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The New India Assurance Company (NIACL) investor relations material
The New India Assurance Company Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 FY27 standalone net loss was ₹1,26,704 lakh versus profit of ₹6,325 lakh in Q2 FY26; H1 net loss was ₹1,52,381 lakh versus profit of ₹45,426 lakh.
Consolidated Q2 net loss was ₹1,26,001 lakh and H1 net loss ₹1,50,395 lakh; comparable prior-year periods reported profits of ₹2,010 lakh and ₹41,250 lakh.
Results were pressured by underwriting losses, large property and flood claims, and an additional Motor Third-Party reserve following a Supreme Court ruling.
Financial highlights
Standalone Q2 gross premiums written were ₹11,08,343 lakh; H1 was ₹24,80,390 lakh versus ₹23,87,475 lakh YoY.
Standalone Q2 net premium earned was ₹9,63,218 lakh; net investment income was ₹2,90,721 lakh, bringing total income to ₹12,53,939 lakh.
Standalone Q2 incurred claims were ₹12,87,950 lakh and total expenses ₹14,86,953 lakh; operating loss was ₹2,33,014 lakh.
Standalone Q2 net loss included tax provision of ₹4,787 lakh; H1 net loss included a one-time ₹6,129 lakh deferred-tax charge from the tax-regime change.
Q2 GWP growth was 5.14%, while approximately ₹1,800 crore of capital gains were realized through partial monetization of the NSE India investment.
Outlook and guidance
Property premiums showed signs of stabilizing; focus areas include tighter underwriting, claims-management technology in health and motor, operational efficiency, and innovative products to support sustainable profitable growth.
Ind AS primary reporting is scheduled to begin April 1, 2027 after IRDAI approved one-year transition forbearance; parallel Ind AS information is being submitted for monitoring.
- Premium crossed ₹10,000cr as profits returned, despite catastrophe-driven foreign losses.NIACL
Q4 11/12 - Premiums grew, but lower profit and a thinner underwriting surplus underscored rising pressures.NIACL
Q4 98/99 - Investment income cushioned falling profits as underwriting swung to a Rs. 177.98 crore loss.NIACL
Q4 99/00 - Premium growth reached 20.18%, but underwriting losses and lower PAT persisted.NIACL
Q4 01/02 - Investment gains lifted PAT 78.10% as claims pressure widened underwriting losses.NIACL
Q4 05/06 - Premium growth and lower expenses drove PAT up 103.80% despite continued underwriting losses.NIACL
Q4 06/07 - Premium and profit advanced, but underwriting losses and rising NPAs remained key concerns.NIACL
Q4 02/03 - Investment gains lifted FY04 profit despite a wider underwriting loss and SVRS costs.NIACL
Q4 03/04 - Investment income cushioned lower profit as rising claims widened the underwriting deficit.NIACL
Q4 07/08
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