Universal Sompo General Insurance — Distribution Mix

Universal Sompo General Insurance's new business was led by the Brokers channel at 62.2% of premium for Q1 FY26-27, as reported in IRDAI form NL-36.

combined ratio, Q1 FY26-27
104.3%
+6.1 pts
incurred claims ratio, Q1 FY26-27
80.4%
+13.0 pts
net commission ratio, Q1 FY26-27
10.4%
−0.7 pts
expense ratio to gross premium, Q1 FY26-27
28.7%
+3.8 pts
Total premium, Q1 FY26-27
₹1,75,063 lakh
+33.5%
Leading channel, Q1 FY26-27
Brokers
62.2% of premium

Channel mix — quarter ended Q1 FY26-27 vs. Q1 FY25-26 (year ago)

Channel groupPolicies, Q1 FY26-27Premium, Q1 FY26-27Policies, Q1 FY25-26Premium, Q1 FY25-26
Brokers8,53,611₹1,08,870 lakh (62.2%)4,88,891₹70,816 lakh (54.0%)
Agents/POSP1,93,316₹27,612 lakh (15.8%)1,42,261₹14,328 lakh (10.9%)
Agents/POSP channels (2)
ChannelPolicies, Q1 FY26-27Premium, Q1 FY26-27Policies, Q1 FY25-26Premium, Q1 FY25-26
Individual Agents46,866₹7,540 lakh39,584₹4,858 lakh
Point of Sales Person (Direct)1,46,450₹20,072 lakh1,02,677₹9,470 lakh
Direct WebsiteNot disclosed₹0 lakh (0.0%)Not disclosed₹0 lakh (0.0%)
Banks1,29,053₹11,348 lakh (6.5%)1,16,319₹10,598 lakh (8.1%)
Direct non-website1,494₹22,576 lakh (12.9%)1,610₹33,164 lakh (25.3%)
Direct non-website channels (2)
ChannelPolicies, Q1 FY26-27Premium, Q1 FY26-27Policies, Q1 FY25-26Premium, Q1 FY25-26
Direct Business – Officers/EmployeesNot disclosedNot disclosedNot disclosedNot disclosed
Direct Business – Others1,494₹22,576 lakh1,610₹33,164 lakh
Corporate Agents22,034₹2,597 lakh (1.5%)13,177₹1,043 lakh (0.8%)
Others28,434₹2,060 lakh (1.2%)39,453₹1,198 lakh (0.9%)
Others channels (7)
ChannelPolicies, Q1 FY26-27Premium, Q1 FY26-27Policies, Q1 FY25-26Premium, Q1 FY25-26
Micro AgentsNot disclosedNot disclosedNot disclosedNot disclosed
Common Service Centres (CSC)22,916₹634 lakh31,573₹275 lakh
Insurance Marketing Firm4,758₹507 lakh7,857₹462 lakh
MISP (Direct)Not disclosedNot disclosedNot disclosedNot disclosed
Web Aggregators760₹919 lakh23₹461 lakh
Referral ArrangementsNot disclosedNot disclosedNot disclosedNot disclosed
OtherNot disclosedNot disclosedNot disclosedNot disclosed
Total, India12,27,942₹1,75,063 lakh (100%)8,01,711₹1,31,147 lakh (100%)

Per IRDAI Form NL-36 (Business Channels Wise), "For the Quarter" column. Channels are grouped into ARGO's own 7-way classification (Brokers, Agents/POSP, Direct Website, Banks, Direct non-website, Corporate Agents, Others) — click a group with more than one channel to see its own breakdown. "Total, India" sums the 15 channels extracted here and excludes "Business outside India," a separate geography line on the same form. Some insurers report "Direct Business"'s sub-channels (Officers/Employees, Online, Others) as one combined figure rather than a real breakdown — shown as "Not disclosed" for those rows rather than guessed.

Total premium by quarter, trend

PeriodTotal, India premiumPolicies
Q2 FY25-26₹1,52,584 lakh9,92,771
Q3 FY25-26₹1,59,855 lakh12,89,538
Q4 FY25-26₹1,57,232 lakh12,17,740
Q1 FY26-27₹1,75,063 lakh12,27,942