Shriram General Insurance — Financial Performance
Shriram General Insurance's combined ratio was 104.7% 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 | 68.7%−6.2 pts | 69.9%+2.3 pts | 71.4%+2.6 pts | 73.6%+4.8 pts | 74.9%+3.0 pts |
| net commission ratio | 25.6%+4.2 pts | 23.6%−2.1 pts | 21.7%+3.0 pts | 21.8%+0.5 pts | 21.4%−3.3 pts |
| expense ratio to gross premium | 33.7%+1.9 pts | 31.9% | 29.8% | 30.4% | 31.7% |
| combined ratio | 104.7%−3.8 pts | 99.6%−3.0 pts | 98.6%+3.4 pts | 104.7%+5.3 pts | 108.5%−2.4 pts |
| solvency ratio | 3.02×−0.33× | 2.95×−0.56× | 3.32×−0.26× | 3.33×−0.60× | 3.35×−0.52× |
| profit before tax | ₹174 crore+5.4% | ₹224 crore+34.0% | ₹219 crore+24.1% | ₹192 crore+3.0% | ₹165 crore+6.7% |
| profit after tax | ₹131 crore+5.0% | ₹167 crore+28.5% | ₹165 crore+26.0% | ₹144 crore+3.1% | ₹125 crore+9.3% |
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 | 69.9% |
| net commission ratio | 22.2% |
| expense ratio to gross premium | 31.0% |
| combined ratio | 102.5% |
| profit before tax | ₹800 crore |
| profit after tax | ₹601 crore |
Provenance (combined ratio, latest quarter)
- Reported by
- Shriram General Insurance
- Regulatory form
- NL-20-ANALYTICAL-RATIOS · what this form contains
- Reporting period
- Q1 FY26-27
- Source document
- c7925595-ce45-4fdc-b77e-a2c417916f24_SGI_Disclosure_1st_Qtr_2026_27.pdf · Shriram General Insurance's disclosure page
- Extracted by
- irw_adapter v1
- Last verified
- 2026-10-26
- Note
- NL-20 row-format label match: combined_ratio