The New India Assurance Company Limited has informed the Exchange regarding the outcome of the Board meeting held on May 19, 2025.
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The board of New India Assurance, held on May 19, 2025, approved audited financial results for Q4 and FY25 (ended March 31, 2025). Gross premiums written grew to Rs 43,618 crore (up ~3.9% from Rs 41,996 crore last year), while net premiums rose to Rs 36,315 crore. However, profit after tax fell about 12.5% to Rs 988 crore (from Rs 1,129 crore), and EPS dropped to Rs 6.00 from Rs 6.85. The combined ratio improved to 116.78% from 119.88%, and solvency ratio strengthened to 1.91 from 1.81. The board recommended a final dividend of Rs 1.80 per share (face value Rs 5), with record date set as September 4, 2025, subject to shareholder approval. Several key managerial changes were made: Rema Devi Vettuvot as Chief Underwriting Officer, Prashant Biswas as Chief Marketing Officer, Jayashree Nair as Chief Compliance Officer, and Abhishek Pagaria as Company Secretary & Compliance Officer.
Despite revenue growth, the decline in profit and a combined ratio well above 100% indicate underwriting losses persist, especially in Motor and Health segments, which may weigh on the stock. The improved solvency ratio and stable dividend are positives, while the auditor's qualified opinion on pending reconciliations is a recurring concern. Shareholders will see the final dividend after the September 4 record date, pending AGM approval.