THE NEW INDIA ASSU CO LTD

Sells general insurance products — motor, health, fire, marine and other lines — to retail and corporate policyholders across India. Earns from two distinct sources: insurance premiums (gross written premium of ₹47,174 crore in FY26, up 8% YoY) and investment income on the premium float (₹11,112 crore in FY26, up 38% YoY). Health & Personal Accident accounts for 47.5% of the premium book, with the balance spread across Motor (own damage and third party), Fire, Marine and other classes. Underwriting runs at a loss, with a combined ratio of 122.57% in FY26 (116.67% excluding a one-time wage revision impact of ₹3,525 crore), meaning claims and expenses exceed premium collected; the gap is bridged by investment income. Manages assets under management of ₹96,652 crore and holds a solvency ratio of 1.84x against the 1.5x regulatory minimum. Operates 411 offices across 28 states with 10,405 employees and holds a 12.74% share of the Indian general insurance industry. Recent initiatives include the Bharat Maritime Pool, a War Cover product for the Fire segment, and a Go Retail strategy to expand individual customer share.