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Particulars | FY 2025 | 9M FY25 | 9M FY26 | Q3 FY25 | Q3 FY26 |
Gross Direct Premium (Cr) | 8,472 | 6,491 | 7,444 | 2,115 | 2,557 |
Gross Written Premium (Cr) | 10,282 | 7,706 | 8,558 | 2,677 | 2,909 |
Profit Before Tax (Cr) | 425 | 309 | 459 | 119 | 163 |
Profit After Tax (Cr) | 425 | 309 | 395 | 119 | 140 |
Assets Under Management (Cr) | 19,703 | 18,939 | 22,509 | 18,939 | 22,509 |
Loss Ratio (%) | 72.8 | 71.4 | 72.0 | 72.9 | 72.5 |
Expense Ratio (%) | 36.5 | 37.1 | 38.3 | 35.2 | 38.2 |
Combined Ratio (%) | 109.3 | 108.5 | 110.3 | 108.1 | 110.7 |
Expense Ratio without 1/n basis (%) | 35.8 | 36.8 | 36.5 | 34.3 | 36.1 |
Combined Ratio without 1/n basis (%) | 108.6 | 108.2 | 108.5 | 107.2 | 108.6 |
Combined Ratio IFRS basis (excluding discounting benefit %) unaudited | 106.9 | 106.9 | 105.6 | 106.2 | 105.0 |
Premium Income: -
In Q3 2026, Gross Direct Premium of the Company stood at ₹ 2,557cr compared to ₹ 2,115 cr in Q3 2025, recording a growth of 20.9%
In Q3 2026, Gross Written Premium of the Company stood at ₹ 2,909 cr compared to ₹ 2,677 cr in Q3 2025, recording a growth of 8.7%
Profitability:
Profit before tax for the Q3 2026 stood at ₹163 cr, compared to ₹ 119 cr in Q3 2025, grew by 36.9%.
Profit after tax for the Q3 2026 stood at ₹ 140 cr, compared to ₹ 119 cr in Q3 2025, grew by 17.6%.
Assets Under Management: -
As of December 31, 2025, assets under management increased by ₹ 3,570cr to ₹ 22,509cr, compared to ₹ 18,939 cr as at December 31, 2024 having a growth of 18.8%.
Combined Ratio: -
Combined Ratio for Q3 2026 is 110.7% with 1/n, as compared to 108.1% with 1/n in Q3 2025
Combined Ratio IFRS basis (excluding discounting benefit %)unaudited for Q3 2026 is 105.0%, as compared to 106.2% in Q3 2025
Solvency: -
Solvency ratio was at 2.30x as at December 31, 2025 as against 2.24x as at March 31, 2025, higher than the minimum regulatory requirement of 1.50x.