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 Rs. 1.80 per equity share.
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The Board of The New India Assurance Company, at its May 19, 2025 meeting, recommended a final dividend of Rs. 1.80 per equity share (face value Rs. 5) for FY25, amounting to 36% of paid-up capital, subject to AGM approval. The record date is September 4, 2025. For FY25, the company reported total income of Rs. 41,066 crores (up from Rs. 40,592 crores), but profit after tax fell to Rs. 988 crores from Rs. 1,129 crores. EPS dropped to Rs. 6.00 from Rs. 6.85. On a positive note, the combined ratio improved to 116.78% (from 119.88%) and solvency ratio rose to 1.91x (from 1.81x). The audit was issued with a qualified opinion over pending reconciliations of reinsurance, co-insurance, and inter-office balances. Multiple KMP changes were also announced, including a new Chief Underwriting Officer, Chief Marketing Officer, Chief Compliance Officer, and Company Secretary.
The final dividend of Rs. 1.80 per share is lower than the prior year's per-share payout, which may disappoint income-focused shareholders. Falling profits and a qualified audit opinion on balance reconciliations could weigh on sentiment, but improved combined and solvency ratios signal progress on underwriting health.