Solvency Ratio of Indian Insurers — Latest IRDAI Data

Below IRDAI Minimum (1.5×)

• National Insurance Company — -1.22× as of Q1 FY26-27 (negative — liabilities exceed available margin)
• United India Insurance — -1.49× as of Q1 FY26-27 (negative — liabilities exceed available margin)
• Oriental Insurance Company — -1.70× as of Q1 FY26-27 (negative — liabilities exceed available margin)

Declining Solvency (dropped >0.5× over 4 quarters)

• Navi General Insurance — 4.65× (Q2 FY25-26) → 2.87× (Q1 FY26-27), drop of 1.78×
• Digit Life Insurance — 3.85× (Q4 FY24-25) → 2.09× (Q1 FY26-27), drop of 1.76×
• Zurich Kotak General Insurance — 4.33× (Q2 FY25-26) → 2.84× (Q1 FY26-27), drop of 1.49×
• Ageas Federal Life Insurance — 2.74× (Q2 FY24-25) → 1.87× (Q1 FY26-27), drop of 0.87×
• Bajaj Allianz General Insurance — 3.39× (Q2 FY25-26) → 2.54× (Q1 FY26-27), drop of 0.85×
• United India Insurance — -0.71× (Q2 FY24-25) → -1.49× (Q1 FY26-27), drop of 0.78×
• ICICI Lombard General Insurance — 2.73× (Q2 FY25-26) → 2.00× (Q1 FY26-27), drop of 0.73×
• Acko General Insurance — 2.29× (Q2 FY25-26) → 1.59× (Q1 FY26-27), drop of 0.70×
• Oriental Insurance Company — -1.01× (Q2 FY25-26) → -1.70× (Q1 FY26-27), drop of 0.69×
• Niva Bupa Health Insurance — 2.85× (Q2 FY25-26) → 2.25× (Q1 FY26-27), drop of 0.60×
• Bajaj Life Insurance (formerly Bajaj Allianz Life) — 3.43× (Q1 FY25-26) → 2.85× (Q1 FY26-27), drop of 0.58×

Life Insurers

General Insurers

Standalone Health Insurers

Source: IRDAI public disclosures. Latest available period shown per insurer.Full solvency history across all quarters → ·PSU insurer comparison →