Narayana Health Insurance Underwriting Balance Ratio
-220.0%
Q1 FY26-27
Narayana Health Insurance's underwriting balance ratio was -220% for Q1 FY26-27, as reported in IRDAI form NL-20-ANALYTICAL-RATIOS.
What this measures
Underwriting profit or loss as a percentage of Net Written Premium. Positive = underwriting surplus; negative = underwriting deficit. Equivalent to 100% minus the Combined Ratio when both expense denominators are NWP. Most general insurers globally operate with underwriting deficits, relying on investment income to break even.
Note: NL-20 analytical ratios. A negative value is not necessarily bad — it is common in competitive markets. Display with sign; do not suppress losses.
Historical Data
| Period | Value | Source form | Data as of |
|---|---|---|---|
| Q1 FY26-27 | -220.0 % | NL-20-ANALYTICAL-RATIOS | 2026-10-26 |
| Q4 FY25-26 | -198.0 % | NL-20-ANALYTICAL-RATIOS | 2026-10-30 |
| Q3 FY25-26 | -163.0 % | NL-20-ANALYTICAL-RATIOS | 2026-10-28 |
| Q2 FY25-26 | -162.7 % | 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 [13, Underwriting balance ratio, -2.20, -8.74] for [Jun 30 2026, Jun 30 2025] -- bare-decimal table, needs x100. -2.20x100=-220.0.