Workmen's Compensation Combined Ratio in Indian Insurance

%generalhealthRegulatory native

Definition

Segment-level combined ratio for Workmen's Compensation, 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	Workmen's Compensation Combined Ratio (%)	Period
1	New India Assurance	51.9	Q1 FY26-27
2	Shriram General Insurance	61.7	Q1 FY26-27
3	Zurich Kotak General Insurance	63.0	Q1 FY26-27
4	United India Insurance	64.8	Q4 FY25-26
5	Tata AIG General Insurance	86.0	Q1 FY26-27
6	National Insurance Company	90.3	Q1 FY26-27
7	Oriental Insurance Company	91.0	Q1 FY26-27
8	Zuno General Insurance	93.0	Q1 FY26-27
9	Universal Sompo General Insurance	96.4	Q1 FY26-27
10	SBI General Insurance	101.6	Q1 FY26-27
11	Digit General Insurance	102.6	Q1 FY26-27
12	Chola MS General Insurance	103.8	Q1 FY26-27
13	Bajaj Allianz General Insurance	104.1	Q1 FY26-27
14	ICICI Lombard General Insurance	107.0	Q1 FY26-27
15	Raheja QBE General Insurance	110.0	Q1 FY26-27
16	HDFC ERGO General Insurance	113.7	Q1 FY26-27
17	Magma General Insurance	120.5	Q1 FY26-27
18	IFFCO Tokio General Insurance	123.7	Q1 FY26-27
19	Liberty General Insurance	162.0	Q1 FY26-27
20	Generali Central Insurance (formerly Future Generali)	173.0	Q1 FY26-27
21	Royal Sundaram General Insurance	179.3	Q1 FY26-27
22	Reliance General Insurance	293.2	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