HDFC ERGO General Insurance — Underwriting Performance
HDFC ERGO General Insurance: Health led at 47.6% of gross direct premium (₹1,96,532 lakh) for Q1 FY26-27, per IRDAI form NL-4.
Business mix by segment — Q1 FY26-27
| Classification | Gross direct premium | Share of business | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Retail | ₹88,776 lakh | 21.5% | |||||||||||||||||||||||||||
Retail segments (2)
| |||||||||||||||||||||||||||||
| Hybrid | ₹2,18,549 lakh | 53.0% | |||||||||||||||||||||||||||
Hybrid segments (3)
| |||||||||||||||||||||||||||||
| Commercial | ₹1,05,203 lakh | 25.5% | |||||||||||||||||||||||||||
Commercial segments (9)
| |||||||||||||||||||||||||||||
| Grand total | ₹4,12,528 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 | ₹52,442 lakh | ₹24,724 lakh | ₹32,339 lakh | ₹45,249 lakh | 12.7% |
| Marine Cargo GDP | ₹7,067 lakh | ₹2,376 lakh | ₹2,982 lakh | ₹2,510 lakh | 1.7% |
| Marine Hull GDP | ₹330 lakh | ₹96 lakh | ₹216 lakh | ₹301 lakh | 0.1% |
| Motor OD GDP | ₹54,367 lakh | ₹53,355 lakh | ₹53,985 lakh | ₹40,603 lakh | 13.2% |
| Motor TP GDP | ₹34,409 lakh | ₹37,900 lakh | ₹32,008 lakh | ₹22,062 lakh | 8.3% |
| Health GDP | ₹1,96,532 lakh | ₹2,18,269 lakh | ₹1,62,442 lakh | ₹1,37,824 lakh | 47.6% |
| Personal Accident GDP | ₹19,680 lakh | ₹10,491 lakh | ₹10,354 lakh | ₹12,982 lakh | 4.8% |
| Travel GDP | ₹2,337 lakh | ₹859 lakh | ₹1,235 lakh | ₹1,881 lakh | 0.6% |
| Workmen's Comp. GDP | ₹1,455 lakh | ₹1,005 lakh | ₹997 lakh | ₹957 lakh | 0.4% |
| Liability GDP | ₹307 lakh | ₹267 lakh | ₹96 lakh | ₹238 lakh | 0.1% |
| Engineering GDP | ₹10,406 lakh | ₹6,361 lakh | ₹8,972 lakh | ₹8,793 lakh | 2.5% |
| Aviation GDP | ₹455 lakh | ₹207 lakh | ₹264 lakh | ₹83 lakh | 0.1% |
| Crop GDP | ₹2,154 lakh | ₹28,558 lakh | ₹25,973 lakh | ₹92,312 lakh | 0.5% |
| Other GDP | ₹30,587 lakh | Not disclosed | Not disclosed | Not disclosed | 7.4% |
| Total gross direct premium | ₹4,12,528 lakh | ₹3,84,468 lakh | ₹3,31,863 lakh | ₹3,65,795 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 |
|---|---|---|
| Fire | 95.5% | 19.1% |
| Marine Cargo | 100.0% | 122.0% |
| Marine Hull | 80.0% | 2317.9% |
| Motor OD | 69.1% | 220.8% |
| Motor TP | 95.0% | 135.8% |
| Health | 90.8% | 105.5% |
| Personal Accident | 39.8% | 16.7% |
| Travel | 55.8% | 107.0% |
| Workmen's Comp. | 82.1% | 113.7% |
| Liability | -72.0% | -70.2% |
| Engineering | 120.9% | 141.9% |
| Aviation | 101.9% | 1103.2% |
| Crop | 105.5% | 327.3% |
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
- HDFC ERGO General Insurance
- Regulatory form
- NL-4-PREMIUM-SCHEDULE · what this form contains
- Reporting period
- Q1 FY26-27
- Source document
- pdfs/hdfc-ergo/NL-4-PREMIUMSCHEDULE-966491708487.pdf · HDFC ERGO General Insurance's disclosure page
- Extracted by
- irw_adapter v1
- Last verified
- 2026-10-25
- Note
- NL-4 segment GDP, for the quarter (sum=412,528 vs Grand Total=412528.0)