New India Assurance FY26 Results: PAT Up 40%, Market Share Rises to 12.74% – Stock in Focus

Mumbai, May 11, 2026: The New India Assurance Company Ltd. (NIACL) has delivered a stellar financial performance for the quarter and year ended March 31, 2026, with Profit After Tax (PAT) climbing 40% YoY for the full year and an impressive 61% YoY in Q4 FY26, even as the company fully absorbed a massive ₹3,525 crore wage revision impact.

In an investor presentation released today, the state-owned general insurer reported:

• Gross Written Premium (GWP): ₹47,174 Cr (↑8.15% YoY)

• Net Profit (Full Year): ₹988 Cr (↑39.9% YoY)

• Q4 PAT: ₹558 Cr (↑61.3% YoY)

• Market Share (Indian business): Increased from 12.56% to 12.74%

“The Indian business grew faster than the industry… The profit after tax improved by 40% for the year and 61% for the 4th quarter,” said CMD Ms. Girija Subramanian.

Despite headwinds – including a higher loss ratio in Motor Third Party (TP) due to pending premium revision and an unfortunate aviation segment loss – the company maintained a healthy solvency ratio of 1.84x.

The wage revision and family pension hike (15% to 30%) added a ₹597 Cr impact in Q4 alone, but better investment returns provided a partial offset. Investment income rose to ₹11,112 Cr in FY26 from ₹8,034 Cr in FY25.

Combined ratio (adjusted for wage revision) stood at 116.67% vs 115.34% last year. The Health segment showed improved loss ratios, while Motor OD and TP segments remained under competitive pressure.

Key segmental GWP growth (FY26):

• Health & PA: ↑12.62% (₹22,444 Cr)

• Fire: ↑10.76% (₹6,895 Cr)

• Marine: ↑11.43% (₹1,125 Cr)

The company’s domestic gross direct premium grew 10.9%, outpacing the industry growth of 9.3%.

Looking ahead to FY27, NIACL plans to:

• Launch innovative products focused on Retail & MSME

• Enter Parametric insurance

• Drive growth beyond Motor & Health

• Improve global credit rating

With 1,668 offices in India, presence in 24 countries, and a CRISIL AAA / AM Best B++ rating, New India Assurance continues to leverage its multi-channel distribution network and strong brand image.

The full investor presentation is available on the company’s website: www.newindia.co.in

For further information:
Abhishek Pagaria
Company Secretary
The New India Assurance Co. Ltd.