Magma General Insurance — Revenue Mix & Quality of Business
Magma General Insurance's revenue mix was led by Motor at 51.0% of gross direct premium for Q1 FY26-27, as reported in IRDAI form NL-4.
combined ratio, Q1 FY26-27
118.5%
+2.9 pts
incurred claims ratio, Q1 FY26-27
84.3%
+0.3 pts
net commission ratio, Q1 FY26-27
20.9%
+0.3 pts
expense ratio to gross premium, Q1 FY26-27
32.7%
+2.7 pts
Total gross direct premium, Q1 FY26-27
₹83,503 lakh
−4.3%
Largest line, Q1 FY26-27
Motor
51.0% of gross direct premium
Revenue mix — % of gross direct premium by segment, Q2 FY25-26 to Q1 FY26-27
Segment
Q1 FY26-27
Q4 FY25-26
Q3 FY25-26
Q2 FY25-26
FY25-26
Fire
9.3%
13.1%
4.8%
7.0%
9.7%
Marine
1.6%
2.3%
0.9%
1.4%
1.5%
Marine segments (1)
Line
Q1 FY26-27
FY25-26
Marine Cargo
₹1,354 lakh
₹5,173 lakh
Motor
51.0%
55.6%
68.0%
60.1%
59.5%
Motor segments (2)
Line
Q1 FY26-27
FY25-26
Motor TP
₹31,080 lakh
₹1,56,325 lakh
Motor OD
₹11,489 lakh
₹50,141 lakh
Health
36.9%
27.3%
24.7%
29.8%
27.8%
Health segments (2)
Line
Q1 FY26-27
FY25-26
Health
₹29,598 lakh
₹92,051 lakh
Personal Accident
₹1,247 lakh
₹4,369 lakh
Other lines
1.2%
1.7%
1.6%
1.7%
1.6%
Other lines segments (3)
Line
Q1 FY26-27
FY25-26
Engineering
₹610 lakh
₹4,431 lakh
Workmen's Comp.
₹346 lakh
₹1,179 lakh
Liability
₹14 lakh
₹56 lakh
% of gross direct premium per IRDAI Form NL-4 (Premium Schedule); FY columns sum all four quarters' "for the quarter" figures and only appear for fiscal years where all four quarters are available — an incomplete year isn't shown as an annual total. Health includes Personal Accident and Travel; click a line with more than one segment to see its own breakdown (latest quarter and latest complete fiscal year only — quarterly splits for lines this small are noisy to trend). The tiles above are company-wide ratios, as filed — not segment-specific; segment-level incurred claims ratio for the largest lines (IRDAI Forms NL-5 / NL-20 segmental) hasn't been extracted for this insurer yet, so it isn't shown here rather than estimated. SeeUnderwriting Performance for the full per-segment history.