General Insurers’ Underwriting Losses Widen to Rs 45,279 Crore in FY26
General insurers saw underwriting losses widen to Rs 45,279 crore in FY26, reflecting pressure on core insurance operations.
General insurers reported a sharp widening in underwriting losses to Rs 45,279 crore in FY26.
General Insurers: India's general insurance industry reported underwriting losses of Rs 45,279 crore in FY26, widening from Rs 31,043 crore in FY25, according to financial highlights published by the General Insurance Council. The industry, comprising public and private general insurers, standalone health insurers and specialised public sector insurers, saw only one of its roughly 32 players keep its combined ratio below 100 percent, indicating that most insurers continued to lose money on their core underwriting business.
Gross direct premium income of non-life insurers grew 9 percent to Rs 3.36 lakh crore in FY26. Underwriting profit is a key measure of an insurer's financial health, reflecting the profitability of its core insurance business after accounting for claims and insurance-related expenses.
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