New India Assurance Company Ltd is India’s largest non-life insurance company. It is promoted by the Government of India (GoI) holding ~86% stake. Presenting below are its Q1 FY26 earnings results.
Q1 FY26 Earnings Results
-
Consolidated Revenue from Operations: ₹11,719 crores, up 12.49% YoY from ₹10,418 crores in Q1 FY25.
-
Profit Before Tax (PBT): ₹391.13 crores, up 43.8% YoY from ₹272.09 crores in Q1 FY25, down 16.8% QoQ from ₹469.86 crores in Q4 FY25.
-
Profit After Tax (PAT): ₹401.67 crores, up 65.4% YoY from ₹242.88 crores in Q1 FY25, up 28.4% QoQ from ₹312.90 crores in Q4 FY25.
-
Earnings Per Share (EPS): ₹2.43, up 67.5% YoY from ₹1.40 and up 26.3% QoQ from ₹1.90.
-
Standalone Revenue: ₹9,369.42 crores, up 10.19% YoY.
-
Standalone PAT: ₹391.01 crores, up 80.21% YoY from ₹216.97 crores.
-
Gross Written Premium: ₹13,334 crores, up 13.11% YoY.
-
Domestic Gross Direct Premium Growth: 15.27% YoY, outpacing industry growth of 8.84%.
-
Market Share: Increased from 14.65% to 15.51%.
-
Investment Income: ₹2,290 crores, up 23.7% YoY.
-
Combined Ratio: 116.16%, slightly up from 116.13% YoY.
-
Incurred Claim Ratio: 99.76%, up from 95.98% YoY.
-
Losses from Air India Flight Incident: ₹1,756 crores underwriting loss, up from ₹1,588 crores YoY, impacting underwriting profits.
Management Commentary & Strategic Decisions
-
Chairman & MD Girija Subramanian highlighted strong growth in gross written premiums and market share gains despite a cautious approach in the competitive motor insurance segment.
-
Emphasis on managing underwriting losses while leveraging strong investment income to drive profits.
-
Management confident in maintaining strong financial position with assets under management at ₹1,00,802 crores and solvency ratio at 1.87x.
-
Focus continues on diversified insurance portfolio including fire, engineering, and health insurance to maintain growth momentum.
-
The company remains vigilant on risk management and claims control in the post-Air India flight incident environment influencing claims.
Q4 FY25 Earnings Results
-
Consolidated Revenue from Operations: ₹11,664 crores.
-
Profit Before Tax (PBT): ₹469.86 crores.
-
Profit After Tax (PAT): ₹356 crores, up 13.7 percent on the YoY basis
-
EPS: ₹2.18, up 15.3 percent on the YoY basis.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.
Most Popular
Cochin Shipyard Ltd (COCHINSHIP) Q4 FY22 Earnings Concall Transcript
Cochin Shipyard Limited (NSE:COCHINSHIP) Q4 FY22 Earnings Concall dated May. 26, 2022 Corporate Participants: Madhu S Nair -- Chairman & Managing Director Jose V J -- Director Finance Analysts: Vastupal Shah
All you need to know about Antony Waste Handling Cell in one article
Can you guess the name of the company that was listed during the IPO frenzy in 2020 and is the second largest player in the Indian municipal waste management industry?
Demystifying the Leading Non-Ferrous Recycling Company of India
“Hey, how is the market doing today?” “Oh!, its falling tremendously since morning” I am sure news like these might be a common topic of discussion for you nowadays. Interestingly,