Agriculture Insurance Company of India Underwriting Balance Ratio

What this measures

Underwriting profit or loss as a percentage of Net Written Premium. Positive = underwriting surplus; negative = underwriting deficit. Equivalent to 100% minus the Combined Ratio when both expense denominators are NWP. Most general insurers globally operate with underwriting deficits, relying on investment income to break even.

Note: NL-20 analytical ratios. A negative value is not necessarily bad — it is common in competitive markets. Display with sign; do not suppress losses.