National Insurance Company Underwriting Balance Ratio
-36.0%
Q1 FY26-27
National Insurance Company's underwriting balance ratio was -36% 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 | -36.0 % | NL-20-ANALYTICAL-RATIOS | 2026-10-26 |
| Q4 FY25-26 | -68.0 % | NL-20-ANALYTICAL-RATIOS | 2026-10-31 |
| Q3 FY25-26 | -26.0 % | NL-20-ANALYTICAL-RATIOS | 2026-10-26 |
| Q2 FY25-26 | -42.0 % | NL-20-ANALYTICAL-RATIOS | 2026-10-26 |
| Q1 FY25-26 | -36.0 % | NL-20-ANALYTICAL-RATIOS | 2026-10-26 |
Provenance
- Reported by
- National Insurance Company
- Regulatory form
- NL-20-ANALYTICAL-RATIOS · what this form contains
- Reporting period
- Q1 FY26-27
- Source document
- pdfs/national-insurance/NL-20-ANALYTICAL RATIOS SCHEDULE.pdf · National Insurance Company's disclosure page
- Extracted by
- irw_adapter v1
- Last verified
- 2026-10-26
- Note
- NL-20 row: Underwriting balance ratio