New Delhi: Public sector insurer New India Assurance Company Limited reported stellar financial results for the third quarter ended December 31, 2025 (Q3 FY26), showcasing a 215% year-on-year surge in Profit Before Tax (PBT).
The company’s Chairperson & Managing Director, Ms. Girija Subramanian, announced that the Global Gross Written Premium (GWP) for the nine-month period grew by 10.5%. A key highlight was the Domestic Gross Direct Premium growth, which significantly outpaced the industry average. This strong performance led to an increase in market share to 13.4%, up from 12.8% in the same period last year.
On the profitability front, the incurred claim ratio for Q3 FY26 showed a marked improvement at 90.77%, compared to 94.49% in Q3 FY25. However, the company noted elevated claims for the nine-month period due to multiple catastrophic (CAT) losses in the first half of the year.
A significant one-time event impacted the quarter's results. In January 2026, following the Central Government's approval, the company recognized provisions of approximately ₹2,500 Crore for wage revisions and retirement benefits for employees. While this provision substantially affected the Combined Operating Ratio, it was partly offset by strong investment income from the equity portfolio.
Despite this substantial one-time cost, the company delivered robust PBT growth of 62% for the nine-month period (9M FY26) and the exceptional 215% for the quarter.
The insurer maintains a very strong balance sheet, with improvements in Net Worth and General Reserves. The company's Solvency Ratio stands at a healthy 1.81 times, well above the regulatory requirement of 1.50 times.
Commenting on the outlook, Ms. Subramanian stated, "Guided by ongoing government reforms, I remain highly optimistic about the prospects of the general insurance industry. We expect to maintain this momentum and deliver improved performance in the coming quarter."