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% growth.

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

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

• Maintained top credit ratings from CRISIL and AM Best.

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

Financial highlights

• Gross written premium was ₹13,333.58 crore, net premiums earned ₹9,369.42 crore, and net written premium ₹10,840 crore.

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

• Net worth increased to ₹45,414 crore.

• Technical reserves rose to ₹55,789 crore.

• Solvency ratio at 1.87x, ROE improved to 7.17% from 4.15%.

Outlook and guidance

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

• Emphasis on launching new products for retail and MSME, expanding in Gujarat, and growing new lines like parametric insurance.

• Continued focus on risk management, technology adoption, and improving global credit rating.

• Strengthening internal controls and audit systems.