Raheja QBE General Insurance — Financial Performance
Raheja QBE General Insurance's combined ratio was 121.7% 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 | 68.0%−30.2 pts | 99.5% | 86.0% | 84.6% | 98.2% |
| net commission ratio | 24.2%+13.7 pts | 22.5% | 41.4% | 14.6% | 10.5% |
| expense ratio to gross premium | 38.6%−22.5 pts | 24.6% | 56.6% | 72.7% | 61.1% |
| combined ratio | 121.7%−3.8 pts | 142.4% | 164.2% | 118.1% | 125.5% |
| solvency ratio | 1.98×+0.20× | 1.71×−0.01× | 2.27×+0.25× | 2.19×+0.11× | 1.78×−0.18× |
| profit before tax | ₹20 crore+359.1% | ₹-35 crore | ₹-24 crore | ₹-1 crore | ₹-8 crore |
| profit after tax | ₹20 crore+364.7% | ₹-43 crore | ₹-24 crore | ₹-1 crore | ₹-7 crore |
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 | 93.3% |
| net commission ratio | 20.5% |
| expense ratio to gross premium | 43.1% |
| combined ratio | 135.7% |
Provenance (combined ratio, latest quarter)
- Reported by
- Raheja QBE General Insurance
- Regulatory form
- NL-20-ANALYTICAL-RATIOS · what this form contains
- Reporting period
- Q1 FY26-27
- Source document
- textplor-vendor-2026-27-Q1.xlsx · Raheja QBE General Insurance's disclosure page
- Extracted by
- EverythingInsurance Research (vendor-compiled dataset, textplor.com, offline 2026-10-26)
- Last verified
- 2026-10-26
- Note
- Vendor-aggregated dataset, not pulled directly from insurer's own public disclosure page. Gap-fill only (no existing value for this insurer/metric/period). Cross-check against insurer's own source queued separately -- see project-log/quarterly-update-runbook.md.