Factuary

Magma General Insurance Solvency Ratio

1.84×
Q1 FY26-27
Higher is better

Magma General Insurance's solvency ratio was 1.84× for Q1 FY26-27, as reported in IRDAI form NL-26-SOLVENCY-MARGIN.

What this measures

Ratio of Available Solvency Margin (ASM) to Required Solvency Margin (RSM). IRDAI mandates a minimum of 1.5× for all insurers. A ratio above 1.5 indicates a buffer above the regulatory floor.

Note: Regulatory minimum: 1.5×. Life: reported within Form L-22 Analytical Ratios. Non-life: NL-20 analytical ratios section.

Historical Data

PeriodValueSource formData as of
Q1 FY26-271.84 ×NL-26-SOLVENCY-MARGIN2026-10-26
Q4 FY25-261.74 ×NL-26-SOLVENCY-MARGIN2026-10-31
Q3 FY25-261.81 ×NL-26-SOLVENCY-MARGIN2026-10-28
Q2 FY25-261.90 ×NL-26-SOLVENCY-MARGIN2026-10-28
Q4 FY24-252.02 ×Statement-122026-09-10
Q3 FY24-251.79 ×Statement-122026-09-10
Q2 FY24-251.77 ×Statement-122026-09-10
Q1 FY24-251.81 ×Statement-122026-09-10
Q4 FY23-242.05 ×Table-492026-09-19
Q3 FY23-242.10 ×Statement-122026-09-10
Q2 FY23-242.02 ×Statement-122026-09-10
Q1 FY23-242.32 ×Statement-122026-09-10
Q4 FY22-232.10 ×Table-492026-09-19
Q3 FY22-231.70 ×Statement-122026-09-10
Q2 FY22-232.19 ×Statement-122026-09-10
Q1 FY22-232.77 ×Statement-122026-09-10
Q4 FY21-221.76 ×Table-492026-09-19
Q3 FY21-221.61 ×Statement-162026-09-10
Q2 FY21-221.82 ×Statement-162026-09-10
Q1 FY21-221.82 ×Statement-162026-09-10
Q4 FY20-211.79 ×Table-492026-09-19
Q3 FY20-211.81 ×Statement-172026-09-10
Q2 FY20-211.78 ×Statement-172026-09-10
Q1 FY20-211.75 ×Statement-172026-09-10
Q4 FY19-201.71 ×Table-492026-09-19

Provenance

Reported by
Magma General Insurance
Regulatory form
NL-26-SOLVENCY-MARGIN · what this form contains
Reporting period
Q1 FY26-27
Source document
NL_Q1_FY2026-27.pdf · Magma General Insurance's disclosure page
Extracted by
irw_adapter v1
Last verified
2026-10-26
Note
NL-26 solvency ratio regex
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