Zurich Kotak General Insurance — Financial Performance
Zurich Kotak General Insurance's combined ratio was 132.0% 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 | 86.0%+3.0 pts | 89.0%+5.0 pts | 75.0%+0.0 pts | 68.0%+0.0 pts | 83.0%+16.0 pts |
| net commission ratio | 21.0%+6.0 pts | 27.0% | 19.0% | 19.0% | 15.0% |
| expense ratio to gross premium | 37.0%+3.0 pts | 34.0%−7.0 pts | 39.0%+0.0 pts | 39.0%+0.0 pts | 34.0%−6.0 pts |
| combined ratio | 132.0%+10.0 pts | 139.0%+16.0 pts | 122.0%+0.0 pts | 113.0%+0.0 pts | 122.0%+7.0 pts |
| solvency ratio | 2.84×−2.00× | 3.15×−2.58× | 3.61×−2.82× | 4.33×−2.51× | 4.84×−2.55× |
| profit before tax | ₹-64 crore−82.4% | ₹-100 crore | ₹-96 crore | ₹-47 crore | ₹-35 crore |
| profit after tax | ₹-64 crore−82.4% | ₹-100 crore | ₹-96 crore | ₹-47 crore | ₹-35 crore |
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 | 87.0% |
| net commission ratio | 21.0% |
| expense ratio to gross premium | 39.0% |
| combined ratio | 135.0% |
Provenance (combined ratio, latest quarter)
- Reported by
- Zurich Kotak General Insurance
- Regulatory form
- NL-20-ANALYTICAL-RATIOS · what this form contains
- Reporting period
- Q1 FY26-27
- Source document
- 2026-06-30_NL-20.pdf · Zurich Kotak General Insurance's disclosure page
- Extracted by
- nonlife_adapter.py v1
- Last verified
- 2026-09-11
- Note
- NL-20 row-format label match: combined_ratio