HDFC ERGO General Insurance — Financial Performance
HDFC ERGO General Insurance's combined ratio was 110.6% 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 | 87.5%−4.4 pts | 85.9%+3.8 pts | 87.1%+1.3 pts | 93.1%+3.8 pts | 91.9%−8.4 pts |
| net commission ratio | -6.3%−6.3 pts | Not disclosed | Not disclosed | Not disclosed | 0.0% |
| expense ratio to gross premium | 31.8%+0.1 pts | 33.6%+2.9 pts | 34.7%+2.4 pts | 27.8%+5.3 pts | 31.7%+3.1 pts |
| combined ratio | 110.6%−9.5 pts | 111.8%−12.3 pts | 116.4%−16.8 pts | 118.3%+7.4 pts | 120.1%−8.7 pts |
| solvency ratio | 2.18×+0.12× | 2.07×+0.07× | 2.19×+0.44× | 2.10×+0.32× | 2.07×+0.50× |
| profit before tax | ₹292 crore+6.0% | ₹211 crore | ₹349 crore | ₹243 crore | ₹276 crore |
| profit after tax | ₹220 crore+6.1% | ₹160 crore | ₹263 crore | ₹183 crore | ₹207 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 | FY24-25 |
|---|---|
| incurred claims ratio | 89.5% |
| net commission ratio | 7.5% |
| expense ratio to gross premium | 27.9% |
| combined ratio | 122.8% |
Provenance (combined ratio, latest quarter)
- Reported by
- HDFC ERGO General Insurance
- Regulatory form
- NL-20-ANALYTICAL-RATIOS · what this form contains
- Reporting period
- Q1 FY26-27
- Source document
- 2026-06-30_NL-20.pdf · HDFC ERGO General Insurance's disclosure page
- Extracted by
- nonlife_adapter.py v1
- Last verified
- 2026-09-10
- Note
- NL-20 row-format label match: combined_ratio