Investment Income Ratio in Indian Insurance

%generalhealthRegulatory native

Definition

Net investment income as a percentage of Net Written Premium. Measures how much investment returns contribute relative to premium volume. A higher ratio supplements underwriting profitability and can offset underwriting losses.

Note: NL-20 analytical ratios. Complements the underwriting balance ratio — together they drive the operating profit ratio.

Source form: NL-20 ·Source documents

Highest to Lowest

Latest available value per insurer — Q1 FY26-27

#InsurerInvestment Income Ratio (%)Period
1National Insurance Company9.8Q1 FY26-27
2United India Insurance8.9Q1 FY26-27
3Acko General Insurance8.0Q1 FY26-27
4Liberty General Insurance7.3Q1 FY26-27
5Zurich Kotak General Insurance7.0Q1 FY26-27
6ECGC6.9Q1 FY26-27
7Kshema General Insurance6.0Q1 FY26-27
8Royal Sundaram General Insurance2.4Q1 FY26-27
9Bajaj Allianz General Insurance2.2Q1 FY26-27
10SBI General Insurance2.2Q1 FY26-27
11New India Assurance2.1Q1 FY26-27
12Zuno General Insurance2.1Q1 FY26-27
13Tata AIG General Insurance2.0Q1 FY26-27
14ManipalCigna Health Insurance2.0Q1 FY26-27
15Navi General Insurance2.0Q1 FY26-27
16Care Health Insurance2.0Q1 FY26-27
17Aditya Birla Health Insurance2.0Q1 FY26-27
18Chola MS General Insurance2.0Q1 FY26-27
19HDFC ERGO General Insurance1.9Q1 FY26-27
20Reliance General Insurance1.9Q1 FY26-27
21ICICI Lombard General Insurance1.9Q1 FY26-27
22Generali Central Insurance (formerly Future Generali)1.9Q1 FY26-27
23IFFCO Tokio General Insurance1.8Q1 FY26-27
24Universal Sompo General Insurance1.8Q1 FY26-27
25Raheja QBE General Insurance1.8Q1 FY26-27
26Magma General Insurance1.8Q1 FY26-27
27Digit General Insurance1.8Q1 FY26-27
28Niva Bupa Health Insurance1.8Q1 FY26-27
29Galaxy Health Insurance1.8Q1 FY26-27
30Shriram General Insurance1.7Q1 FY26-27
31Agriculture Insurance Company of India1.7Q1 FY26-27
32Star Health Insurance1.6Q1 FY26-27
33Narayana Health Insurance1.0Q1 FY26-27
34Oriental Insurance Company0.0Q1 FY26-27

Source: IRDAI public disclosures (NL-20). Click an insurer name for full provenance and historical data.
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