National Insurance Company — Underwriting Performance
National Insurance Company: Health led at 35.6% of gross direct premium (₹1,49,925 lakh) for Q1 FY26-27, per IRDAI form NL-4.
Business mix by segment — Q1 FY26-27
| Classification | Gross direct premium | Share of business | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Retail | ₹1,35,032 lakh | 32.0% | |||||||||||||||||||||||||||
Retail segments (2)
| |||||||||||||||||||||||||||||
| Hybrid | ₹1,89,608 lakh | 45.0% | |||||||||||||||||||||||||||
Hybrid segments (3)
| |||||||||||||||||||||||||||||
| Commercial | ₹97,051 lakh | 23.0% | |||||||||||||||||||||||||||
Commercial segments (9)
| |||||||||||||||||||||||||||||
| Grand total | ₹4,21,691 lakh | 100% | |||||||||||||||||||||||||||
Retail/Hybrid/Commercial is this site's own classification of IRDAI's filed segments, not an IRDAI-defined category — click through to the full per-segment breakdown below for the underlying filed detail, or the combined ratio & ICR by segment table further down for each segment's own profitability ratios.
Gross direct premium by segment — full detail, Q2 FY25-26 to Q1 FY26-27
| Segment | Q1 FY26-27 | Q4 FY25-26 | Q3 FY25-26 | Q2 FY25-26 | % of total, Q1 FY26-27 |
|---|---|---|---|---|---|
| Fire GDP | ₹47,154 lakh | ₹27,870 lakh | ₹29,883 lakh | ₹39,761 lakh | 11.2% |
| Marine Cargo GDP | ₹5,029 lakh | ₹3,716 lakh | ₹3,377 lakh | ₹3,406 lakh | 1.2% |
| Marine Hull GDP | ₹3,347 lakh | ₹5,113 lakh | ₹3,928 lakh | ₹4,509 lakh | 0.8% |
| Motor OD GDP | ₹43,901 lakh | ₹46,670 lakh | ₹46,834 lakh | ₹37,961 lakh | 10.4% |
| Motor TP GDP | ₹91,131 lakh | ₹1,20,113 lakh | ₹1,09,393 lakh | ₹83,502 lakh | 21.6% |
| Health GDP | ₹1,49,925 lakh | ₹1,53,399 lakh | ₹3,30,523 lakh | ₹1,96,448 lakh | 35.6% |
| Personal Accident GDP | ₹39,683 lakh | ₹7,282 lakh | ₹8,890 lakh | ₹11,651 lakh | 9.4% |
| Travel GDP | ₹0 lakh | ₹0 lakh | ₹0 lakh | Not disclosed | 0.0% |
| Workmen's Comp. GDP | ₹1,526 lakh | ₹1,217 lakh | ₹1,369 lakh | ₹1,365 lakh | 0.4% |
| Liability GDP | ₹7,861 lakh | ₹3,170 lakh | ₹14,686 lakh | ₹6,935 lakh | 1.9% |
| Engineering GDP | ₹13,903 lakh | ₹14,146 lakh | ₹22,912 lakh | ₹6,183 lakh | 3.3% |
| Aviation GDP | ₹2,043 lakh | ₹345 lakh | ₹1,118 lakh | ₹1,295 lakh | 0.5% |
| Crop GDP | ₹1,217 lakh | ₹1,318 lakh | ₹701 lakh | ₹1,037 lakh | 0.3% |
| Other GDP | ₹14,971 lakh | ₹11,101 lakh | ₹9,579 lakh | Not disclosed | 3.6% |
| Total gross direct premium | ₹4,21,691 lakh | ₹3,95,460 lakh | ₹5,83,193 lakh | ₹3,94,053 lakh | 100% |
Gross direct premium (not net earned premium) per IRDAI Form NL-4 (Premium Schedule), "for the quarter" column — these are standalone quarterly amounts, not running year-to-date totals. Segment-level net incurred claims in absolute rupees aren't shown here: IRDAI's segment-level claims filing (Form NL-5) hasn't been extracted for this insurer yet — see the combined ratio & ICR table below for the ratio form of this, sourced from NL-20.
Combined ratio & ICR by segment — Q1 FY26-27
| Segment | ICR | Combined ratio |
|---|---|---|
| Fire | 77.0% | 117.0% |
| Marine Cargo | 99.9% | 136.8% |
| Marine Hull | 151.1% | 195.6% |
| Motor OD | 103.3% | 141.0% |
| Motor TP | 124.7% | 165.4% |
| Health | 105.3% | 137.6% |
| Personal Accident | 60.1% | 86.1% |
| Workmen's Comp. | 44.0% | 90.3% |
| Liability | 7.3% | 50.7% |
| Engineering | 48.6% | 89.1% |
| Aviation | 63.1% | 94.9% |
| Crop | 47.9% | 76.4% |
| Other | 56.1% | 98.6% |
Per IRDAI Form NL-20 (Analytical Ratios Schedule)'s own segmental breakdown, latest quarter only — this granularity isn't reliably available as a multi-quarter trend across insurers. Combined ratio here can legitimately differ from a simple "ICR + expense" sum when a segment's own expense-to-net-written-premium ratio is unusually negative or positive for the quarter — reported exactly as filed, not recalculated.
Provenance (Health GDP, latest quarter)
- Reported by
- National Insurance Company
- Regulatory form
- NL-4-PREMIUM-SCHEDULE · what this form contains
- Reporting period
- Q1 FY26-27
- Source document
- pdfs/national-insurance/NL-4-PREMIUM SCHEDULE.pdf · National Insurance Company's disclosure page
- Extracted by
- irw_adapter v1
- Last verified
- 2026-10-24
- Note
- NL-4 segment GDP, for the quarter (sum=421,691 vs Grand Total=421692.0)