The New India Assurance Company Limited has informed the Exchange that Board of Directors at its meeting held on May 19, 2025, recommended Final Dividend of 1.80 per equity share.
NIACL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The New India Assurance Company's board, at its May 19, 2025 meeting, approved audited results for Q4 and FY25 and recommended a final dividend of Rs 1.80 per equity share (face value Rs 5), totaling about Rs 96.64 crore (36% of paid-up capital). This is lower than the previous year's final dividend of Rs 2.06 per share, indicating a cut. The record date for the dividend is September 4, 2025, subject to shareholder approval at the AGM. For FY25, the company reported profit after tax of Rs 988 crore, down from Rs 1,129 crore in FY24, with EPS falling to Rs 6.00 from Rs 6.85. Gross premiums grew to Rs 43,618 crore from Rs 41,996 crore, but the combined ratio remained high at 116.78%, and return on equity fell to 4.66%. The solvency ratio improved to 1.91 from 1.81. The statutory auditors issued a qualified opinion, flagging unreconciled old balances in reinsurance, co-insurance, and inter-office accounts (totaling over Rs 2,500 crore in net reinsurance balances). The company also announced several senior management appointments.
Shareholders will see a smaller dividend payout this year (Rs 1.80 vs Rs 2.06 last year), and weak underwriting results combined with a qualified audit opinion on unresolved old balances may weigh on sentiment, though the higher solvency ratio and premium growth offer some comfort.