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Informist, Thursday, Nov. 13, 2025

 

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--New India Assurance Apr-Sept total income INR 233.39 bln vs INR 199.07 bln 
--New India Assurance Apr-Sept PAT INR 4.54 bln vs INR 2.88 bln yr ago 
--New India Assurance Q2 net premium written INR 88.08 bln vs INR 80.67 bln 
--New India Assurance Q2 total income INR 123.1 bln vs INR 100.9 bln yr ago 
--New India Assurance Jul-Sept PAT INR 632.50 mln vs INR 710.0 mln yr ago

 

By Priyasmita Dutta

 

NEW DELHI – The New India Assurance Co. Ltd.'s net profit for the quarter ended September fell 11% as underwriting losses widened sharply with a sharp rise in expenses. As a result, the insurance company's operating profit fell although its healthy income from investments helped limit the fall in profit. 

 

The general insurer's net profit totalled INR 632.50 million, nearly one-sixth of the quarter ago figure. The insurer's net profit in Apr-Jun was boosted by the surge in other income. Other income of the insurer had risen from INR 28.2 million to INR 2.02 billion. In the quarter under review, the insurer did not have any such income.

 

The New India Assurance's underwriting losses widened to INR 35.54 billion from INR 19.48 billion loss in the September quarter of 2024-25 (Apr-Mar). Sequentially, the loss is more than double the loss in the June quarter. 

 

The core income of the insurer, the gross written premium, rose 10% on year to INR 105.41 billion in the September quarter. Consequently, the net premium earned also rose 10% to INR 93.99 billion. The income in shareholder's account was 33% higher on year at INR 3.62 billion. Sequentially, it halved. 

 

The insurer reported an operating loss of INR 6.40 billion, worse than the INR 3.84 billion loss in the September quarter last year. In the trailing quarter, the operating loss was to the tune of INR 993 million.

 

The insurer's total expenses surged 24% on year to INR 129.53 billion during the quarter. The New India Assurance's income from investments were a saving grace. It nearly doubled on year to INR 29.14 billion in Jul-Sept. Sequentially, it was up 76%. 

 

"During the period, the company made a provision of Rs. 1,680 crore (INR 16.80 billion) towards wage revision arrears and corresponding adjustments in employee benefit liabilities. This one-time provision temporarily affected underwriting margins and the combined ratio," said Girija Subramanian, chairman and managing director. "However, robust investment income, supported by buoyant equity markets and prudent portfolio management, more than offset the impact, enabling a healthy rise in net profits."

 

"The company remains optimistic about sustaining growth momentum," Subramanian said. "We continue to register industry-leading growth in October, and early indicators suggest improvement in loss ratios in the second half of the financial year."

 

The combined ratio was 139.77%, higher than 124.05% in the same period last year. The solvency ratio was also stable at 1.79 times, though lower from 1.87 times in the trailing quarter and 1.81 times a year ago. On Thursday, shares of the insurer closed 0.4% lower at INR 184.51 on the National Stock Exchange. 

 

For Apr-Sept, the insurer reported a net profit of INR 4.54 billion, 58% lower on year. Total income during the period was INR 233.39 billion, up 17% on year.  End

 

Edited by Akul Nishant Akhoury

 

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