The New India Assurance Company Limited has informed the Exchange about Transcript
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New India Assurance, India's largest non-life insurer, reported Q1 FY26 gross direct premium income of Rs. 12,299.49 crores, up 15.27% YoY, outpacing industry growth of 8.84%. Market share rose to 15.51% from 14.65%. Net profit after tax jumped 80% to Rs. 391 crores from Rs. 217 crores, with return on equity improving to 7.17% from 4.15%. Combined ratio stayed flat at 116.16%, while net incurred claims ratio rose to 99.76% due to the Air India aviation claim and higher health and liability claims. Investment income grew to Rs. 2,290 crores and assets under management stood at Rs. 1,00,802 crores. Solvency ratio improved to 1.87x. The CMD guided for a 3% improvement in combined ratio (to around 113%) for FY26, supported by motor TP portfolio rebalancing, stricter health underwriting, and disciplined fire pricing.
Strong premium growth and 80% jump in profit signal robust operational performance and improving profitability. However, elevated combined ratio above 100% continues to weigh on underwriting profitability, though management's guidance for 3% improvement is a positive signal. Retail investors may view this as a steady performance with credible margin recovery targets.