Bajaj Allianz General Insurance — Underwriting Performance
Bajaj Allianz General Insurance: Health led at 30.6% of gross direct premium (₹1,75,965 lakh) for Q1 FY26-27, per IRDAI form NL-4.
Business mix by segment — Q1 FY26-27
| Classification | Gross direct premium | Share of business | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Retail | ₹1,86,607 lakh | 32.4% | |||||||||||||||||||||||||||
Retail segments (2)
| |||||||||||||||||||||||||||||
| Hybrid | ₹1,87,712 lakh | 32.6% | |||||||||||||||||||||||||||
Hybrid segments (3)
| |||||||||||||||||||||||||||||
| Commercial | ₹2,00,885 lakh | 34.9% | |||||||||||||||||||||||||||
Commercial segments (9)
| |||||||||||||||||||||||||||||
| Grand total | ₹5,75,204 lakh | 100% | |||||||||||||||||||||||||||
Retail/Hybrid/Commercial is this site's own classification of IRDAI's filed segments, not an IRDAI-defined category — click through to the full per-segment breakdown below for the underlying filed detail, or the combined ratio & ICR by segment table further down for each segment's own profitability ratios.
Gross direct premium by segment — full detail, Q2 FY25-26 to Q1 FY26-27
| Segment | Q1 FY26-27 | Q4 FY25-26 | Q3 FY25-26 | Q2 FY25-26 | % of total, Q1 FY26-27 |
|---|---|---|---|---|---|
| Fire GDP | ₹90,793 lakh | ₹46,960 lakh | ₹53,116 lakh | ₹53,353 lakh | 15.8% |
| Marine Cargo GDP | ₹18,439 lakh | ₹9,628 lakh | ₹7,070 lakh | ₹7,701 lakh | 3.2% |
| Marine Hull GDP | ₹3,261 lakh | ₹3,663 lakh | ₹1,095 lakh | ₹468 lakh | 0.6% |
| Motor OD GDP | ₹79,987 lakh | ₹80,935 lakh | ₹96,062 lakh | ₹79,114 lakh | 13.9% |
| Motor TP GDP | ₹1,06,620 lakh | ₹1,04,029 lakh | ₹1,06,351 lakh | ₹93,085 lakh | 18.5% |
| Health GDP | ₹1,75,965 lakh | ₹1,10,439 lakh | ₹3,64,221 lakh | ₹2,42,523 lakh | 30.6% |
| Personal Accident GDP | ₹6,026 lakh | ₹4,367 lakh | ₹3,645 lakh | ₹4,202 lakh | 1.0% |
| Travel GDP | ₹5,721 lakh | ₹3,178 lakh | ₹3,450 lakh | ₹4,722 lakh | 1.0% |
| Workmen's Comp. GDP | ₹2,548 lakh | ₹2,073 lakh | ₹1,850 lakh | ₹2,151 lakh | 0.4% |
| Liability GDP | ₹2,931 lakh | ₹3,708 lakh | ₹1,864 lakh | ₹3,125 lakh | 0.5% |
| Engineering GDP | ₹18,904 lakh | ₹11,915 lakh | ₹14,674 lakh | ₹12,557 lakh | 3.3% |
| Aviation GDP | ₹503 lakh | ₹207 lakh | ₹388 lakh | ₹391 lakh | 0.1% |
| Crop GDP | ₹-1,976 lakh | ₹12,507 lakh | ₹42,727 lakh | ₹96,602 lakh | -0.3% |
| Other GDP | ₹65,482 lakh | ₹34,749 lakh | Not disclosed | ₹36,946 lakh | 11.4% |
| Total gross direct premium | ₹5,75,204 lakh | ₹4,28,358 lakh | ₹6,96,513 lakh | ₹6,36,940 lakh | 100% |
Gross direct premium (not net earned premium) per IRDAI Form NL-4 (Premium Schedule), "for the quarter" column — these are standalone quarterly amounts, not running year-to-date totals. Segment-level net incurred claims in absolute rupees aren't shown here: IRDAI's segment-level claims filing (Form NL-5) hasn't been extracted for this insurer yet — see the combined ratio & ICR table below for the ratio form of this, sourced from NL-20.
Combined ratio & ICR by segment — Q1 FY26-27
| Segment | ICR | Combined ratio |
|---|---|---|
| Fire | 48.9% | 5.3% |
| Marine Cargo | 89.7% | 123.4% |
| Marine Hull | 0.0% | 36.3% |
| Motor OD | 76.6% | 122.4% |
| Motor TP | 51.0% | 103.5% |
| Health | 90.9% | 108.7% |
| Personal Accident | 51.0% | 82.1% |
| Travel | 59.4% | 145.8% |
| Workmen's Comp. | 67.6% | 104.1% |
| Liability | 25.7% | 54.6% |
| Engineering | 56.3% | 26.7% |
| Aviation | 24.4% | 34.9% |
| Crop | 3078.0% | 2971.0% |
| Other | 58.5% | 68.5% |
Per IRDAI Form NL-20 (Analytical Ratios Schedule)'s own segmental breakdown, latest quarter only — this granularity isn't reliably available as a multi-quarter trend across insurers. Combined ratio here can legitimately differ from a simple "ICR + expense" sum when a segment's own expense-to-net-written-premium ratio is unusually negative or positive for the quarter — reported exactly as filed, not recalculated.
Provenance (Health GDP, latest quarter)
- Reported by
- Bajaj Allianz General Insurance
- Regulatory form
- NL-4-PREMIUM-SCHEDULE · what this form contains
- Reporting period
- Q1 FY26-27
- Source document
- pdfs/bajaj-allianz-general/NL-4.pdf · Bajaj Allianz General Insurance's disclosure page
- Extracted by
- irw_adapter v1
- Last verified
- 2026-10-24
- Note
- NL-4 segment GDP, for the quarter (sum=576,880 vs Grand Total=576880.0)