The New India Assurance Company (NIACL) Q1 25/26 earnings summary

Executive summary

• Gross written premium reached ₹13,334 crore in Q1 FY26, up 13.11% year-on-year, with domestic premium growth of 15.27% and market share rising from 14.65% to 15.51%, outpacing the industry’s 8.84%.

• Net profit after tax rose 80% year-on-year to ₹391 crore.

• Focus remains on profitability, launching innovative products for retail and MSME, and strengthening risk management.

• Assets under management stood at ₹1,00,802 crore and net worth at ₹45,414 crore.

• Continued top credit ratings from CRISIL and AM Best.

Financial highlights

• Net written premium was ₹10,839.90 crore, up from ₹9,577 crore year-on-year; net earned premium reached ₹9,369.42 crore.

• Investment income increased to ₹2,290 crore from ₹1,852 crore year-on-year.

• Combined ratio remained stable at 116.16% (vs. 116.13% last year); net incurred claims ratio rose to 99.76% from 95.98%.

• Solvency ratio increased to 1.87x from 1.83x; return on equity at 7.17%, up from 4.15%.

• Technical reserves rose to ₹55,789 crore.

Outlook and guidance

• Targeting a 3% improvement in combined ratio for FY26, aiming for approximately 113.

• Emphasis on profitability, product innovation, and expanding insurance penetration, especially in retail, MSME, and Gujarat.

• Continued focus on risk management, technology adoption, and strengthening internal controls and audit systems.