Non-life insurance companies in India: net loss ratio 2023
Figures in millions
| Net earned premiums | Net incurred losses | Net loss ratio | |||
|---|---|---|---|---|---|
| In INR | In USD | In INR | In USD | ||
| State-owned companies | |||||
| United India Insurance | 151 443 | 1 843 | 140 610 | 1 711 | 92.85% |
| The New India Assurance | 302 444 | 3 681 | 289 091 | 3 518 | 95.58% |
| National Insurance | 127 061 | 1 546 | 128 143 | 1 560 | 100.85% |
| The Oriental Insurance | 132 510 | 1 613 | 148 591 | 1 808 | 112.14% |
| Total | 713 458 | 8 683 | 706 435 | 8 597 | 99.02% |
| Private companies | |||||
| Future Generali India Insurance | 27 393 | 333 | 18 053 | 220 | 65.90% |
| Go Digit General Insurance | 51 637 | 628 | 34 714 | 422 | 67.23% |
| Shriram General Insurance | 17 978 | 219 | 12 284 | 149 | 68.33% |
| Kotak Mahindra General Ins. | 6 818 | 83 | 4 738 | 58 | 69.49% |
| Cholamandalam MS General Ins. | 40 192 | 489 | 28 631 | 348 | 71.24% |
| Liberty General Insurance | 15 401 | 188 | 11 134 | 136 | 72.29% |
| ICICI Lombard General Insurance | 148 228 | 1804 | 107 257 | 1305 | 72.36% |
| Magma HDI General Insurance | 15 342 | 187 | 11 141 | 136 | 72.62% |
| Bajaj Allianz General Insurance | 80 188 | 976 | 58 470 | 712 | 72.92% |
| Tata AIG General Insurance | 82 328 | 1002 | 60 590 | 737 | 73.60% |
| Navi General Insurance Limited | 1 009 | 12 | 768 | 9 | 76.11% |
| Royal Sundaram General Ins. | 24 400 | 297 | 18 786 | 229 | 76.99% |
| Reliance General Insurance | 60 224 | 733 | 46 493 | 566 | 77.20% |
| Universal Sompo General Ins. | 21 613 | 263 | 16 898 | 206 | 78.18% |
| Raheja QBE General Insurance | 3 589 | 44 | 2 817 | 34 | 78.49% |
| SBI General Insurance | 48 837 | 594 | 38 449 | 468 | 78.73% |
| HDFC ERGO General Insurance | 80 350 | 978 | 64 229 | 782 | 79.94% |
| Zuno General Insurance | 3 070 | 37 | 2 524 | 31 | 82.21% |
| Acko General Insurance | 8 384 | 102 | 7 066 | 86 | 84.28% |
| IFFCO Tokio General Insurance | 64 326 | 783 | 56 974 | 693 | 88.57% |
| Total | 801 307 | 9 752 | 602 016 | 7 327 | 75.13% |
| Stand-Alone Health Insurers | |||||
| Care Health Insurance | 39 320 | 478 | 21 162 | 257 | 53.82% |
| Niva Bupa Health Insurance | 26 628 | 324 | 14 393 | 175 | 54.05% |
| ManipalCigna Health Insurance | 11 178 | 136 | 7 228 | 88 | 64.66% |
| Aditya Birla Health insurance | 18 378 | 224 | 11 886 | 145 | 64.68% |
| Star Health & Allied Insurance | 112 616 | 1 370 | 73 204 | 891 | 65.00% |
| HDFC ERGO Health Insurance | - | - | - | - | - |
| Reliance Health Insurance | - | - | - | - | - |
| Total | 208 120 | 2 532 | 127 873 | 1 556 | 61.44% |
| Specialized companies | |||||
| ECGC | 9 409 | 115 | -7 029 | -86 | -74.71% |
| Agriculture Insurance Company of India | 67 656 | 823 | 63 833 | 777 | 94.35% |
| Total | 77 065 | 938 | 56 804 | 691 | 73.71% |
| Non-life total | 1 799 950 | 21 905 | 1 493 128 | 18 171 | 82.95% |
Exchange rate as at 31/03/2023: 1 INR = 0.01217 USD
Read also | Insurance sector in India
