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Informist, Friday, Oct. 30, 2026

 

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--New India Assurance Q2 net loss INR 12.67 bln vs PAT INR 0.63 bln yr ago 
--New India Assurance Jul-Sept total income INR 125.39 bln vs INR 123.13 bln 
--New India Assurance H1 net loss INR 15.24 bln vs PAT INR 4.54 bln yr ago 
--New India Assurance Apr-Sept total income INR 237.75 bln vs INR 233.39 bln 
--New India Assurance Q2 net premium earned INR 96.32 bln vs INR 93.99 bln 
--New India Assurance Q2 gross premium written INR 110.8 bln vs INR 105.4 bln 
--New India Assurance Q2 net premium written INR 88.50 bln vs INR 88.08 bln 
--New India Assurance solvency ratio 1.61 times Sept 30 vs 1.80 times qtr ago 
--New India Assurance incurred claim ratio 133.71% Sept 30 vs 103.38% qtr ago 
--New India Assurance combined ratio 156.20% on Sept 30 vs 121.44% qtr ago 
--New India Assurance: Realised INR 18 bln of capital gains from NSE shr sale 
--New India Assurance: Made additional provision of INR 7.15 bln in motor ops 
--New India Assurance: Q2 was one of the most challenging qtr in recent times 

 

By J. Navya Sruthi

 

MUMBAI – New India Assurance Co. Ltd. reported a net loss in the second quarter in a row due to a spike in change in outstanding claims. Low growth in the net premium earned and a fall in net income from investments weighed on the total income, leading to a net loss during the September quarter. 

 

The company posted a net loss of INR 12.67 billion for the September quarter against a net profit of INR 633 million in the year-ago quarter. The company's incurred claims rose over 8% on year to INR 94.79 billion in the September quarter. The change in outstanding claims, including those incurred but not reported, surged to INR 34.01 billion from INR 14.62 billion. The company's total expenses increased nearly 15% on year to INR 148.70 billion.

 

The company's total income increased marginally on year to INR 125.39 billion during the September quarter from INR 123.13 billion in the year-ago quarter. The public-sector company earned a net premium of INR 96.32 billion, up 2.5% on year, while the net income from investments fell marginally to INR 29.07 billion from INR 29.14 billion a year ago. 

 

 

The company's gross premium written for the September quarter was INR 110.8 billion, up from INR 105.4 billion a year ago. The net premium written for the quarter was INR 88.50 billion, against INR 88.08 billion a year ago. The company's solvency ratio was 1.61 times as of Sept. 30, against 1.80 times a quarter ago. The incurred claim ratio was 133.71% as on Sept. 30, against 103.38% a quarter ago. 

 

"Q2FY27 has been one of the most challenging quarters for the company in recent times, more so while succeeding another equally challenging one for the entire industry," Lavanya R. Mundayur, chairman and managing director of the company, said. "The property segment suffered significant underwriting losses as well, due to multiple large risk tosses, and flood claims in Gujarat, North India, and North East India. The Aviation segment had an adverse experience during the quarter as also motor and health," the managing director said. 

"The lack of premium revision in the MotorTP segment continues to hurt the company and the industry," Mundayur said. The company made an additional provision of INR 7.15 billion for its motor operations during the quarter. 
 

The company realised INR 18 billion of capital gains from the sale of its share in the National Stock Exchange Ltd. during the quarter. The company's combined ratio was 156.20% as of Sept. 30, against 121.44% a quarter ago. 

 

During Apr-Sept, the company reported a net loss of INR 15.24 billion, compared with a net profit of INR 4.54 billion a year ago. The company's total income during the period was INR 237.75 billion, up from INR 233.39 billion. The New India Assurance Co. shares closed at INR 158.94 on the National Stock Exchange on Friday, down nearly 5% over Thursday.  End

 

Edited by Akul Nishant Akhoury

 

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