The company’s combined ratio was at 102.3 per cent in Q2FY 26 as against 101.4 in the corresponding quarter of FY 25.The underwriting losses of the BAGIC has deteriorated to Rs92 crore in the reporting quarter as against Rs 48 crore in Q2FY25 impacted by higher acquisition cost on preferred business lines.
Pune:Bajaj General Insurance has recorded a 5 per cent year on year(Y-O-Y) rise in its net profit to Rs 517 crore in Q2 FY2026.
The insurer’s gross written premium grew 9.2 per cent Y-O-Y to Rs 6,413 crore in Q2 FY2026 as against Rs5,871 crore in Q2 FY2025.
The premium growth was largely driven by commercial (Fire, Marine, Engineering & Liability), Motor and Miscellaneous lines, said the company.
The company’s combined ratio was at 102.3 per cent in Q2FY 26 as against 101.4 in the corresponding quarter of FY 25.
The underwriting losses of the BAGIC has deteriorated to Rs92 crore in the reporting quarter as against Rs 48 crore in Q2FY25 largely impacted by higher acquisition cost on preferred business lines.
Claim ratio of the company improved to 75.8 per cent in 02 FY26 v/s 79.7 per cent in 02 FY25 due to better claims experience.
The insurer’s investment and other income (net) for 02 FY26 increased by 11 per cent to Rs 788 crore v/s Rs 708 crore in 02 FY25 due to better investment performance.
The insurer’s asset under margin has risen by 9 perr cent Y-O-Y to Rs 34,974 9 crore
Solvency Margin for the company was at 339% as against the regulatory norm of 150%