Page 277 - Insurance Statistics 2021

HANDBOOK ON INDIAN INSURANCE STATISTICS 2019-20

TABLE 59: SOLVENCY RATIO OF GENERAL AND HEALTH INSURERS (Contd... 59)

S. Insurer June Sept Dec March
No. 2013 2013 2013 2014
Public Sector Insurers
1 National Insurance Co. Ltd.@ 0.95 0.42 0.12 0.02
2 The New India Assurance Co. Ltd. 2.13 2.08 2.10 2.11
3 The Oriental Insurance Co. Ltd.@ 1.56 1.52 1.54 0.92
4 United India Insurance Co. Ltd.@ 1.40 1.05 0.94 0.30
PRIVATE INSURERS
5 Acko General Insurance Ltd. 3.72 2.68 2.94 4.24
6 Bajaj Allianz General Insurance Co. Ltd. 2.49 2.43 2.36 2.54
7 Bharti AXA General Insurance Co. Ltd. 1.60 1.52 1.67 1.63
8 Cholamandalam MS General Insurance Co. Ltd. 1.53 1.56 1.57 1.58
9 Edelweiss General Insurance Co. Ltd. 1.95 2.15 2.43 2.36
10 Future Generali India Insurance Co. Ltd. 1.64 1.58 1.56 1.51
11 Go Digit General Insurance Ltd. 2.21 1.86 1.57 3.24
12 HDFC ERGO General Insurance Co. Ltd.^ -- -- -- --
HDFC ERGO General Insurance Co. Ltd.^^ 1.70 1.70 1.81 1.89
13 ICICI Lombard General Insurance Co. Ltd. 2.20 2.26 2.18 2.17
14 IFFCO Tokio General Insurance Co. Ltd. 1.62 1.59 1.63 1.58
15 Kotak Mahindra General Insurance Co. Ltd. 2.38 2.73 2.44 2.13
16 Liberty General Insurance Ltd. 1.81 2.63 2.25 2.18
17 Magma HDI General Insurance Co. Ltd. 1.76 1.66 1.58 1.71
18 Navi General Insurance Limited* 2.46 2.30 1.84 3.35
19 Raheja QBE General Insurance Co. Ltd. 3.60 3.22 3.00 2.46
20 Reliance General Insurance Co. Ltd. 1.60 1.53 1.53 1.52
21 Royal Sundaram General Insurance Co. Ltd. 1.91 1.88 1.84 1.69
22 SBI General Insurance Co. Ltd. 2.34 2.12 2.12 2.27
23 Shriram General Insurance Co. Ltd. 3.11 3.37 3.47 3.67
24 Tata AIG General Insurance Co. Ltd. 1.70 1.72 2.10 1.84
25 Universal Sompo General Insurance Co. Ltd. 2.24 2.01 2.07 2.28
Specialized Insurers
26 Agriculture Insurance Company of India Ltd. 2.99 1.91 1.84 2.83
27 ECGC Ltd. 12.24 12.1 15.11 15.02

Stand-alone Health Insurers
28 Aditya Birla Health insurance Co. Ltd. 1.59 2.19 2.40 1.81
29 HDFC ERGO Health Insurance Co. Ltd.** 1.51 1.62 1.52 1.74
30 ManipalCigna Health Insurance Co. Ltd. 1.86 1.67 1.86 1.90
31 Max Bupa Health Insurance Co. Ltd. 1.52 1.63 1.66 1.77
32 Reliance Health Insurance Ltd.# 1.06 0.63 0.48 0.49
33 Religare Health Insurance Ltd. 1.52 1.52 1.54 1.55
34 Star Health & Allied Insurance Co. Ltd. 1.81 1.54 1.56 1.88

REINSURERS
35 GIC Re 1.89 1.6 1.51 1.53
Note:
1. --' indicates the company has not started its operations
2. NA indicates that insurer's business was not in operation during the corresponding period
3. Reclassification/Regrouping in the previous year's figures, if any, by the insurer has not been considered.
4. @ after considering the forbearnance granted for solvency computation.
5. ^Erstwhile HDFC Ergo General Insurance Co. Ltd. merged with L&T General Insurance Co. Ltd. w.e.f. 01.01.2017, solvency ratios have been
taken upto 3rd quarter ending on December 31, 2016.
6. ^^L&T General Insurance co. Ltd. is renamed as HDFC Ergo General Insurance Co. Ltd.
7. * Erstwhile DHFL General Insurance Co. Ltd.
8. ** Erstwhile Apollo Munich Health Insurance Ltd.
9. # Upto November 15, 2019. With effect from November 15, 2019, the business portfolio of Reliance Health Insurance Ltd. was transferred to
Reliance General Insurance Co. Ltd vide IRDAI Order IRDA/F&A/ORD/SOLP/200/11/2019 dated November 06, 2019.

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