The New India Assurance Company (NIACL) Q4 25/26 earnings summary

Executive summary

• Gross written premium grew by 8.2% year-over-year to ₹47,58,010 lakhs, with Indian business outpacing industry growth and market share rising from 12.56% to 12.74%.

• Profit after tax increased by 40% for the year to ₹1,38,359 lakhs and surged 61% in Q4 FY26 compared to Q4 FY25.

• The company absorbed a full wage and pension revision impact of ₹3,525 crore during the year, including ₹597 crore in Q4 for family pension revision.

• Solvency ratio remains healthy at 1.84x.

• Focus remains on retail and MSME segments for future growth.

Financial highlights

• Gross written premium for FY26 was ₹47,58,010 lakhs, up 8.15% year-over-year; Q4 FY26 premium was ₹11,619 Cr, up 1.63%.

• Net premium written for FY26 was ₹39,55,100 lakhs, up from ₹36,50,933 lakhs in FY25.

• Profit after tax for FY26 was ₹1,38,359 lakhs, up from ₹98,807 lakhs in FY25.

• Investment income for FY26 was ₹11,112 Cr, up from ₹8,034 Cr in FY25.

• Underwriting results were impacted by wage arrears and retirement benefits provisions totaling ₹2,314 Cr for FY26.

Outlook and guidance

• Management remains optimistic about growth prospects in FY27, with a strong focus on retail and MSME segments.

• Plans to launch innovative products and enter new lines such as parametric insurance.

• Emphasis on risk management and improving global credit rating.