Raheja QBE General Insurance — Underwriting Performance
Raheja QBE General Insurance: Liability led at 36.7% of gross direct premium (₹1,963 lakh) for Q1 FY26-27, per IRDAI form NL-4.
combined ratio, Q1 FY26-27
121.7%
−3.8 pts
incurred claims ratio, Q1 FY26-27
68.0%
−30.2 pts
net commission ratio, Q1 FY26-27
24.2%
+13.7 pts
expense ratio to gross premium, Q1 FY26-27
38.6%
−22.5 pts
Total gross direct premium, Q1 FY26-27
₹5,343 lakh
+21.7%
Largest segment, Q1 FY26-27
Liability
36.7% of gross direct premium
Business mix by segment — Q1 FY26-27
Classification
Gross direct premium
Share of business
Retail
₹2,522 lakh
47.2%
Retail segments (2)
Motor TP
₹1,599 lakh
63.4%
Motor OD
₹923 lakh
36.6%
Hybrid
₹451 lakh
8.4%
Hybrid segments (2)
Health
₹452 lakh
100.2%
Personal Accident
₹-1 lakh
-0.2%
Commercial
₹2,370 lakh
44.4%
Commercial segments (4)
Liability
₹1,963 lakh
82.8%
Workmen's Comp.
₹184 lakh
7.8%
Fire
₹166 lakh
7.0%
Engineering
₹57 lakh
2.4%
Grand total
₹5,343 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
₹166 lakh
₹252 lakh
₹314 lakh
₹295 lakh
3.1%
Marine Cargo GDP
Not disclosed
₹0 lakh
₹0 lakh
₹0 lakh
—
Marine Hull GDP
Not disclosed
Not disclosed
Not disclosed
Not disclosed
—
Motor OD GDP
₹923 lakh
₹899 lakh
₹1,307 lakh
₹864 lakh
17.3%
Motor TP GDP
₹1,599 lakh
₹1,750 lakh
₹4,497 lakh
₹1,935 lakh
29.9%
Health GDP
₹452 lakh
₹12,593 lakh
₹1,092 lakh
₹166 lakh
8.5%
Personal Accident GDP
₹-1 lakh
₹35 lakh
₹145 lakh
₹35 lakh
-0.0%
Travel GDP
Not disclosed
Not disclosed
Not disclosed
Not disclosed
—
Workmen's Comp. GDP
₹184 lakh
₹183 lakh
₹130 lakh
₹145 lakh
3.4%
Liability GDP
₹1,963 lakh
₹1,894 lakh
₹1,597 lakh
₹1,352 lakh
36.7%
Engineering GDP
₹57 lakh
₹41 lakh
₹44 lakh
₹41 lakh
1.1%
Aviation GDP
Not disclosed
Not disclosed
Not disclosed
Not disclosed
—
Crop GDP
Not disclosed
Not disclosed
Not disclosed
Not disclosed
—
Other GDP
Not disclosed
Not disclosed
Not disclosed
Not disclosed
—
Total gross direct premium
₹5,343 lakh
₹17,647 lakh
₹9,126 lakh
₹4,833 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
57.0%
379.0%
Marine Cargo
0.0%
0.0%
Motor OD
81.0%
143.0%
Motor TP
73.0%
122.0%
Health
77.0%
105.0%
Personal Accident
-29.0%
-24.0%
Travel
0.0%
0.0%
Workmen's Comp.
70.0%
110.0%
Liability
28.0%
80.0%
Engineering
-2398.0%
-1918.0%
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.
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.