Liberty General Insurance — Underwriting Performance

Liberty General Insurance: Motor OD led at 34.3% of gross direct premium (₹25,515 lakh) for Q1 FY26-27, per IRDAI form NL-4.

combined ratio, Q1 FY26-27

121.0%

+15.0 pts

incurred claims ratio, Q1 FY26-27

81.0%

+2.0 pts

net commission ratio, Q1 FY26-27

26.0%

+10.0 pts

expense ratio to gross premium, Q1 FY26-27

39.0%

+2.0 pts

Total gross direct premium, Q1 FY26-27

₹74,317 lakh

+23.8%

Largest segment, Q1 FY26-27

Motor OD

34.3% of gross direct premium

Business mix by segment — Q1 FY26-27

Classification

Gross direct premium

Share of business

Retail

₹50,538 lakh

Retail segments (2)

Motor OD	₹25,515 lakh	50.5%
Motor TP	₹25,023 lakh	49.5%

Hybrid

₹17,925 lakh

Hybrid segments (3)

Health	₹16,474 lakh	91.9%
Travel	₹923 lakh	5.1%
Personal Accident	₹528 lakh	2.9%

Commercial

₹5,854 lakh

Commercial segments (5)

Fire	₹2,088 lakh	35.7%
Liability	₹1,600 lakh	27.3%
Engineering	₹1,191 lakh	20.3%
Marine Cargo	₹678 lakh	11.6%
Workmen's Comp.	₹297 lakh	5.1%

Grand total

₹74,317 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	₹2,088 lakh	₹1,363 lakh	₹1,634 lakh	₹1,894 lakh	2.8%
Marine Cargo GDP	₹678 lakh	₹514 lakh	₹337 lakh	₹398 lakh	0.9%
Marine Hull GDP	Not disclosed	Not disclosed	Not disclosed	Not disclosed	—
Motor OD GDP	₹25,515 lakh	₹27,199 lakh	₹31,011 lakh	₹27,364 lakh	34.3%
Motor TP GDP	₹25,023 lakh	₹29,499 lakh	₹30,301 lakh	₹23,758 lakh	33.7%
Health GDP	₹16,474 lakh	₹8,321 lakh	₹6,552 lakh	₹11,996 lakh	22.2%
Personal Accident GDP	₹528 lakh	₹236 lakh	₹140 lakh	₹502 lakh	0.7%
Travel GDP	₹923 lakh	₹1,177 lakh	₹1,163 lakh	₹703 lakh	1.2%
Workmen's Comp. GDP	₹297 lakh	₹280 lakh	₹263 lakh	₹186 lakh	0.4%
Liability GDP	₹1,600 lakh	₹741 lakh	₹976 lakh	₹1,303 lakh	2.2%
Engineering GDP	₹1,191 lakh	₹1,211 lakh	₹875 lakh	₹1,077 lakh	1.6%
Aviation GDP	Not disclosed	Not disclosed	Not disclosed	Not disclosed	—
Crop GDP	Not disclosed	Not disclosed	Not disclosed	Not disclosed	—
Other GDP	Not disclosed	Not disclosed	Not disclosed	Not disclosed	—
Total gross direct premium	₹74,317 lakh	₹70,541 lakh	₹73,252 lakh	₹69,181 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	56.0%	97.0%
Marine Cargo	91.0%	127.0%
Marine Hull	0.0%	0.0%
Motor OD	78.0%	135.0%
Motor TP	63.0%	99.0%
Health	99.0%	122.0%
Personal Accident	120.0%	141.0%
Travel	78.0%	88.0%
Workmen's Comp.	122.0%	162.0%
Liability	21.0%	49.0%
Engineering	406.0%	444.0%
Aviation	50.0%	-4350.0%

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 (Motor OD GDP, latest quarter)

Reported by: Liberty General Insurance
Regulatory form: NL-4-PREMIUM-SCHEDULE · what this form contains
Reporting period: Q1 FY26-27
Source document: textplor-vendor-2026-27-Q1.xlsx · Liberty 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.