Narayana Health Insurance Combined Ratio
259.0%
Q1 FY26-27
Narayana Health Insurance's combined ratio was 259% for Q1 FY26-27, as reported in IRDAI form NL-20-ANALYTICAL-RATIOS.
What this measures
Sum of the Incurred Claims Ratio and the Expense of Management Ratio as defined in IRDAI NL-20. Below 100% = underwriting profitability. Note: two different denominators — net earned premium (claims) and net written premium (expenses).
Note: Regulatory-native from NL-20. Not applicable to life insurers (different accounting model).
Historical Data
| Period | Value | Source form | Data as of |
|---|---|---|---|
| Q1 FY26-27 | 259.0 % | NL-20-ANALYTICAL-RATIOS | 2026-10-26 |
| Q4 FY25-26 | 156.0 % | NL-20-ANALYTICAL-RATIOS | 2026-10-30 |
| Q3 FY25-26 | 128.0 % | NL-20-ANALYTICAL-RATIOS | 2026-10-28 |
| Q2 FY25-26 | 128.4 % | NL-20-ANALYTICAL-RATIOS | 2026-10-28 |
Provenance
- Reported by
- Narayana Health Insurance
- Regulatory form
- NL-20-ANALYTICAL-RATIOS · what this form contains
- Reporting period
- Q1 FY26-27
- Source document
- textplor-vendor-2026-27-Q1.xlsx · Narayana Health Insurance's disclosure page
- Extracted by
- EverythingInsurance Research (vendor-compiled dataset, textplor.com, offline 2026-10-26)
- Last verified
- 2026-10-26
- Note
- Corrected 2026-10-26: verified against independent primary-source PDF Finacial_Report_Q1_2026_27_5f0f8f9805.pdf page 22, row [10, Combined Ratio, 2.59, 4.71] for [Jun 30 2026, Jun 30 2025] -- table has zero percent signs anywhere, confirming bare-decimal convention, needs x100. 2.59x100=259.0. (Original vendor value 2.59 matched this PDF exactly, just unconverted.)