Underwriting Balance Ratio in Indian Insurance
%generalhealthRegulatory native
Definition
Underwriting profit or loss as a percentage of Net Written Premium. Positive = underwriting surplus; negative = underwriting deficit. Equivalent to 100% minus the Combined Ratio when both expense denominators are NWP. Most general insurers globally operate with underwriting deficits, relying on investment income to break even.
Note: NL-20 analytical ratios. A negative value is not necessarily bad — it is common in competitive markets. Display with sign; do not suppress losses.
Source form: NL-20 ·Source documents
Highest to Lowest
Latest available value per insurer — 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