Liability Incurred Claims Ratio in Indian Insurance

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Definition

Segment-level net incurred claims ratio for Liability, from IRDAI Form NL-20's own segmental analytical-ratios table (not the company-wide NL-20 figure).

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 Incurred Claims Ratio (%)	Period
1	HDFC ERGO General Insurance	-72.0	Q1 FY26-27
2	Magma General Insurance	-66.7	Q1 FY26-27
3	Generali Central Insurance (formerly Future Generali)	-5.0	Q1 FY26-27
4	Universal Sompo General Insurance	-2.9	Q1 FY26-27
5	Digit General Insurance	0.0	Q1 FY26-27
6	National Insurance Company	7.3	Q1 FY26-27
7	New India Assurance	10.2	Q1 FY26-27
8	Oriental Insurance Company	19.7	Q1 FY26-27
9	Liberty General Insurance	21.0	Q1 FY26-27
10	Bajaj Allianz General Insurance	25.7	Q1 FY26-27
11	Royal Sundaram General Insurance	25.8	Q1 FY26-27
12	Raheja QBE General Insurance	28.0	Q1 FY26-27
13	Shriram General Insurance	30.4	Q1 FY26-27
14	United India Insurance	42.2	Q4 FY25-26
15	ICICI Lombard General Insurance	47.0	Q1 FY26-27
16	Zuno General Insurance	55.0	Q1 FY26-27
17	Zurich Kotak General Insurance	72.0	Q1 FY26-27
18	Kshema General Insurance	80.9	Q1 FY26-27
19	IFFCO Tokio General Insurance	86.6	Q1 FY26-27
20	SBI General Insurance	89.7	Q1 FY26-27
21	Acko General Insurance	92.0	Q1 FY26-27
22	Chola MS General Insurance	96.8	Q1 FY26-27
23	Reliance General Insurance	105.5	Q1 FY26-27
24	Tata AIG General Insurance	113.0	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