HDFC ERGO General Insurance is a general insurance company licensed by IRDAI (registration number 146). Its solvency ratio of 2.18× as of Q1 FY26-27 exceeds the IRDAI mandatory minimum of 1.5×, ranking 8th among 27 general insurers. The company reported gross written premium of ₹15025 crore in Q4 FY25-26, ranking 1st by premium among 15 general insurers. Its incurred claim ratio of 87.5% in Q1 FY26-27 is above the general insurer median of 85.6%, ranking 18th among 27 general insurers. Its combined ratio of 110.6% 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, Q4 FY25-26
₹15,025 cr
GDPI, Q1 FY26-27
₹4,125 cr
Gross Direct Premium Income
HDFC ERGO General Insurance: Hybrid business — Health, Personal Accident and Travel together — made up 53.0% of gross direct premium in Q1 FY26-27; Brokers carried 45.7% 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).
Segment
Gross direct premium
Share
Retail
₹888 cr
21.5%
Hybrid
₹2,185 cr
53.0%
Commercial
₹1,052 cr
25.5%
Grand total
₹4,125 cr
100%
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)
Channel
Premium
Share
Brokers
₹1,883 cr
45.7%
Agents/POSP
₹992 cr
24.0%
Direct non-website
₹496 cr
12.0%
Banks
₹437 cr
10.6%
Corporate Agents
₹149 cr
3.6%
Direct Website
₹128 cr
3.1%
Others
₹41 cr
1.0%
Total
₹4,125 cr
100%
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.