Factuary

Generali Central Insurance (formerly Future Generali) Insurance Data

generalIRDAI Reg. 132

Indian general insurer, rebranded from Future Generali India Insurance (joint venture with Future Group) after Future exited and Central Bank of India took its stake; owned roughly 74% by Generali Group and 26% by Central Bank of India.

HQ: Mumbai
Website ↗
IRDAI Disclosures ↗

Generali Central Insurance (formerly Future Generali) is a general insurance company licensed by IRDAI (registration number 132). Its solvency ratio of 1.96× as of Q4 FY24-25 exceeds the IRDAI mandatory minimum of 1.5×, ranking 15th among 27 general insurers. The company reported gross written premium of ₹1458 crore in Q1 FY24-25, ranking 8th by premium among 15 general insurers. Its incurred claim ratio of 90.1% in Q1 FY26-27 is above the general insurer median of 85.6%, ranking 20th among 27 general insurers. Its combined ratio of 127.9% in Q1 FY26-27 is above 100%.

Peer rank among general insurers with data for that metric. Not shown when fewer than 3 peers have data.

A snapshot, not a time series — see Underwriting Performance, Revenue Mix and Distribution Mix for how these move quarter to quarter.

How to read this page

GWP — Gross Written Premium: total premium underwritten, including any reinsurance accepted.
GDPI — Gross Direct Premium Income: premium from direct business only. Insurers disclose both; they are not the same number.
ICR — Incurred Claims Ratio: net incurred claims ÷ net earned premium.
Commission ratio — net commission paid ÷ net written premium.
Combined ratio — (incurred claims + expenses + commission) ÷ net earned premium. Below 100% means an underwriting profit, before investment income.
Solvency ratio — available solvency margin ÷ required solvency margin. IRDAI's regulatory minimum is 1.50×.

This page shows figures in ₹ crore; the detail pages it links to (Underwriting Performance, Distribution Mix) show the same facts in ₹ lakh as filed. Where a filing for a given period couldn't be located, this site says "Not disclosed" rather than estimating.

GWP, Q1 FY24-25
₹1,458 cr
GDPI, Q1 FY26-27
₹1,112 cr
Gross Direct Premium Income

Generali Central Insurance (formerly Future Generali): Retail business — Motor — made up 40.1% of gross direct premium in Q1 FY26-27; Brokers carried 66.7% of premium in Q1 FY26-27.

Line of business — Q1 FY26-27 (₹ crore, % of GDPI)

Retail: bought directly by an individual (Motor). Hybrid: designed for individuals but sold in a group structure (Health, Personal Accident, Travel). Commercial: the end beneficiary is a business (Fire, Marine, Engineering, Liability, Aviation, Crop, Credit and other specialty lines).

SegmentGross direct premiumShare
Retail₹445 cr40.1%
Hybrid₹402 cr36.1%
Commercial₹265 cr23.8%
Grand total₹1,112 cr100%

Retail/Hybrid/Commercial is this site's own classification of IRDAI's filed segments, not an IRDAI-defined category — see Underwriting Performance for the full per-segment detail this rolls up from.

Channel mix — Q1 FY26-27 (₹ crore, % of premium)

ChannelPremiumShare
Brokers₹707 cr66.7%
Agents/POSP₹220 cr20.7%
Banks₹84 cr7.9%
Corporate Agents₹35 cr3.3%
Others₹15 cr1.4%
Total₹1,061 cr100%

Regrouped from IRDAI Form NL-36's finer channel list — Agents/POSP = Individual agents + Point of Sales Persons; Others = Micro agents, Common Service Centres, Insurance Marketing Firms, MISP, Web aggregators and Referral arrangements. See Distribution Mix for the full unrounded breakdown.

Full data, every metric

Premium

gross written premium₹1,458 croreQ1 FY24-25NL-35-QUARTERLY-BUSINESS-RETURNS

Solvency

solvency ratio1.96×Q4 FY24-25NL-26-SOLVENCY-MARGIN

Solvency Margin

available solvency margin₹1,89,596 lakhQ4 FY24-25NL-26-SOLVENCY-MARGIN
required solvency margin₹96,499 lakhQ4 FY24-25NL-26-SOLVENCY-MARGIN

Claim Settlement

claim settlement ratio88.2%FY24-25Handbook-Table-53

Incurred Claims

incurred claims ratio90.1%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Combined Ratio

combined ratio127.9%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Expense Ratio

expense ratio to gross premium29.5%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
expense ratio40.2%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Financial Position

profit before tax₹-112 croreQ1 FY26-27NL-2-B-PL
profit after tax₹-84 croreQ1 FY26-27NL-2-B-PL

Underwriting

net commission ratio21.2%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
investment income ratio1.9%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
net retention ratio72.6%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
underwriting balance ratio-29.5%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
operating profit ratio-14.7%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
net earning ratio0.8%Q4 FY25-26NL-20-ANALYTICAL-RATIOS
gross direct premium to net worth ratio78.90×Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Growth

net worth growth rate-6.8%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
gross direct premium growth rate-4.5%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Distribution by Channel

