Galaxy Health Insurance — Underwriting Performance
Galaxy Health Insurance: Health led at 94.7% of gross direct premium (₹5,794.66 lakh) for Q1 FY26-27, per IRDAI form NL-4.
Business mix by segment — Q1 FY26-27
| Classification | Gross direct premium | Share of business | ||||||
|---|---|---|---|---|---|---|---|---|
| Hybrid | ₹6,119.93 lakh | 100.0% | ||||||
Hybrid segments (2)
| ||||||||
| Grand total | ₹6,119.93 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 | Not disclosed | Not disclosed | Not disclosed | Not disclosed | — |
| Marine Cargo GDP | Not disclosed | Not disclosed | Not disclosed | Not disclosed | — |
| Marine Hull GDP | Not disclosed | Not disclosed | Not disclosed | Not disclosed | — |
| Motor OD GDP | Not disclosed | Not disclosed | Not disclosed | Not disclosed | — |
| Motor TP GDP | Not disclosed | Not disclosed | Not disclosed | Not disclosed | — |
| Health GDP | ₹5,794.66 lakh | ₹6,863.18 lakh | ₹3,333.53 lakh | ₹2,701.01 lakh | 94.7% |
| Personal Accident GDP | ₹325.27 lakh | ₹360.99 lakh | ₹201.67 lakh | ₹125.25 lakh | 5.3% |
| Travel GDP | Not disclosed | Not disclosed | Not disclosed | Not disclosed | — |
| Workmen's Comp. GDP | Not disclosed | Not disclosed | Not disclosed | Not disclosed | — |
| Liability GDP | Not disclosed | Not disclosed | Not disclosed | Not disclosed | — |
| Engineering GDP | Not disclosed | Not disclosed | Not disclosed | Not disclosed | — |
| Aviation GDP | Not disclosed | Not disclosed | Not disclosed | Not disclosed | — |
| Crop GDP | Not disclosed | Not disclosed | Not disclosed | Not disclosed | — |
| Other GDP | Not disclosed | Not disclosed | Not disclosed | Not disclosed | — |
| Total gross direct premium | ₹6,119.93 lakh | ₹7,224.17 lakh | ₹3,535.2 lakh | ₹2,826.26 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 |
|---|---|---|
| Health | 62.0% | 155.2% |
| Personal Accident | 18.8% | 110.0% |
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
- Galaxy Health Insurance
- Regulatory form
- NL-4-PREMIUM-SCHEDULE · what this form contains
- Reporting period
- Q1 FY26-27
- Source document
- textplor-vendor-2026-27-Q1.xlsx · Galaxy Health Insurance'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.