The New India Assurance Company Limited has announced its financial results, reporting a significant 215% increase in Profit Before Tax (PBT) for Q3FY26. Global Gross Written Premium grew by 10.5%, with domestic growth outpacing the industry, increasing market share to 13.4%. The company recognized provisions for wage revisions, impacting the Combined Operating Ratio, but was offset by strong investment income and a stellar 62% PBT growth for the nine-month period.
Financial Highlights for Q3FY26
New India Assurance reported a substantial 215% increase in Profit Before Tax (PBT) for the third quarter of fiscal year 2026.
Key performance indicators include:
- Global Gross Written Premium growth of 10.5% for the nine-month period.
- Domestic market share increased to 13.4%, surpassing the industry average.
- Incurred claim ratio improved in Q3FY26, standing at 90.77%, compared to 94.49% in Q3FY25.
Impact of Wage Revisions and Strategic Response
The company recognized provisions of approximately ₹2,500 Cr towards wage arrears and retirement benefits, following the Central Government’s approval of wage revisions in January 2026. While this impacted the Combined Operating Ratio, it was partially offset by robust investment income, especially from the equity portfolio.
Strong Balance Sheet and Future Outlook
New India Assurance maintains a robust balance sheet with improvements in Net Worth and General Reserves. The Solvency Ratio stands at 1.81 times, exceeding the regulatory requirement of 1.50 times.
The company expresses optimism about the future, driven by ongoing government reforms and expects to maintain momentum and improve performance in the coming quarter.
Source: BSE
