Factuary

Kshema General Insurance Insurance Data

generalRegistration number unverified

New-generation general insurer.

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IRDAI Disclosures ↗
Provenance note: The IRDAI registration number for this insurer is not yet verified from the official IRDAI registry. Data is published as filed, but treat with care for regulatory comparisons.

Kshema General Insurance is a general insurance company licensed by IRDAI. Its solvency ratio of 1.53× as of Q1 FY26-27 exceeds the IRDAI mandatory minimum of 1.5×, ranking 24th among 27 general insurers. The company reported gross written premium of ₹281 crore in Q1 FY26-27, ranking 13th by premium among 15 general insurers. Its incurred claim ratio of 298.8% in Q1 FY26-27 is above the general insurer median of 85.6%, ranking 26th among 27 general insurers. Its combined ratio of 500.5% 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 FY26-27
₹281 cr
GDPI, Q1 FY26-27
₹34 cr
Gross Direct Premium Income

Kshema General Insurance: Commercial business — Fire, Marine and other specialty lines — made up 47.4% of gross direct premium in Q1 FY26-27; Brokers carried 54.8% 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₹9 cr27.2%
Hybrid₹9 cr25.4%
Commercial₹16 cr47.4%
Grand total₹34 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₹19 cr54.8%
Banks₹9 cr27.9%
Others₹6 cr17.3%
Total₹34 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₹281 croreQ1 FY26-27NL-35-QUARTERLY-BUSINESS-RETURNS

Solvency

solvency ratio1.53×Q1 FY26-27NL-26-SOLVENCY-MARGIN

Solvency Margin

available solvency margin₹17,252 lakhQ1 FY26-27NL-26-SOLVENCY-MARGIN
required solvency margin₹11,309 lakhQ1 FY26-27NL-26-SOLVENCY-MARGIN

Claim Settlement

claim settlement ratio42.7%Q1 FY25-26NL-37-CLAIMS-DATA

Incurred Claims

incurred claims ratio298.8%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Combined Ratio

combined ratio500.5%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Expense Ratio

expense ratio to gross premium170.6%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
expense ratio201.7%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Financial Position

profit after tax₹-65 croreQ1 FY26-27NL-2-B-PL
profit before tax₹-65 croreQ1 FY26-27NL-2-B-PL

Underwriting

net retention ratio84.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
net commission ratio18.9%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
investment income ratio6.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
underwriting balance ratio-632.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
operating profit ratio-514.4%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
net earning ratio-227.4%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
gross direct premium to net worth ratio12.81×Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Growth

net worth growth rate0.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
gross direct premium growth rate-96.8%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Distribution by Channel

Micro Agents premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Corporate Agents – Others policies0Q1 FY26-27NL-36-BUSINESS-CHANNELS
MISP (Direct) premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Referral Arrangements policies0Q1 FY26-27NL-36-BUSINESS-CHANNELS
Corporate Agents – Banks policies2,31,529Q1 FY26-27NL-36-BUSINESS-CHANNELS
MISP (Direct) policies0Q1 FY26-27NL-36-BUSINESS-CHANNELS
Individual Agents policies0Q1 FY26-27NL-36-BUSINESS-CHANNELS
Corporate Agents – Banks premium₹942 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Point of Sales Person (Direct) premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Other policies0Q1 FY26-27NL-36-BUSINESS-CHANNELS
Web Aggregators policies0Q1 FY26-27NL-36-BUSINESS-CHANNELS
Brokers premium₹1,853 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Individual Agents premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Other premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Brokers policies9,303Q1 FY26-27NL-36-BUSINESS-CHANNELS
Point of Sales Person (Direct) policies0Q1 FY26-27NL-36-BUSINESS-CHANNELS
Insurance Marketing Firm policies0Q1 FY26-27NL-36-BUSINESS-CHANNELS
Referral Arrangements premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Common Service Centres (CSC) premium₹586 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Common Service Centres (CSC) policies29,728Q1 FY26-27NL-36-BUSINESS-CHANNELS
Micro Agents policies0Q1 FY26-27NL-36-BUSINESS-CHANNELS
Web Aggregators premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Insurance Marketing Firm premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Corporate Agents – Others premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS

Investment Mix

infrastructure & housing6,538 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE
mutual funds2,147 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE
equity & preference shares1,074 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE
government securities10,124 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE
other investments3,160 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE
debentures & bonds6,044 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE

Investment Exposure Norms

govt + approved securities34.6%Q1 FY26-27NL-28B-EXPOSURE-NORMS
housing & infrastructure22.3%Q1 FY26-27NL-28B-EXPOSURE-NORMS
central govt. securities29.3%Q1 FY26-27NL-28B-EXPOSURE-NORMS

Investment NPA

gross npa ratio0.00%Q1 FY26-27NL-30-NON-PERFORMING-ASSETS
npa provision coverage0.0%Q1 FY26-27NL-30-NON-PERFORMING-ASSETS
gross npa (amount)0 INR_lakhsQ1 FY26-27NL-30-NON-PERFORMING-ASSETS

Investment Yield

net yield (quarterly)0.06%Q3 FY25-26NL-31-INVESTMENT-INCOME
gross yield (quarterly)0.06%Q3 FY25-26NL-31-INVESTMENT-INCOME
net yield (annualized)0.07%FY24-25NL-31-INVESTMENT-INCOME
gross yield (annualized)0.07%FY24-25NL-31-INVESTMENT-INCOME

Revenue Mix by Segment

liability segment premium₹50 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
other segment premium₹0 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
aviation segment premium₹0 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
health segment premium₹855 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
motor OD segment premium₹0 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
motor TP segment premium₹924 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
engineering segment premium₹5 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
travel segment premium₹0 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
marine cargo segment premium₹0 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
workmen's compensation segment premium₹0 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
fire segment premium₹20 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
marine hull segment premium₹0 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
personal accident segment premium₹6 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
crop insurance segment premium₹1,537 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE

Other Claims

claims repudiation ratio52.74%FY24-25Handbook-Table-53
claims paid to provisioned ratio100.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Per Share

book value per share₹10.00Q1 FY26-27NL-20-ANALYTICAL-RATIOS
earnings per share₹-2.60Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Balance Sheet

debt to equity ratio0.00×Q4 FY24-25NL-20-ANALYTICAL-RATIOS
technical reserves to premium ratio611.9%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Other

crop incurred claims ratio340.2%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
engineering incurred claims ratio156.8%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
fire incurred claims ratio97.4%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
motor od incurred claims ratio100.5%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
personal accident incurred claims ratio31.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
health incurred claims ratio94.1%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
liability incurred claims ratio80.9%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
motor tp incurred claims ratio88.6%Q4 FY25-26NL-20-ANALYTICAL-RATIOS
fire combined ratio97.4%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
crop combined ratio554.2%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
motor od combined ratio310.9%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
engineering combined ratio811.8%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
health combined ratio266.9%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
liability combined ratio253.8%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
personal accident combined ratio406.4%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
motor tp combined ratio164.8%Q4 FY25-26NL-20-ANALYTICAL-RATIOS

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

Compare & Reports

Kshema General Insurance financial performance — quarterly ratios →

Kshema General Insurance underwriting performance — by segment →

Kshema General Insurance revenue mix & quality of business →

Kshema General Insurance distribution mix — by channel →

Compare Kshema General Insurance against another general insurer →

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