Key Metrics of Oriental Insurance
About Oriental Insurance
Sectors
Company details
- Website
- orientalinsurance.org.in
Operational Areas of Oriental Insurance
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
WatchDowngraded by ICRA on 26 Oct 2026
WatchNegative outlook (ICRA)
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | ICRA | Downgraded | A+ | — | Negative | — | View |
Credit strengths (ICRA, Oct 2026)
+ Sovereign ownership
OICL is wholly owned by the GoI, and ICRA expects the company to continue to receive support from the sovereign.
+ Established player with long operating history
OICL has a long operating track record and an established presence in the general insurance industry, particularly in North India.
Credit challenges
− Weak solvency ratio; largely dependent on GoI for capital infusion s
OICL’s capitalisation profile remains weak, as reflected in its negative solvency position amid losses and the absence of equity infusion s from the GoI during FY2023-FY2026.
− Weak underwriting performance
The earnings profile remains weak, with the company reporting a net loss of Rs. 4,061 crore in FY2026 compared with net profits of Rs. 144 crore in FY2025 and Rs. 19 crore in FY2024.
− Adequacy of reserves in long-tail business
A major risk faced by an insurance company is the underwriting of the business at adequate premium pricing in relation to the underwritten risk.
Could lead to an upgrade
The outlook may be revised to Stable if there is a consistent improvement in the underwriting performance and/or an improvement in the solvency position.
Could lead to a downgrade
ICRA could downgrade the rating on a dilution in OICL’s importance to the GoI or on its inability to improve its capital position.
Agency-reported financials (ICRA, 26 Oct 2026)
| Metric | FY2025 | FY2026 | Q1 FY2027 |
|---|---|---|---|
| Gross direct premium | ₹20,327 Cr | ₹21,027 Cr | ₹6,282 Cr |
| PAT | ₹144 Cr | ₹-4,061.00 Cr | ₹-,340.00 Cr |
| Net worth (excluding FVCA) | -3,683.00× | -7,729.00× | -8,074.00× |
| Net worth (including FVCA) | 3,622.00× | -2,535.00× | -2,093.00× |
| Total investment | ₹28,489 Cr | ₹25,424 Cr | ₹25,921 Cr |
| Combined ratio | 123.0% | 145.7% | 119.2% |
| Solvency ratio (times) | -1.03× | -1.63× | -1.70× |
Borrowings & rated debt
Credit assessment · Non-life insurance
Rating Methodology & Financial Ratios – Non-Life Insurance Sector (Mar 2025) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 67% |
| Information on file | 33% · missing: Annual results history (3+ years), Liquidity position, Debt obligations and repayment schedule, Capex / investment plans, Auditor details, Shareholding pattern |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 36% chance the next rating action is stable or better
- Current rating A+ (investment grade)
Rated limits by facility
Timeline
From the report
The GoI had infused Rs. 4,420 crore into OICL during FY2020-FY2022.
From the report
Of the aggregate infusions of Rs. 2,500 crore, Rs. 9,950 crore and Rs. 5,000 crore in FY2020, FY2021 and FY2022, respectively, OICL received Rs. 50 crore, Rs. 3,170 crore and Rs. 1,200 crore, respectively, amounting to Rs. 4,420 crore over this period.
From the report
As per ICRA’s estimates, OICL would require an equity infusion of around Rs. 12,800 crore to meet the regulatory solvency requirement as on June 30, 2026, after considering 100% of the FVCA; the requirement would be higher at around Rs. 18, 800 crore excluding the FVCA.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Oriental Insurance
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Life Insurance Corporation of India |
Outlets operated by LICI. | licindia.in | 1956 | India |
| American Coastal Insurance Corporation | Government Insurance Companies · Public Sector (PSU) & Government | — | — | United States |
 The New India Assurance Company Limited |
Government Insurance Companies · Public Sector (PSU) & Government | newindia.co.in | — | Mumbai, Maharashtra, India |
| Government Insurance Companies · Public Sector (PSU) & Government | gicofindia.com/en | 1972 | Mumbai, Maharashtra, India | |
| Government Insurance Companies · Public Sector (PSU) & Government | nationalinsurance.nic.co.in | 1906 | Kolkata, India | |
| Outlets operated by United India Bank. | uiic.co.in | 1938 | Chennai, India | |
 The Oriental Insurance Company |
General Insurance · Insurance | orientalinsurance.org.in | — | Delhi, India |
| Life Insurance Corporation of India (LIC) |
Life Insurance · Insurance | licindia.in | — | India |
| General Insurance · Insurance | uiic.co.in | 1938 | Chennai, India | |
| Outlets operated by government. | nationalinsurance.nic.co.in | 1906 | Kolkata, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Public sector general insurance
Filings
No filings on record yet.