Royal Sundaram General Insurance — Underwriting Performance
Royal Sundaram General Insurance: Health led at 33.4% of gross direct premium (₹42,686 lakh) for Q1 FY26-27, per IRDAI form NL-4.
combined ratio, Q1 FY26-27
116.3%
+6.1 pts
incurred claims ratio, Q1 FY26-27
86.0%
+5.4 pts
net commission ratio, Q1 FY26-27
19.3%
+0.5 pts
expense ratio to gross premium, Q1 FY26-27
28.7%
+0.7 pts
Total gross direct premium, Q1 FY26-27
₹1,27,875 lakh
+10.9%
Largest segment, Q1 FY26-27
Health
33.4% of gross direct premium
Business mix by segment — Q1 FY26-27
Classification
Gross direct premium
Share of business
Retail
₹65,899 lakh
51.5%
Retail segments (2)
Motor TP
₹40,596 lakh
61.6%
Motor OD
₹25,303 lakh
38.4%
Hybrid
₹45,349 lakh
35.5%
Hybrid segments (3)
Health
₹42,686 lakh
94.1%
Personal Accident
₹2,622 lakh
5.8%
Travel
₹41 lakh
0.1%
Commercial
₹16,627 lakh
13.0%
Commercial segments (5)
Fire
₹10,449 lakh
62.8%
Marine Cargo
₹2,622 lakh
15.8%
Engineering
₹2,550 lakh
15.3%
Liability
₹550 lakh
3.3%
Workmen's Comp.
₹456 lakh
2.7%
Grand total
₹1,27,875 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
₹10,449 lakh
₹7,854 lakh
₹6,184 lakh
₹7,283 lakh
8.2%
Marine Cargo GDP
₹2,622 lakh
₹2,075 lakh
₹1,788 lakh
₹1,733 lakh
2.1%
Marine Hull GDP
Not disclosed
₹3 lakh
₹15 lakh
₹5 lakh
—
Motor OD GDP
₹25,303 lakh
₹26,732 lakh
₹23,219 lakh
₹21,819 lakh
19.8%
Motor TP GDP
₹40,596 lakh
₹51,143 lakh
₹46,498 lakh
₹47,463 lakh
31.7%
Health GDP
₹42,686 lakh
₹27,231 lakh
₹15,993 lakh
₹19,761 lakh
33.4%
Personal Accident GDP
₹2,622 lakh
₹1,856 lakh
₹1,830 lakh
₹1,810 lakh
2.1%
Travel GDP
₹41 lakh
₹23 lakh
₹31 lakh
₹44 lakh
0.0%
Workmen's Comp. GDP
₹456 lakh
₹437 lakh
₹416 lakh
₹432 lakh
0.4%
Liability GDP
₹550 lakh
₹391 lakh
₹238 lakh
₹376 lakh
0.4%
Engineering GDP
₹2,550 lakh
₹2,918 lakh
₹1,923 lakh
₹2,020 lakh
2.0%
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
₹1,27,875 lakh
₹1,20,663 lakh
₹98,135 lakh
₹1,02,746 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
65.2%
110.0%
Marine Cargo
85.4%
125.3%
Motor OD
84.2%
132.7%
Motor TP
80.4%
115.5%
Health
100.2%
112.2%
Personal Accident
70.5%
117.8%
Travel
24.3%
72.0%
Workmen's Comp.
136.0%
179.3%
Liability
25.8%
71.1%
Engineering
147.4%
229.0%
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.