National Insurance Company — Revenue Mix & Quality of Business
National Insurance Company's revenue mix was led by Health at 45.0% of gross direct premium for Q1 FY26-27, as reported in IRDAI form NL-4.
combined ratio, Q1 FY26-27
134.4%
−0.5 pts
incurred claims ratio, Q1 FY26-27
98.9%
−4.2 pts
net commission ratio, Q1 FY26-27
10.7%
−2.8 pts
expense ratio to gross premium, Q1 FY26-27
31.8%
+4.7 pts
Total gross direct premium, Q1 FY26-27
₹4,21,691 lakh
+7.8%
Largest line, Q1 FY26-27
Health
45.0% 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
11.2%
7.0%
5.1%
10.1%
8.9%
Marine
2.0%
2.2%
1.3%
2.0%
1.8%
Marine segments (2)
Line
Q1 FY26-27
FY25-26
Marine Cargo
₹5,029 lakh
₹14,043 lakh
Marine Hull
₹3,347 lakh
₹16,896 lakh
Motor
32.0%
42.2%
26.8%
30.8%
32.7%
Motor segments (2)
Line
Q1 FY26-27
FY25-26
Motor TP
₹91,131 lakh
₹3,94,949 lakh
Motor OD
₹43,901 lakh
₹1,70,362 lakh
Health
45.0%
40.6%
58.2%
52.8%
51.0%
Health segments (3)
Line
Q1 FY26-27
FY25-26
Health
₹1,49,925 lakh
₹8,20,065 lakh
Personal Accident
₹39,683 lakh
₹60,515 lakh
Travel
₹0 lakh
—
Other lines
9.8%
7.9%
8.6%
4.3%
5.6%
Other lines segments (6)
Line
Q1 FY26-27
FY25-26
Other
₹14,971 lakh
—
Engineering
₹13,903 lakh
₹53,899 lakh
Liability
₹7,861 lakh
₹28,580 lakh
Aviation
₹2,043 lakh
₹4,058 lakh
Workmen's Comp.
₹1,526 lakh
₹5,409 lakh
Crop
₹1,217 lakh
₹4,391 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.