Kshema General Insurance — Underwriting Performance
Kshema General Insurance: Crop led at 45.2% of gross direct premium (₹1,536.71 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 | ₹924.42 lakh | 27.2% | |||||||||||||||||||||||||||
Retail segments (2)
| |||||||||||||||||||||||||||||
| Hybrid | ₹861.73 lakh | 25.4% | |||||||||||||||||||||||||||
Hybrid segments (3)
| |||||||||||||||||||||||||||||
| Commercial | ₹1,612.17 lakh | 47.4% | |||||||||||||||||||||||||||
Commercial segments (9)
| |||||||||||||||||||||||||||||
| Grand total | ₹3,398.32 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 | ₹20.28 lakh | ₹0.12 lakh | ₹0 lakh | ₹0 lakh | 0.6% |
| Marine Cargo GDP | ₹0 lakh | ₹0 lakh | ₹0 lakh | ₹0 lakh | 0.0% |
| Marine Hull GDP | ₹0 lakh | ₹0 lakh | ₹0 lakh | ₹0 lakh | 0.0% |
| Motor OD GDP | ₹0 lakh | ₹0 lakh | ₹0 lakh | ₹0 lakh | 0.0% |
| Motor TP GDP | ₹924.42 lakh | ₹125.52 lakh | ₹0 lakh | ₹0 lakh | 27.2% |
| Health GDP | ₹855.36 lakh | ₹7.53 lakh | ₹3.71 lakh | ₹0.83 lakh | 25.2% |
| Personal Accident GDP | ₹6.37 lakh | ₹6.54 lakh | ₹2.62 lakh | ₹0.05 lakh | 0.2% |
| Travel GDP | ₹0 lakh | ₹0 lakh | ₹0 lakh | ₹0 lakh | 0.0% |
| Workmen's Comp. GDP | ₹0 lakh | ₹0 lakh | ₹0 lakh | ₹0 lakh | 0.0% |
| Liability GDP | ₹50.38 lakh | ₹0 lakh | ₹0 lakh | ₹0 lakh | 1.5% |
| Engineering GDP | ₹4.8 lakh | ₹0 lakh | ₹0 lakh | ₹0 lakh | 0.1% |
| Aviation GDP | ₹0 lakh | ₹0 lakh | ₹0 lakh | ₹0 lakh | 0.0% |
| Crop GDP | ₹1,536.71 lakh | ₹52,716.83 lakh | ₹23,031.29 lakh | ₹1,646.19 lakh | 45.2% |
| Other GDP | ₹0 lakh | ₹0 lakh | ₹0 lakh | ₹0 lakh | 0.0% |
| Total gross direct premium | ₹3,398.32 lakh | ₹52,856.54 lakh | ₹23,037.62 lakh | ₹1,647.07 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 | 97.4% | 97.4% |
| Motor OD | 100.5% | 310.9% |
| Health | 94.0% | 266.9% |
| Personal Accident | 31.0% | 406.4% |
| Liability | 80.9% | 253.8% |
| Engineering | 156.8% | 811.8% |
| Crop | 340.2% | 554.2% |
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 (Crop GDP, latest quarter)
- Reported by
- Kshema General Insurance
- Regulatory form
- NL-4-PREMIUM-SCHEDULE · what this form contains
- Reporting period
- Q1 FY26-27
- Source document
- pdfs/kshema-general/nl-4-premium-earned.pdf · Kshema General Insurance's disclosure page
- Extracted by
- irw_adapter v1
- Last verified
- 2026-10-24
- Note
- NL-4 segment GDP, for the quarter (sum=3,398 vs Grand Total=3398.32)