PSU General Insurers Swing to ₹10,051-Crore Loss in FY26

Four public sector general insurers reported a combined net loss of ₹10,050.79 crore in FY26, reversing a net profit of ₹802.87 crore in the previous year.

Combined pure underwriting losses widened sharply to ₹30,892.09 crore, with the combined ratio rising to 134.37% according to General Insurance Council data.

Three out of the four state-run insurers reported negative solvency ratios, while New India Assurance remained profitable with a positive solvency ratio of 1.84.