India · Delayed Price · Currency is INR The New India Assurance Company Earnings Call Transcripts
Fiscal Year 2026
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Domestic premium grew 10.9% year-over-year, outpacing the industry, with net profit up 40% and strong gains in Health and retail segments. Combined ratio rose due to wage revisions and higher claims, but solvency and market share improved. Double-digit growth is expected to continue, led by retail and Health.
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Gross written premium grew 8.37% YoY in Q3 FY26, with net profit rising to INR 372 crore despite a large wage revision provision. Health segment drove improvement in claim ratios, while investment gains offset underwriting losses. Solvency and market share remain strong.
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Gross written premium grew 11.5% year-over-year to INR 23,875 crore, with profit after tax up 57.7% despite a one-time wage revision provision and elevated claims. Market share expanded, digital initiatives advanced, and new products were launched, supporting robust financial stability.
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Q1 FY26 saw 15.27% year-on-year premium growth and an 80% rise in net profit, with stable combined ratio and improved solvency. Health and motor segments faced higher claims, but strategic initiatives and risk management are expected to drive further improvements.
Fiscal Year 2025
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Gross direct premium and net earned premium grew year-over-year, but net profit declined due to one-time provisions. Combined ratio improved to 116.78%, with digital and operational initiatives driving efficiency. Market share remains strong at 12.6%.
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Gross written premium reached INR 32,186 crores with a 12.8% market share, while profit after tax declined to INR 641 crores due to weaker investment income. Underwriting discipline improved combined and claims ratios, and digital initiatives drove sales growth, especially via PhonePe.