ECGC — Financial Performance
ECGC's combined ratio was 188.0% 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 | 159.5%−0.1 pts | -87.3% | 85.5% | 9.2% | 159.6% |
| net commission ratio | -3.5%−0.2 pts | -0.7% | 0.7% | -1.8% | -3.3% |
| expense ratio to gross premium | 27.6%+0.2 pts | 30.0% | 28.8% | 32.3% | 27.4% |
| combined ratio | 188.0%−0.1 pts | -55.7% | 115.8% | 44.1% | 188.2% |
| solvency ratio | 56.14×−1.48× | 56.64×−0.49× | 55.59×+2.75× | 55.47×+5.23× | 57.62×+10.23× |
| profit before tax | ₹87 crore−8.3% | ₹824 crore | ₹290 crore | ₹478 crore | ₹95 crore |
| profit after tax | ₹65 crore−10.8% | ₹630 crore | ₹202 crore | ₹372 crore | ₹73 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 | 33.1% |
| net commission ratio | -1.2% |
| expense ratio to gross premium | 29.7% |
| combined ratio | 64.5% |
Provenance (combined ratio, latest quarter)
- Reported by
- ECGC
- Regulatory form
- NL-20-ANALYTICAL-RATIOS · what this form contains
- Reporting period
- Q1 FY26-27
- Source document
- textplor-vendor-2026-27-Q1.xlsx · ECGC's disclosure page
- Extracted by
- EverythingInsurance Research (vendor-compiled dataset, textplor.com, offline 2026-10-26)
- Last verified
- 2026-10-26
- Note
- Vendor-aggregated dataset, not pulled directly from insurer's own public disclosure page. Gap-fill only (no existing value for this insurer/metric/period). Cross-check against insurer's own source queued separately -- see project-log/quarterly-update-runbook.md.