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flash-report_feb-2025

The Flash Report details the gross direct premiums underwritten by non-life insurers for February 2025, showing a total decrease of 2.82% compared to the previous year. Stand-alone health insurers experienced a growth of 7.80%, while specialized insurers saw a slight increase of 1.79%. The report notes that the IRDAI has revised reporting formats, excluding long-term policy premiums from current year figures, affecting growth rate comparisons.

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14 views

flash-report_feb-2025

The Flash Report details the gross direct premiums underwritten by non-life insurers for February 2025, showing a total decrease of 2.82% compared to the previous year. Stand-alone health insurers experienced a growth of 7.80%, while specialized insurers saw a slight increase of 1.79%. The report notes that the IRDAI has revised reporting formats, excluding long-term policy premiums from current year figures, affecting growth rate comparisons.

Uploaded by

1975marchpg
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Flash Report _Non-Life Insurers

Gross Direct Premium Underwritten For & Upto February 2025 (Provisional figures)
Insurers For the Month Growth % Cumulative Upto Month Growth % Market Share %
Current Year Previous Year Current Year Previous Year Current Year Previous Year
General Insurers
Acko General Insurance Ltd 142.91 147.08 -2.84% 1882.9 1688.64 11.50% 0.67% 0.64%
Bajaj Allianz General Insurance Co Ltd 1218.87 1294.8 -5.86% 20006.13 18809.96 6.36% 7.14% 7.15%
Cholamandalam MS General Insurance Co Ltd 616.7 660.99 -6.70% 7445.34 6852.5 8.65% 2.66% 2.60%
Future Generali India Insurance Co Ltd 368.6 415.58 -11.30% 4880.31 4474.88 9.06% 1.74% 1.70%
Go Digit General Insurance Ltd 567.08 611.68 -7.29% 7784.72 7256.72 7.28% 2.78% 2.76%
HDFC Ergo General Insurance Co Ltd 1016.11 1546.3 -34.29% 14310.09 16458.85 -13.06% 5.10% 6.26%
ICICI Lombard General Insurance Co Ltd 1841.32 1854.19 -0.69% 25025.45 22936.02 9.11% 8.93% 8.72%
IFFCO-Tokio General Insurance Co Ltd 580.1 633.25 -8.39% 7689.6 9126.4 -15.74% 2.74% 3.47%
Zurich Kotak Mahindra General Insurance Co Ltd 154.69 160 -3.32% 1723.74 1402.48 22.91% 0.61% 0.53%
Kshema General insurance 24.15 3.01 702.33% 758.82 530.41 43.06% 0.27% 0.20%
Liberty General Insurance Co. Ltd 166.47 175.54 -5.17% 2087.91 1998.92 4.45% 0.74% 0.76%
Magma General Insurance Limited 294.98 299.32 -1.45% 2995.36 2759.38 8.55% 1.07% 1.05%
National Insurance Co Ltd 967.84 929.69 4.10% 15148.46 13732.64 10.31% 5.40% 5.22%
Navi General Insurance Co. Ltd 7.95 6.83 16.40% 57.51 59.4 -3.18% 0.02% 0.02%
Raheja QBE General Insurance Co Ltd 12.33 35.22 -64.99% 339.98 229.67 48.03% 0.12% 0.09%
Reliance General Insurance Co Ltd 730.12 729.99 0.02% 11888.11 10784.81 10.23% 4.24% 4.10%
Royal Sundaram General Insurance Co Ltd 260.18 302.03 -13.86% 3454.79 3314.28 4.24% 1.23% 1.26%
SBI General Insurance Co Ltd 1208.17 1206.08 0.17% 12344.5 11329.08 8.96% 4.40% 4.31%
Shriram General Insurance Co Ltd 338.44 278.55 21.50% 3358.32 2715.58 23.67% 1.20% 1.03%
Tata AIG General Insurance Co Ltd 1304.24 1180.57 10.48% 16110.62 13687.16 17.71% 5.75% 5.20%
The New India Assurance Co Ltd 2468.01 2417.43 2.09% 35708.65 34133.44 4.61% 12.74% 12.97%
The Oriental Insurance Co Ltd 1313.93 1443.2 -8.96% 18017.96 16676.17 8.05% 6.43% 6.34%
United India Insurance Co Ltd 1394.42 1627.12 -14.30% 18119.68 17938.63 1.01% 6.46% 6.82%
Universal Sompo General Insurance Co Ltd 323.61 250.74 29.06% 4769.71 4352.12 9.60% 1.70% 1.65%
Zuno General Insurance Co Ltd 78.12 74.31 5.13% 908.14 754.82 20.31% 0.32% 0.29%
General Insurers Sub Total 17399.34 18283.50 -4.84% 236816.80 224002.96 5.72% 84.48% 85.15%
Stand Alone Health Insurers
Niva bupa health insurance company limited 636.33 503.37 26.41% 5952.75 4899.12 21.51% 2.12% 1.86%
Aditya Birla Health Insurance Co Ltd 384.43 302.15 27.23% 4159.98 3178.88 30.86% 1.48% 1.21%
Care Health Insurance Ltd 656.7 626.49 4.82% 6798.94 6105.87 11.35% 2.43% 2.32%
Galaxy Health Insurance Company Ltd 4.47 - - 9.76 - - - -
ManipalCigna Health Insurance Co Ltd 124.84 154.37 -19.13% 1567.25 1503.14 4.27% 0.56% 0.57%
Narayana Health Insurance Ltd 0.6 - - 1.79 - - - -
Star Health & Allied Insurance Co Ltd 1427.22 1414.18 0.92% 14497.94 13111.85 10.57% 5.17% 4.98%
Stand Alone Health Insurers sub Total 3,234.59 3,000.56 7.80% 32,988.41 28,798.86 14.55% 11.77% 10.95%
Specialised Insurers
Agriculture Insurance Co Of India Ltd 995.92 977.38 1.90% 9332.99 9176.76 1.70% 3.33% 3.49%
ECGC Ltd 117.72 116.68 0.89% 1194.01 1105.16 8.04% 0.43% 0.42%
Specialised Insurers Sub Total 1113.64 1094.06 1.79% 10527 10281.92 2.38% 3.76% 3.91%
Grand Total 21,747.57 22,378.12 -2.82% 2,80,332.21 2,63,083.74 6.56% 100.00% 100.00%
Grand Total excl. specialised cos 20633.93 21284.06 -3.05% 269805.21 252801.82 6.73% 96.24% 96.09%

“IRDAI has recently revised the formats for reporting and they have excluded premium from long term policies from reporting of premiums with effect
from October 1, 2024. It is assumed that all companies have deducted the long term premiums accordingly for the current year only following IRDAI
formats. Therefore the growth rates reported for the current year cannot be compared with the previous year's figures.”

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