Liability Combined Ratio in Indian Insurance

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Definition

Segment-level combined ratio for Liability, from IRDAI Form NL-20's own segmental analytical-ratios table (not the company-wide NL-20 figure). Below 100% = underwriting profitability for this segment specifically.

Note: IRDAI Form NL-20 (Analytical Ratios Schedule), segmental breakdown page, 'Current Period' row for this segment.

Source form: NL-20 ·Source documents

Lowest to Highest

Latest available value per insurer (periods range from Q4 FY25-26 – Q1 FY26-27 — see the Period column for each insurer's actual reporting date)

#	Insurer	Liability Combined Ratio (%)	Period
1	Digit General Insurance	-100.0	Q1 FY26-27
2	HDFC ERGO General Insurance	-70.2	Q1 FY26-27
3	Magma General Insurance	-23.8	Q1 FY26-27
4	Generali Central Insurance (formerly Future Generali)	26.0	Q1 FY26-27
5	Universal Sompo General Insurance	26.4	Q1 FY26-27
6	New India Assurance	31.0	Q1 FY26-27
7	Oriental Insurance Company	41.6	Q1 FY26-27
8	Liberty General Insurance	49.0	Q1 FY26-27
9	National Insurance Company	50.7	Q1 FY26-27
10	Bajaj Allianz General Insurance	54.6	Q1 FY26-27
11	Tata AIG General Insurance	68.0	Q1 FY26-27
12	Royal Sundaram General Insurance	71.1	Q1 FY26-27
13	Zuno General Insurance	77.0	Q1 FY26-27
14	Raheja QBE General Insurance	80.0	Q1 FY26-27
15	Acko General Insurance	94.0	Q1 FY26-27
16	United India Insurance	96.5	Q4 FY25-26
17	ICICI Lombard General Insurance	100.4	Q1 FY26-27
18	SBI General Insurance	112.2	Q1 FY26-27
19	Zurich Kotak General Insurance	118.0	Q1 FY26-27
20	IFFCO Tokio General Insurance	121.0	Q1 FY26-27
21	Reliance General Insurance	149.5	Q1 FY26-27
22	Chola MS General Insurance	164.1	Q1 FY26-27
23	Kshema General Insurance	253.8	Q1 FY26-27
24	Shriram General Insurance	358.1	Q1 FY26-27

Source: IRDAI public disclosures (NL-20). Click an insurer name for full provenance and historical data.
Machine-readable: this metric as JSON · all facts as CSV