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India
Reported ownership for FY2027-Q2 as of 2026-09-30.
As of 06 Nov 2026, 03:30 pm
The company reported a net loss of ₹1,267 crore for Q2, reversing previous profitability. This was primarily driven by underwriting losses in property, motor, and health segments due to adverse claims experience from severe monsoon floods and aggressive price discounting in fire insurance. Gross written premiums rose 5.14% year-on-year to ₹11,083 crore.
Yes. The Indian government is requiring state-run general insurers to submit board-approved turnaround plans to address mounting losses and achieve organic solvency. Additionally, independent auditors issued a qualified conclusion on NIACL’s standalone and consolidated results due to pending reconciliations of reinsurance, inter-office, and coinsurance balances.
As of November 6, 2026, the stock closed at ₹157.80 with a market capitalization of approximately ₹26,127 crore. It has declined -13.6% over the past year and -11.8% over three months, though it gained +1.5% year-to-date. Technical indicators show a bearish daily supertrend direction, with resistance near ₹159.74 and support at ₹157.48.
As of 06 Nov 2026, 03:30 pm
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q4 FY2026 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Combined Ratio | 1.2114 | 1.1818 | 1.1797 | PEAK1.3954 | 1.1603 |
| Profit Or Loss Before Tax | -₹178.69 crore | PEAK₹446.13 crore | ₹372.22 crore | ₹23.35 crore | ₹391.13 crore |
| Profit Loss After Tax | -₹243.94 crore | PEAK₹564.16 crore | ₹376.91 crore | ₹20.10 crore | ₹392.40 crore |
| Claims Paid | PEAK₹9,369.69 crore | ₹8,817.60 crore | ₹8,770.15 crore | ₹8,772.10 crore | ₹8,286.06 crore |
| Incurred Claims | ₹10,035.89 crore | ₹9,574.22 crore | ₹8,857.95 crore | PEAK₹10,246.88 crore | ₹9,380.98 crore |
| Commissions And Brokerage Net | ₹954.03 crore | ₹961.68 crore | PEAK₹1,048.16 crore | ₹921.97 crore | ₹933.54 crore |
Exchange disclosures and regulatory announcements for The New India Assurance Company.
The New India Assurance Company Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting
Integrated Filing- Financials|Original|
Integrated Filing- Financials|Original|
The New India Assurance Company Limited (NIACL) informed the NSE and BSE on October 30, 2026, of the outcome of its Board Meeting held that day, which approved Un-Audited Financial Results for the quarter and half-year ended September 30, 2026. The Independent Auditors issued a qualified conclusion on both standalone and consolidated results due to pending reconciliations of reinsurance, inter-office, and coinsurance balances. Key financial developments include a one-time deferred tax expense of ₹6,129 Lakhs from adopting the New Tax Regime under Section 200 of the Income Tax Act, 2025; recognition of ₹7,154.1 Lakhs in claim reserves following a Supreme Court judgment on domestic work valuation; and contingent liabilities of ₹71,061.472 Lakhs against non-provisioned tax demands. The company also reported receiving income tax refunds of ₹78,139 Lakhs.
The New India Assurance Company Limited has updated the closure period for its trading window under SEBI (Prohibition of Insider Trading) Regulations, 2015. The window is now closed from October 1, 2026, to November 1, 2026, for all Designated Persons and their immediate relatives. This schedule change aligns with the Board Meeting on October 30, 2026, which will consider Un-Audited Financial Results for the quarter ended September 30, 2026.
The New India Assurance Company Limited has issued a notice pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, convening a Board of Directors meeting on Friday, October 30, 2026. The primary agenda item is to consider and approve the Un-audited Financial Results for the quarter ended September 30, 2026.
The New India Assurance Company Limited has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL
The New India Assurance Company Limited has informed the Exchange about Board Meeting to be held on 30-Oct-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation
Recent market and company developments associated with The New India Assurance Company.
India’s listed multiline general insurers reported underwriting losses in the September quarter due to severe monsoon flood claims, aggressive price discounting in fire insurance, and increased liabilities from a Supreme Court ruling on motor accident compensation. While standalone health insurers achieved profitability driven by premium growth and tax exemptions, investment gains partially offset the sector's broader financial strain. The heavy claims burden has also pressured solvency ratios for some players, with New India Assurance recording a significant net loss.
The Indian government is requiring state-run general insurers to submit board-approved turnaround plans to address mounting losses and achieve organic solvency, as recommended by a parliamentary standing committee. This regulatory push follows reports of significant financial underperformance, including a net loss for New India Assurance and sub-standard solvency ratios for three other public sector insurers.
New India Assurance Company reported a net loss of ₹1,267 crore for Q2, reversing a previous profit, primarily due to underwriting losses in property, motor, and health insurance segments caused by adverse claims experience. Gross written premiums rose 5.14% year-on-year to ₹11,083 crore despite the challenging operating environment.
Life Insurance Corporation of India (LIC) is facing a thinning of its top management as Managing Director Dinesh Pant exits to join Irdai, leaving one of four MD posts vacant. This comes amidst broader staffing challenges across several public sector insurers and a headless Financial Services Institutions Bureau (FSIB).
NSE share price, IFCI, NIACL
IRDAI’s proposed commission and expense caps could reshape insurance economics. Here is what investors should know before buying affected stocks.
