Public Sector Insurer Solvency — When Three PSU General Insurers Fell Below the IRDAI Minimum
Three PSU general insurers — National Insurance Company, Oriental Insurance Company, and United India Insurance — reported solvency ratios below the IRDAI mandatory minimum of 1.5× across multiple quarters. IRDAI granted regulatory forbearance during this period. This page shows the quarterly timeline of their solvency ratios.
National Insurance Company
-1.22×
Q1 FY26-27
26 quarters below min (of 26)
Oriental Insurance Company
-1.70×
Q1 FY26-27
25 quarters below min (of 26)
United India Insurance
-1.49×
Q1 FY26-27
22 quarters below min (of 22)
Quarterly Solvency Ratio
| Quarter | National | Oriental | United India |
|---|---|---|---|
| Q4 FY19-20 | 0.02⚠ | 0.92⚠ | 0.30⚠ |
| Q1 FY20-21 | 0.01⚠ | 1.28⚠ | 0.67⚠ |
| Q2 FY20-21 | 0.20⚠ | 1.24⚠ | 0.89⚠ |
| Q3 FY20-21 | 0.61⚠ | 1.53 | 1.38⚠ |
| Q4 FY20-21 | 0.62⚠ | 1.40⚠ | 1.41⚠ |
| Q1 FY21-22 | 0.05⚠ | 0.50⚠ | 0.83⚠ |
| Q2 FY21-22 | 0.01⚠ | 0.12⚠ | 0.74⚠ |
| Q3 FY21-22 | 0.09⚠ | 0.15⚠ | 0.72⚠ |
| Q4 FY21-22 | 0.63⚠ | 0.15⚠ | 0.51⚠ |
| Q1 FY22-23 | 0.63⚠ | 0.10⚠ | 0.43⚠ |
| Q2 FY22-23 | 0.24⚠ | -0.76⚠ | 0.35⚠ |
| Q3 FY22-23 | 0.05⚠ | -0.90⚠ | 0.12⚠ |
| Q4 FY22-23 | -0.29⚠ | -0.96⚠ | -0.29⚠ |
| Q1 FY23-24 | -0.43⚠ | -1.03⚠ | -0.42⚠ |
| Q2 FY23-24 | -0.35⚠ | -0.92⚠ | -0.38⚠ |
| Q3 FY23-24 | -0.37⚠ | -0.88⚠ | -0.48⚠ |
| Q4 FY23-24 | -0.45⚠ | -1.06⚠ | -0.59⚠ |
| Q1 FY24-25 | -0.46⚠ | -1.03⚠ | -0.73⚠ |
| Q2 FY24-25 | -0.45⚠ | -1.02⚠ | -0.71⚠ |
| Q3 FY24-25 | -0.53⚠ | -1.05⚠ | -0.91⚠ |
| Q4 FY24-25 | -0.67⚠ | -1.03⚠ | -0.65⚠ |
| Q1 FY25-26 | -0.72⚠ | -1.01⚠ | — |
| Q2 FY25-26 | -0.75⚠ | -1.01⚠ | — |
| Q3 FY25-26 | -0.77⚠ | -1.52⚠ | — |
| Q4 FY25-26 | -1.11⚠ | -1.63⚠ | — |
| Q1 FY26-27 | -1.22⚠ | -1.70⚠ | -1.49⚠ |
⚠ below IRDAI mandatory minimum of 1.5×. Source: IRDAI public disclosures (NL-20 / IRDAI Annual Reports).
This is a factual data page — all values are from IRDAI public disclosures. No regulatory recommendations.Compare all 5 public sector insurers → ·Full solvency history →