Bajaj Allianz General Insurance — Financial Performance
Bajaj Allianz General Insurance's combined ratio was 104.7% 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 | 74.3%+3.2 pts | 68.1%+5.3 pts | 75.1%−2.6 pts | 75.8%−3.9 pts | 71.1%−6.0 pts |
| net commission ratio | 8.9%−0.3 pts | 16.3%+0.3 pts | 2.3% | 3.3% | 9.2% |
| expense ratio to gross premium | 29.5%−1.5 pts | 36.4%+1.3 pts | 24.1%+2.7 pts | 24.4%+2.1 pts | 31.0%+4.0 pts |
| combined ratio | 104.7%+1.0 pts | 113.6%+8.7 pts | 97.9%−3.2 pts | 102.3%+0.9 pts | 103.6%−0.0 pts |
| solvency ratio | 2.54×−0.80× | 3.02×−0.23× | 3.44×+0.44× | 3.39×+0.27× | 3.34×+0.23× |
| profit before tax | ₹638 crore−28.0% | ₹464 crore−3.7% | ₹530 crore | ₹696 crore | ₹887 crore |
| profit after tax | ₹478 crore−27.5% | ₹365 crore+0.7% | ₹399 crore | ₹517 crore | ₹660 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 | FY24-25 |
|---|---|---|
| incurred claims ratio | 72.6% | 74.6% |
| net commission ratio | 6.8% | 4.2% |
| expense ratio to gross premium | 28.0% | 25.7% |
| combined ratio | 102.8% | 102.3% |
| profit before tax | ₹2,578 crore | ₹2,445 crore |
| profit after tax | ₹1,942 crore | ₹1,832 crore |
Provenance (combined ratio, latest quarter)
- Reported by
- Bajaj Allianz General Insurance
- Regulatory form
- NL-20-ANALYTICAL-RATIOS · what this form contains
- Reporting period
- Q1 FY26-27
- Source document
- NL-20.pdf · Bajaj Allianz General Insurance's disclosure page
- Extracted by
- irw_adapter v1
- Last verified
- 2026-10-26
- Note
- NL-20 row-format label match: combined_ratio