Individual Agents policies82,090Q1 FY26-27NL-36-BUSINESS-CHANNELS
Corporate Agents – Others premium₹3,454 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Web Aggregators premium₹15 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Brokers premium₹70,748 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Point of Sales Person (Direct) policies39,965Q1 FY26-27NL-36-BUSINESS-CHANNELS
Corporate Agents – Banks policies1,88,536Q1 FY26-27NL-36-BUSINESS-CHANNELS
Insurance Marketing Firm premium₹892 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Point of Sales Person (Direct) premium₹5,371 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Brokers policies2,04,212Q1 FY26-27NL-36-BUSINESS-CHANNELS
Corporate Agents – Others policies24,555Q1 FY26-27NL-36-BUSINESS-CHANNELS
Micro Agents premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
MISP (Direct) premium₹571 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Corporate Agents – Banks premium₹8,421 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Insurance Marketing Firm policies10,969Q1 FY26-27NL-36-BUSINESS-CHANNELS
MISP (Direct) policies2,511Q1 FY26-27NL-36-BUSINESS-CHANNELS
Individual Agents premium₹16,592 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Web Aggregators policies117Q1 FY26-27NL-36-BUSINESS-CHANNELS
Micro Agents policies5Q1 FY26-27NL-36-BUSINESS-CHANNELS
Common Service Centres (CSC) premium₹0 lakhQ4 FY25-26NL-36-BUSINESS-CHANNELS
Common Service Centres (CSC) policies0Q4 FY25-26NL-36-BUSINESS-CHANNELS
Direct Business – Online premium₹19,042 lakhQ3 FY25-26NL-36-BUSINESS-CHANNELS
Direct Business – Online policies28,218Q3 FY25-26NL-36-BUSINESS-CHANNELS

Investment Mix

government securities3,86,901 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE
debentures & bonds1,91,956 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE
other investments19,050 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE
infrastructure & housing1,97,862 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE
equity & preference shares21,690 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE

Investment Exposure Norms

central govt. securities24.3%Q1 FY26-27NL-28B-EXPOSURE-NORMS
housing & infrastructure24.1%Q1 FY26-27NL-28B-EXPOSURE-NORMS
govt + approved securities47.2%Q1 FY26-27NL-28B-EXPOSURE-NORMS

Investment NPA

npa provision coverage100.0%Q1 FY26-27NL-30-NON-PERFORMING-ASSETS
gross npa (amount)1,831 INR_lakhsQ1 FY26-27NL-30-NON-PERFORMING-ASSETS
gross npa ratio0.23%Q1 FY25-26NL-30-NON-PERFORMING-ASSETS

Investment Yield

net yield (quarterly)1.38%Q1 FY26-27NL-31-INVESTMENT-INCOME
gross yield (quarterly)1.84%Q1 FY26-27NL-31-INVESTMENT-INCOME
gross yield (annualized)7.53%FY25-26NL-31-INVESTMENT-INCOME
net yield (annualized)5.80%FY25-26NL-31-INVESTMENT-INCOME

Revenue Mix by Segment

fire segment premium₹15,519 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
engineering segment premium₹3,438 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
crop insurance segment premium₹-155 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
marine hull segment premium₹0 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
liability segment premium₹1,119 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
aviation segment premium₹0 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
motor TP segment premium₹19,610 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
motor OD segment premium₹24,921 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
travel segment premium₹171 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
health segment premium₹33,875 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
workmen's compensation segment premium₹890 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
marine cargo segment premium₹5,649 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
personal accident segment premium₹6,133 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
other segment premium₹7,301 lakhQ2 FY22-23NL-4-PREMIUM-SCHEDULE

Other Claims

claims repudiation ratio3.12%FY24-25Handbook-Table-53
claims paid to provisioned ratio12.3%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Per Share

book value per share₹10.91Q4 FY25-26NL-20-ANALYTICAL-RATIOS
earnings per share₹0.06Q4 FY25-26NL-20-ANALYTICAL-RATIOS

Balance Sheet

debt to equity ratio0.39×Q4 FY25-26NL-20-ANALYTICAL-RATIOS
gross NPA ratio0.36%Q3 FY24-25NL-20-ANALYTICAL-RATIOS
technical reserves to premium ratio695.3%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Other

engineering combined ratio205.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
aviation combined ratio0.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
health combined ratio103.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
liability combined ratio26.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
workmen's compensation combined ratio173.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
motor tp combined ratio121.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
motor od combined ratio132.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
personal accident combined ratio116.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
travel combined ratio162.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
crop combined ratio1,418.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
fire combined ratio186.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
marine hull combined ratio0.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
marine cargo combined ratio193.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
other combined ratio105.0%Q4 FY25-26NL-20-ANALYTICAL-RATIOS
liability incurred claims ratio-5.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
workmen's compensation incurred claims ratio135.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
fire incurred claims ratio137.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
travel incurred claims ratio89.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
motor od incurred claims ratio89.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
marine cargo incurred claims ratio156.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
personal accident incurred claims ratio90.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
engineering incurred claims ratio116.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
motor tp incurred claims ratio82.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
health incurred claims ratio71.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
aviation incurred claims ratio100.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
crop incurred claims ratio318.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
marine hull incurred claims ratio0.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
other incurred claims ratio58.0%Q4 FY25-26NL-20-ANALYTICAL-RATIOS

Data from IRDAI public disclosures. Click a metric name for full history and provenance.

Compare & Reports

Generali Central Insurance (formerly Future Generali) financial performance — quarterly ratios →

Generali Central Insurance (formerly Future Generali) underwriting performance — by segment →

Generali Central Insurance (formerly Future Generali) revenue mix & quality of business →

Generali Central Insurance (formerly Future Generali) distribution mix — by channel →

Compare Generali Central Insurance (formerly Future Generali) against another general insurer →

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