.42×+0.35× | 4.87×+1.32× | 4.64×+1.23× | 4.38×+0.95× |
| profit before tax | ₹451 crore+57.3% | ₹350 crore−65.7% | ₹240 crore−45.4% | ₹396 crore+75.1% | ₹287 crore |
| profit after tax | ₹329 crore+54.4% | ₹257 crore−66.7% | ₹175 crore−46.8% | ₹291 crore+80.4% | ₹213 crore |
The small figure under each number is the change from the same quarter a year earlier — in percentage points for ratios, as a percentage change for profit before/after tax. Shown only where this insurer has a filing from exactly that quarter a year ago; no figure means that comparison isn't available, not that nothing changed.
Expense ratio shown on a gross-direct-premium basis (GDP), per IRDAI's 2021 reform — not directly comparable to an insurer's net-written-premium (NWP) basis figure if quoted elsewhere. "Not disclosed" means this insurer's filing for that quarter didn't include this figure — not an estimate.
Full-year financial ratios
These are the insurer's own full-year figures, as filed with IRDAI for the whole fiscal year — not the same as adding up four quarters, since each quarter's own number above is a standalone snapshot for that quarter alone.
| Metric | FY25-26 |
|---|---|
| incurred claims ratio | 97.3% |
| net commission ratio | -5.9% |
| expense ratio to gross premium | 5.0% |
| combined ratio | 99.1% |
Provenance (combined ratio, latest quarter)
- Reported by
- Agriculture Insurance Company of India
- Regulatory form
- NL-20-ANALYTICAL-RATIOS · what this form contains
- Reporting period
- Q1 FY26-27
- Source document
- 2026-27_Q1.pdf · Agriculture Insurance Company of India's disclosure page
- Extracted by
- irw_adapter v1
- Last verified
- 2026-10-26
- Note
- NL-20 row-format label match: combined_ratio