Navi General Insurance — Financial Performance
Navi General Insurance's combined ratio was 128.0% for Q1 FY26-27, as reported in IRDAI form NL-20-ANALYTICAL-RATIOS.
Quarterly financial ratios — Q1 FY25-26 to Q1 FY26-27
| Metric | Q1 FY26-27 | Q4 FY25-26 | Q3 FY25-26 | Q2 FY25-26 | Q1 FY25-26 |
|---|---|---|---|---|---|
| incurred claims ratio | 92.0%−19.0 pts | 97.0%−4.0 pts | 96.0%+5.0 pts | 110.0%+12.0 pts | 111.0%+35.0 pts |
| net commission ratio | 6.0%+2.0 pts | 15.0%+5.0 pts | 4.0%+3.0 pts | 0.0%+0.0 pts | 4.0%+4.0 pts |
| expense ratio to gross premium | 35.0%+10.0 pts | 40.0% | 41.0% | 44.0% | 25.0% |
| combined ratio | 128.0%−10.0 pts | 139.0%+13.0 pts | 114.0%−11.0 pts | 136.0%−31.0 pts | 138.0%−21.0 pts |
| solvency ratio | 2.87×−1.84× | 3.83×−0.73× | 4.60×+0.21× | 4.65×+0.46× | 4.71×+0.65× |
| profit before tax | ₹-4 crore−183.7% | ₹-10 crore−197.9% | ₹1 crore−88.8% | ₹-1 crore−107.3% | ₹5 crore−45.2% |
| profit after tax | ₹-3 crore−108.2% | ₹-7 crore−170.1% | ₹1 crore−92.8% | ₹2 crore−69.4% | ₹39 crore+362.4% |
The small figure under each number is the change from the same quarter a year earlier — in percentage points for ratios, as a percentage change for profit before/after tax. Shown only where this insurer has a filing from exactly that quarter a year ago; no figure means that comparison isn't available, not that nothing changed.
Expense ratio shown on a gross-direct-premium basis (GDP), per IRDAI's 2021 reform — not directly comparable to an insurer's net-written-premium (NWP) basis figure if quoted elsewhere. "Not disclosed" means this insurer's filing for that quarter didn't include this figure — not an estimate.
Full-year financial ratios
These are the insurer's own full-year figures, as filed with IRDAI for the whole fiscal year — not the same as adding up four quarters, since each quarter's own number above is a standalone snapshot for that quarter alone.
| Metric | FY25-26 |
|---|---|
| incurred claims ratio | 102.0% |
| net commission ratio | 7.0% |
| expense ratio to gross premium | 38.0% |
| combined ratio | 130.0% |
| profit before tax | ₹-5 crore |
| profit after tax | ₹35 crore |
Provenance (combined ratio, latest quarter)
- Reported by
- Navi General Insurance
- Regulatory form
- NL-20-ANALYTICAL-RATIOS · what this form contains
- Reporting period
- Q1 FY26-27
- Source document
- 2026-2027_Apr-Jun.pdf · Navi General Insurance's disclosure page
- Extracted by
- irw_adapter v1
- Last verified
- 2026-10-26
- Note
- NL-20 row-format label match: combined_ratio