In a significant restructuring of the Insurance Regulatory and Development Authority of India (IRDAI), Dinesh Pant, Managing Director of LIC, and Girija Subramanian, ex-CMD of New India Assurance, have been appointed as new members. Pant's retirement is effective September 24, 2026, while Subramanian stepped down in July. These changes are indicative of the dynamic shifts within India's insurance regulatory landscape.
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Comprehensive Section Breakdown for The New India Assurance Company
Strategic Vision: Provides general insurance products and services across India.
• Public sector undertaking predominantly owned by the Government of India.
• Designated as a Domestic Systemically Important Insurer (D-SII) by IRDAI.
• Significant international presence operating in various countries globally.
• Extensive network of offices across India and internationally.
The New India Assurance Company Ltd. reported a pre-tax loss of ₹178.69 crore in the June 2026 quarter, reversing a ₹446.13 crore profit in the preceding March 2026 quarter and a ₹391.13 crore profit in the same quarter a year earlier. The underwriting combined ratio increased to 1.2114, up from 1.1818 in the prior quarter, though it remained below the 1.3954 recorded in the September 2025 quarter. A ratio above 1.00 indicates that premium income fell short of claims and operating costs. Claims paid and incurred both grew year on year, while operating expenses showed mixed sequential and annual movements.
The combined ratio, which tracks total claims and expenses relative to premium earned, rose from 1.1818 in the March 2026 quarter to 1.2114 in the June 2026 quarter. This marks two consecutive quarterly increases following a dip in the September 2025 quarter, and places the current reading above the 1.1603 level from the June 2025 quarter. When the combined ratio exceeds 1.00, core insurance operations generate an underwriting loss, meaning collected premiums do not cover claims payouts and administrative costs. The 1.2114 figure implies that for every ₹100 of premium earned, roughly ₹121 was consumed by claims and expenses, leaving a shortfall that must be offset by investment returns.
Profit before tax shifted from a ₹446.13 crore gain in the March 2026 quarter to a ₹178.69 crore loss in the June 2026 quarter, a swing of ₹624.82 crore. Compared to the ₹391.13 crore profit recorded in the June 2025 quarter, the loss represents a significant year-over-year contraction. The after-tax loss widened to ₹243.94 crore, exceeding the pre-tax loss due to a net tax charge of approximately ₹65.25 crore. This contrasts with the March 2026 quarter, where after-tax profit of ₹564.16 crore surpassed pre-tax profit, reflecting a net tax benefit. Over the past five quarters, tax adjustments have alternately amplified and reduced the reported bottom line.
Claims paid reached ₹9,369.69 crore in the June 2026 quarter, rising 6.26% from ₹8,817.60 crore in the prior quarter and 13.08% from ₹8,286.06 crore a year earlier. Incurred claims, which reflect actual claim costs including reserve adjustments, totaled ₹10,035.89 crore, up 4.82% sequentially and 6.98% year on year. The difference between incurred and paid claims—₹666.20 crore—represents the net addition to outstanding claim reserves. This reserve build was smaller than the ₹756.62 crore added in the March 2026 quarter, but absolute incurred claim levels remain elevated compared to the prior year.
Commissions and brokerage held steady at ₹954.03 crore, down slightly from ₹961.68 crore in the previous quarter but up 2.19% from the year-ago period. Employee remuneration and welfare expenses dropped sharply to ₹796.31 crore from ₹997.63 crore in the March quarter, a 20.18% sequential decline, yet remained 19.5% higher than the ₹666.38 crore spent in June 2025. Other operating expenses fell 4.83% sequentially to ₹303.59 crore but jumped 53.79% compared to the ₹197.41 crore recorded a year earlier. The year-over-year increase in other operating expenses and employee costs coincided with a higher expense ratio relative to the prior year, adding pressure to the combined ratio.
The June 2026 quarter marked a clear deterioration in the company’s financial results. Core underwriting operations posted a loss for the fifth consecutive quarter, with the combined ratio climbing to 1.2114. Claims costs continued to expand, and operating expenses—particularly other operating expenses—increased significantly from a year earlier. The resulting underwriting shortfall, combined with lower investment income and a net tax charge, drove a substantial after-tax loss. These figures highlight the ongoing challenge of aligning premium growth with claim settlement patterns and cost management.
Category: Financial Services
Coverage for large-scale operations such as aviation, marine insurance, and property insurance for substantial assets.
Category: Financial Services
Products like motor, health, and travel insurance for individual customers.
Category: Financial Services
Products specifically designed to serve rural and underserved markets, addressing their unique insurance needs.
Category: Financial Services
A variety of miscellaneous insurance products catering to different requirements.
Core Thesis: The company offers a broad spectrum of general insurance products and services to diverse market segments, enabling comprehensive risk management.
• Premium Collection: The company collects premiums from policyholders in exchange for coverage against various risks. • Diverse Product Portfolio: The company offers a diverse portfolio of general insurance products, encompassing both conventional and specialized coverage. • Multi-channel Distribution: New India Assurance distributes its products and services through multiple channels, including an extensive network of offices, digital platforms, and an agent network. • Broad Customer Base: The company serves a broad customer base, including individuals, businesses, and rural and underserved communities.