Kshema General Insurance — Financial Performance
Kshema General Insurance's combined ratio was 500.5% 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 | 298.8%+223.6 pts | 61.1%−7.4 pts | 83.9% | 158.3% | 75.2% |
| net commission ratio | 18.9%+21.1 pts | -3.7%−7.0 pts | -3.9% | 0.4% | -2.2% |
| expense ratio to gross premium | 170.6%+152.4 pts | 9.4%−77.4 pts | 25.4% | 476.7% | 18.2% |
| combined ratio | 500.5%+403.6 pts | 75.4%−157.0 pts | 121.9% | 887.2% | 97.0% |
| solvency ratio | 1.53×+0.01× | 1.82×+0.29× | 1.57×−0.20× | 1.51×−0.32× | 1.52×−0.16× |
| profit before tax | ₹-65 crore−555.0% | ₹101 crore+429.0% | ₹-23 crore | ₹-79 crore | ₹14 crore |
| profit after tax | ₹-65 crore−688.4% | ₹100 crore+515.9% | ₹-26 crore | ₹-76 crore | ₹11 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 | FY25-26 | FY24-25 | FY23-24 |
|---|---|---|---|
| incurred claims ratio | 72.6% | 65.7% | 72.0% |
| net commission ratio | -3.2% | -1.9% | -1.0% |
| expense ratio to gross premium | 22.5% | 22.4% | 13.0% |
| combined ratio | 107.8% | 95.1% | 88.0% |
| profit before tax | ₹13 crore | ₹53 crore | ₹60 crore |
| profit after tax | ₹9 crore | ₹38 crore | ₹45 crore |
Provenance (combined ratio, latest quarter)
- Reported by
- Kshema General Insurance
- Regulatory form
- NL-20-ANALYTICAL-RATIOS · what this form contains
- Reporting period
- Q1 FY26-27
- Source document
- textplor-vendor-2026-27-Q1.xlsx · Kshema General Insurance's disclosure page
- Extracted by
- EverythingInsurance Research (vendor-compiled dataset, textplor.com, offline 2026-10-26)
- Last verified
- 2026-10-26
- Note
- Vendor-aggregated dataset, not pulled directly from insurer's own public disclosure page. Gap-fill only (no existing value for this insurer/metric/period). Cross-check against insurer's own source queued separately -- see project-log/quarterly-update-runbook.md.