Earnings Review
New India Assurance Q3 PAT up on rise in investment income
This story was originally published at 21:52 IST on 30 January 2026
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--New India Assurance Oct-Dec net profit INR 3.72 bln vs INR 3.53 bln yr ago--New India Assurance Oct-Dec total income INR 113.74 bln vs INR 101.94 bln
--New India Assurance Q3 net premium written INR 96.78 bln vs INR 89.20 bln
--New India Assurance Apr-Dec net profit INR 8.26 bln vs INR 6.41 bln yr ago
--New India Assurance Apr-Dec total income INR 347.13 bln vs INR 301.00 bln
By Shruti Nair
MUMBAI – The New India Assurance Co. Ltd. reported a moderate growth in its net profit for the December quarter due to a surge in income from investments. The bottom line rose even as the insurer's rise in total expenses outpaced the rise in its total income. The insurer also reported an operating loss for the reporting quarter despite a moderate growth in its top line.
The bottom line of the company was INR 3.72 billion for the December quarter, up over 5% on year. The net profit was boosted by a 42% increase in its income from investments which was INR 16.49 billion in the reporting quarter.
The total income of the company was INR 113.74 billion, up nearly 12% on year but its total expenses were higher at INR 114.61 billion, up nearly 10% on year. The insurer's underwriting loss widened to INR 17.36 billion for the December quarter. The underwriting loss was INR 14.46 billion in the year-ago quarter.
The company's employee costs rose nearly 61% to INR 13.03 billion for the reporting quarter. The increases in these expenses mainly drove an operating loss of INR 867.3 million.
The insurer's gross written premium was INR 116.80 billion in the December quarter, up over 8% on year from INR 107.78 billion in the year-ago quarter. Consequently, net written premium rose nearly 9% on year to INR 96.78 billion from INR 89.20 billion in the year-ago quarter.
The health insurance segment's net written premium was INR 52.21 billion for the December quarter, contributing over 54% to the insurer's total net written premium. The crop insurance segment makes up the lowest share of the insurer's net written premium contributing only INR 88.5 million.
The insurer's incurred claim ratio was 90.66% for the December quarter, down from 94.36% in the year-ago quarter. The combined ratio was 117.97% for the reporting quarter, down from 116.26% in the year-ago quarter. The insurer's asset quality marginally improved in the reporting quarter. The gross non-performing asset ratio improved to 0.22% for the reporting quarter from 0.23% in the trailing quarter. Friday, The New India Assurance shares ended at INR 148.91 on the NSE, up 1.3%. End
Edited by Akul Nishant Akhoury
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