ICICI Lombard General Insurance Underwriting Balance Ratio
-0.1%
Q1 FY26-27
ICICI Lombard General Insurance's underwriting balance ratio was -0.11% for Q1 FY26-27, as reported in IRDAI form NL-20-ANALYTICAL-RATIOS.
What this measures
Underwriting profit or loss as a percentage of Net Written Premium. Positive = underwriting surplus; negative = underwriting deficit. Equivalent to 100% minus the Combined Ratio when both expense denominators are NWP. Most general insurers globally operate with underwriting deficits, relying on investment income to break even.
Note: NL-20 analytical ratios. A negative value is not necessarily bad — it is common in competitive markets. Display with sign; do not suppress losses.
Historical Data
| Period | Value | Source form | Data as of |
|---|---|---|---|
| Q1 FY26-27 | -0.1 % | NL-20-ANALYTICAL-RATIOS | 2026-09-10 |
| Q4 FY25-26 | -0.1 % | NL-20-ANALYTICAL-RATIOS | 2026-09-10 |
| Q3 FY25-26 | -6.2 % | NL-20-ANALYTICAL-RATIOS | 2026-09-10 |
| Q2 FY25-26 | -0.0 % | NL-20-ANALYTICAL-RATIOS | 2026-09-10 |
| Q1 FY25-26 | -0.1 % | NL-20-ANALYTICAL-RATIOS | 2026-09-10 |
Provenance
- Reported by
- ICICI Lombard 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 · ICICI Lombard General Insurance's disclosure page
- Extracted by
- nonlife_adapter.py v1
- Last verified
- 2026-09-10
- Note
- NL-20 row-format label match: underwriting_balance