Shriram General Insurance — Underwriting Performance
Shriram General Insurance: Motor TP led at 66.7% of gross direct premium (₹78,711 lakh) for Q1 FY26-27, per IRDAI form NL-4.
Business mix by segment — Q1 FY26-27
| Classification | Gross direct premium | Share of business | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Retail | ₹1,07,962 lakh | 91.5% | |||||||||||||||||||||||||||
Retail segments (2)
| |||||||||||||||||||||||||||||
| Hybrid | ₹5,519 lakh | 4.7% | |||||||||||||||||||||||||||
Hybrid segments (3)
| |||||||||||||||||||||||||||||
| Commercial | ₹4,500 lakh | 3.8% | |||||||||||||||||||||||||||
Commercial segments (9)
| |||||||||||||||||||||||||||||
| Grand total | ₹1,17,981 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 | ₹1,969 lakh | ₹1,278 lakh | ₹1,890 lakh | ₹2,494 lakh | 1.7% |
| Marine Cargo GDP | ₹218 lakh | ₹81 lakh | ₹120 lakh | ₹106 lakh | 0.2% |
| Marine Hull GDP | ₹0 lakh | Not disclosed | ₹0 lakh | Not disclosed | 0.0% |
| Motor OD GDP | ₹29,251 lakh | ₹33,485 lakh | ₹29,698 lakh | ₹23,850 lakh | 24.8% |
| Motor TP GDP | ₹78,711 lakh | ₹91,781 lakh | ₹87,414 lakh | ₹76,384 lakh | 66.7% |
| Health GDP | ₹1,266 lakh | ₹989 lakh | ₹157 lakh | ₹196 lakh | 1.1% |
| Personal Accident GDP | ₹4,253 lakh | ₹3,374 lakh | ₹4,433 lakh | ₹3,293 lakh | 3.6% |
| Travel GDP | ₹0 lakh | ₹0.16 lakh | ₹0 lakh | ₹0 lakh | 0.0% |
| Workmen's Comp. GDP | ₹177 lakh | ₹198 lakh | ₹177 lakh | ₹184 lakh | 0.2% |
| Liability GDP | ₹145 lakh | ₹124 lakh | ₹93 lakh | ₹87 lakh | 0.1% |
| Engineering GDP | ₹850 lakh | ₹796 lakh | ₹754 lakh | ₹658 lakh | 0.7% |
| Aviation GDP | ₹0 lakh | Not disclosed | ₹0 lakh | Not disclosed | 0.0% |
| Crop GDP | ₹0 lakh | Not disclosed | ₹0 lakh | Not disclosed | 0.0% |
| Other GDP | ₹1,141 lakh | Not disclosed | Not disclosed | Not disclosed | 1.0% |
| Total gross direct premium | ₹1,17,981 lakh | ₹1,32,106.16 lakh | ₹1,24,736 lakh | ₹1,07,252 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 | 58.6% | 150.7% |
| Marine Cargo | 100.3% | 208.4% |
| Marine Hull | 0.0% | 0.0% |
| Motor OD | 98.4% | 134.8% |
| Motor TP | 58.7% | 98.7% |
| Health | 94.5% | 96.6% |
| Personal Accident | 15.8% | 41.6% |
| Travel | 37.1% | 45.9% |
| Workmen's Comp. | 38.6% | 61.7% |
| Liability | 30.4% | 358.1% |
| Engineering | 148.8% | 233.1% |
| Aviation | 0.0% | 0.0% |
| Crop | 0.0% | 0.0% |
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.
Provenance (Motor TP GDP, latest quarter)
- Reported by
- Shriram General Insurance
- Regulatory form
- NL-4-PREMIUM-SCHEDULE · what this form contains
- Reporting period
- Q1 FY26-27
- Source document
- pdfs/shriram-general/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
- 2026-10-24
- Note
- NL-4 segment GDP, for the quarter (sum=117,804 vs Grand Total=117982.0)