ECGC Underwriting Balance Ratio
-88.4%
Q1 FY26-27
ECGC's underwriting balance ratio was -88.41% for Q1 FY26-27, as reported in IRDAI form NL-20-ANALYTICAL-RATIOS.
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.
Historical Data
| Period | Value | Source form | Data as of |
|---|---|---|---|
| Q1 FY26-27 | -88.4 % | NL-20-ANALYTICAL-RATIOS | 2026-10-26 |
| Q4 FY25-26 | 154.6 % | NL-20-ANALYTICAL-RATIOS | 2026-10-31 |
| Q3 FY25-26 | -16.1 % | NL-20-ANALYTICAL-RATIOS | 2026-10-26 |
| Q2 FY25-26 | 53.9 % | NL-20-ANALYTICAL-RATIOS | 2026-10-26 |
| Q1 FY25-26 | -87.5 % | NL-20-ANALYTICAL-RATIOS | 2026-10-26 |
Provenance
- 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.