New India Assurance Reports 61% Jump in PAT for Q4 FY26, Highlights Market Share Gains
The New India Assurance Company Limited, a Government of India undertaking, announced the audited financial results for the quarter and financial year ended March 31, 2026. Management noted that the company's Gross Written Premium grew by 8.2% during the year, enhancing its market share from 12.56% to 12.74% during the period.In a positive development, the profit after tax (PAT) improved by 40% for the financial year 2025-2026 and recorded an impressive 61% increase for the fourth quarter.
During the year, the company absorbed the full impact of wage revisions and family pension revisions, amounting to Rs 3,525 Crore. The entire impact of the revision in family pension, from 15% to 30%, amounted to Rs 597 Crore and was absorbed during the fourth quarter.
Operational Highlights and Challenges
The company’s combined ratio for the year, when adjusted for the wage revision-related impact, stood at 116.67%, compared to 115.34% in the previous year. The solvency ratio was reported at a healthy 1.84>.However, the incurred claim ratio saw some adverse impact due to the higher loss ratio observed in the Motor Third Party segment, where a long-awaited premium revision has yet to take place. Furthermore, a loss in the aviation segment also contributed to the higher incurred claim ratio in the current year compared to the previous year.
Financial Performance Summary
The Board of Directors approved the audited financial results for the quarter and financial year ended March 31, 2026. The Board also recommended a final dividend of Rs 1.50 per equity share, whose payment is subject to the approval of shareholders at the ensuing Annual General Meeting.The following tables detail the financial performance of the company:
Standalone Financial Results for the Quarter and Year Ended March 31, 2026 (Amounts in Lakhs)
| Particulars | Quarter ended 31-03-2026 | Year ended 31-03-2026 |
|---|---|---|
| Operating Results | 11,61,862 | 47,17,380 |
| Total Income (3 to 5a) | 11,78,618 | 46,49,919 |
| Operating Expenses related to insurance business | 1,29,550 | 5,56,550 |
| Underwriting Profit/(Loss) (3-12) | (1,83,616) | (11,88,184) |
| Net Non-Operating Results | 67,204 | 1,87,182 |
| Profit before tax (24-25) | 36,654 | 1,23,283 |
| Profit/ (loss) after tax attributable to Minority Interest | 32,157 | 97,222 |
Key Financial Ratios (Standalone Basis)
| Ratio | 31-03-2026 | 31-03-2025 |
|---|---|---|
| Combined ratio: | 118.34 | 111.59 |
| Return on Equity | 9.60 | 6.36 |
| Solvency Ratio | 1.84 | 1.91 |
| Gross Written Premium | 11,72,702 | 11,52,816 |
Consolidated Financial Results for the Quarter and Year Ended March 31, 2026
| Particulars | Quarter ended 31-03-2026 | Year ended 31-03-2026 |
|---|---|---|
| Gross Premiums Written | 11,72,702 | 47,58,0104 |
| Net Premium Written | 10,06,255 | 36,50,933 |
| Total Income (3 to 5a) | 11,84,006 | 41,23,824 |
| Total Expense (8+9+10+11) | 11,51,156 | 41,67,329 |
| Profit / (Loss) before tax (24-25) | 44,613 | 1,23,283 |
Qualifications Noted by Auditors
The company's financial results were accompanied by a qualified audit opinion. The auditors noted that balances relating to various accounts under inter office accounts, unadjusted banking transactions, and dues from or to Reinsurers are subject to confirmation and reconciliation. The overall impact of these matters on the financial results and assets and liabilities as at March 31, 2026, was stated to be presently unascertainable.The final financial results and detailed financial annexures are available on the company’s website.
NIACL Stock Price Movement
On Monday, The New India Assurance Company Limited shares slipped by 0.73% to settle at ₹163.13, marking a retreat from its previous close. Trading saw a volume of 749,126 shares, with the stock finishing midway through its Monday trading range.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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