The New India Assurance Company (NIACL) Q2 26/27 earnings summary

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.