Mumbai, July 16 -- However, total income rose 12% YoY to Rs 6,813.71 crore in the quarter ended 30 June 2026.

Profit before tax (PBT) fell 46.09% YoY to Rs 535.70 crore in Q1 FY27.

Gross Direct Premium Income (GDPI) rose 7.5% YoY to Rs 8,318 crore in Q1 FY27 from Rs 7,735 crore in the year-ago period. The growth, however, lagged the general insurance industry's 10.9% expansion during the quarter.

The combined ratio (CoR) on a 1/n basis deteriorated to 107.2% in Q1 FY27 from 102.9% in Q1 FY26, while on an "n" basis, it increased to 106.1% from 102.2%.

The insurer said the combined ratio was impacted by two major one-off events during the quarter. Large fire insurance claims amounting to Rs 63 crore increased the CoR by 1 percentage poi...