Mumbai, July 29, 2025: The New India Assurance Company Ltd. (NIACL), India’s largest general insurer by market share, has announced its financial results for the first quarter ending June 30, 2025.
Ms. Girija Subramanian, Chairman and Managing Director of The New India Assurance Company Ltd., commenting on the results, said, “It gives me great pleasure to inform you that NIACL has achieved a gross written premium of ₹13,334Crs, reflecting a YoY growth of 13.11% in Q1FY26. The domestic gross direct premium during the period grew by 15.27% vis-à-vis the industry which grew by 8.84%. Consequently, our market share for the period increased from 14.65% to 15.51%. The healthy growth rate in domestic business was despite a lower growth in Motor LOB where we have taken a more cautious approach considering the current competitive intensity. The combined ratio at 116.16% was stable compared to the same period last year. Fire, Engineering and Health portfolios registered a healthy growth”.
The unfortunate incident involving the Air India flight had an adverse impact on the underwriting results. Health segment witnessed a slightly higher loss ratio and some large losses impacted the Liability and Miscellaneous portfolios as well. Additionally, provisions were made towards some legacy non-moving balances which were offset by a healthy investment income.
The profit after tax increased by 80% to ₹391Crs. Our balance sheet remains robust with assets under management of ₹1,00,802Crs and net worth of ₹45,414Crs. The solvency ratio was stable at 1.87x.
