Earnings Review
New India Assurance Q4 PAT up on gain in net premium earned
This story was originally published at 09:26 IST on 12 May 2026
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--New India Assurance Jan-Mar net profit INR 5.58 bln
--New India Assurance Jan-Mar net profit INR 5.58 bln vs INR 3.47 bln yr ago
--New India Assurance Jan-Mar total income INR 117.86 bln vs INR 109.66 bln
--New India Assurance Q4 net premium written INR 100.05 bln vs INR 97.51 bln
--New India Assurance to pay INR 1.50 per share final dividend
--New India Assurance final dividend record date is Sept 4
--New India Assurance FY26 net profit INR 13.84 bln vs INR 9.88 bln yr ago
--New India Assurance FY26 total income INR 464.99 bln vs INR 410.66 bln
By Durgesh Nandan
MUMBAI – The New India Assurance Co. Ltd. reported a significant on year growth in its net profit for the March quarter despite a rise in total expenses. The bottom line was supported by an on-year rise in net premium earned and net premium written. The inclusion of the provision for tax amount into the balance sheet also supported profit growth.
The public sector company posted a net profit of INR 5.58 billion, up 61% on year and over 50% sequentially for the reporting quarter. This was mainly due to a rise in net premium earned to INR 99.69 billion from INR 93.06 billion reported a year ago, up 7% on year. Its net premium written was INR 100.05 billion, up 3% year-on-year. The company’s gross written premium was INR 116.19 billion, up nearly 2% on year. The company reported a healthy growth in its total income to INR 117.86 billion for Jan-Mar, up over 7% on year.
However, the company's total expenses surpassed the total income by a slight margin. The company's total expenses rose to INR 118.05 billion, up nearly 13% on year. The company's underwriting results were impacted by provision for wage arrears and retirement benefits of active employees, which amounted to INR 4.36 billion for the reporting quarter and INR 23.14 billion for FY26, the company said.
The addition of a provision for tax amount of INR 1.21 billion helped the company in marking a significant on-year growth in its net profit. The New India Assurance Co.'s market share increased to 12.74% from 12.56% in the previous year, it said.
The company reported a healthy growth in its gross written premium for the motor own damage and motor third party segment. For the motor own damage segment, its gross written premium was INR 15.65 billion, up over 11% on year, while for the motor third party it was INR 20.24 billion, up nearly 3% year-on-year.
The company announced a final dividend of INR 1.50 per share with a record date set on Sep. 4. For FY26, the company's net profit was INR 13.84 billion, up 40% on year, whereas its total income for the same period was INR 464.99 billion, up over 13%. Monday, shares of the company ended at INR 163.13 per share on the National Stock Exchange, down marginally. End
Edited by Vandana Hingorani
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