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

Executive summary

• Domestic gross premium grew 10.9% year-over-year, outpacing industry growth of 9.3%, with market share rising from 12.56% to 12.74%.

• Net profit after tax increased 40% year-over-year to INR 1,384 crore (₹1,38,359 lakhs), with Q4 profit up 61%.

• Absorbed a total wage and pension revision impact of INR 3,525 crore during the year, including INR 597 crore in Q4.

• Maintained a strong solvency ratio at 1.84x and improved return on equity to 6.08%.

• Strategic focus on retail and MSME segments, with Health contributing significantly to growth.

Financial highlights

• Gross written premium for FY26 was INR 47,174 crore (₹47,58,010 lakhs), up from INR 43,618 crore (₹43,97,749 lakhs) in FY25.

• Net premium earned was INR 38,462 crore (₹39,55,100 lakhs), up from INR 35,368 crore (₹36,50,933 lakhs).

• Investment income increased to INR 11,112 crore from INR 8,034 crore.

• Net worth rose to INR 23,619 crore (₹23,619 Cr), and assets under management stood at INR 96,652 crore (₹98,045 Cr).

• Capital gains recognized during the year were around INR 5,600 crore.

Outlook and guidance

• Double-digit growth expected for the overall book in FY27, with single-digit growth in motor.

• Health and retail segments to drive future growth, supported by GST tax waiver and increased insurance awareness.

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

• Continued focus on underwriting discipline, risk management, and improving global credit rating.