The New India Assurance reported a 10.5% growth in Gross Written Premium (GWP) for the nine-month period ending December 31, 2025. Domestic business growth outpaced the industry, increasing market share from 12.80% to 13.40%, driven by health, property and miscellaneous segments. However, a provision of ₹2,519 crore towards wage arrears impacted underwriting results and profitability, though robust investment income mitigated some effect. Profit Before Tax increased by 62.5%.
Financial Highlights for Q3 FY26
The New India Assurance Company Limited reported strong growth in key areas for the nine-month period ending December 31, 2025, despite challenges related to employee benefit provisions:
- Gross Written Premium (GWP): Increased by 10.5%.
- Market Share: Increased from 12.80% to 13.40%.
- Profit Before Tax: Increased by 62.5%.
Segment Performance
The growth was primarily driven by the following segments:
- Health
- Property
- Miscellaneous
Impact of Wage Arrears Provision
During the period, a provision of ₹2,519 crore was made towards wage arrears and employee retirement benefits, which negatively affected underwriting results and overall profitability.
Investment Income
Robust investment income, supported by buoyant equity markets, largely offset the impact of the wage arrears provision. Operating expenses, excluding the wage arrears impact, were lower compared to the prior year.
Key Financial Figures
The following table summarizes key financial figures for the periods indicated:
| Item | Q3 FY26 (₹ Cr) | Q3 FY25 (₹ Cr) | 9M FY26 (₹ Cr) | 9M FY25 (₹ Cr) | FY25 (₹ Cr) |
|---|---|---|---|---|---|
| Gross Written Premium | 11,680 | 10,778 | 35,555 | 32,186 | 43,618 |
| Net Written Premium | 9,678 | 8,920 | 29,326 | 26,564 | 36,315 |
| Net Earned Premium | 9,725 | 9,033 | 28,494 | 26,061 | 35,368 |
| Investment Income | 2,280 | 1,732 | 8,599 | 5,695 | 8,034 |
| PBT | 367 | 116 | 824 | 509 | 1,034 |
| PAT | 372 | 353 | 826 | 641 | 988 |
Note: ₹ Cr denotes Indian Rupees in Crores.
Segment-Wise Performance (Gross Written Premium)
The following table shows the segment-wise performance in terms of Gross Written Premium:
| Segment | Q3 FY 25-26 (₹ Cr) | Q3 FY 24-25 (₹ Cr) | % Change | 9 months FY 25-26 (₹ Cr) | 9 months FY 24-25 (₹ Cr) | % Change | FY 24-25 (₹ Cr) |
|---|---|---|---|---|---|---|---|
| Fire | 1,735 | 1,667 | 4.06 | 5,519 | 4,786 | 15.31 | 6,225 |
| Marine | 289 | 242 | 19.46 | 865 | 793 | 9.01 | 1,010 |
| Motor | 3,214 | 3,242 | -0.89 | 8,585 | 8,688 | -1.18 | 12,059 |
| Health Including PA | 5,481 | 4,628 | 18.42 | 17,127 | 14,745 | 16.15 | 19,928 |
| Liability | 192 | 158 | 21.42 | 630 | 581 | 8.50 | 739 |
| Engineering | 341 | 293 | 16.46 | 969 | 839 | 15.51 | 1,190 |
| Aviation | 114 | 120 | -5.14 | 312 | 308 | 1.13 | 470 |
| Others | 316 | 427 | -26.14 | 1,548 | 1,446 | 7.08 | 1,998 |
| Total | 11,680 | 10,778 | 8.37 | 35,555 | 32,186 | 10.47 | 43,618 |
Looking Ahead
The company remains optimistic about its operating performance and expects loss ratios to improve in the last quarter of the financial year.
Source: BSE
