The New India Assurance Company Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
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 has submitted audited financial results for Q4 and FY ended March 31, 2025. Gross premiums grew to Rs 43,618 crore from Rs 41,996 crore (up 3.9%), while net premium written rose 5.5% to Rs 36,315 crore, but profit after tax declined to Rs 988 crore from Rs 1,129 crore (down 12.5%), with EPS falling to Rs 6.00 from Rs 6.85. The combined ratio improved to 116.78 from 119.88 and solvency ratio rose to 1.91 from 1.81, though return on equity slipped to 4.66% from 5.58%. Auditors issued a Qualified Opinion citing unreconciled balances across reinsurance, co-insurance, inter-office and other accounts (impact unascertainable), along with multiple Emphasis of Matter points including Rs 5,79,811 lakhs in tax-related contingent liabilities, Rs 45,095 lakhs provision for pending wage revision, and weaknesses in internal controls. A final dividend of Rs 1.80 per share (36% of paid-up capital) was recommended with September 4, 2025 as the record date. Operating cash flow remained deeply negative at Rs 3,42,897 lakhs, though improved from Rs 4,67,769 lakhs in FY24.
Mixed signals for shareholders — top-line growth and improved underwriting metrics are positive, but declining profits, a recurring qualified audit opinion, and large unresolved balance sheet items raise governance and quality-of-earnings concerns. The Rs 1.80 dividend offers modest income, but cash flow remains structurally negative for core operations.