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India
As of 18 Sept 2026, 03:30 pm
The New India Assurance Company, listed on the NSE, has not provided sufficient recent financial data in the evidence pack to analyze its operating trajectory, earnings quality, or financial health. The available information on historical statistics is presented in a format that cannot be processed, preventing any assessment of past performance or trends. Consequently, a meaningful interpretation of the company's recent financial standing or key monitoring areas cannot be derived from the provided evidence.
The New India Assurance Company Limited plans to sell 1,05,00,000 equity shares of NSEIL, representing 29.83% of its holdings, through an Offer for Sale in NSEIL's Initial Public Offering. This sale is expected to be completed by the end of September 2026. In the financial year 2025-26, the company received a total dividend of ₹123,20,00,000 from NSEIL.
On September 10, 2026, S. Sivasankar was appointed Chairman cum Managing Director, effective immediately. He had previously served as Executive Director. Separately, M/s S Ramanand Aiyar & Co and Chokshi & Chokshi LLP were appointed as the company's Statutory Auditors for the Financial Year 2026-27, effective September 9, 2026.
As of September 18, 2026, The New India Assurance Company Limited's stock closed at ₹187.66. The stock has experienced a 5-day EMA slope of -2.28, indicating a short-term downward trend on a daily basis, with the daily Supertrend direction being bearish. However, on a weekly basis, the Supertrend direction is bullish, and the 5-day EMA slope is positive at 10.86, suggesting potential upward momentum over a longer timeframe. The stock has shown a year-to-date return of 0.21 and a 6-month return of 0.39, but a 1-year return of -0.04.
Recent news indicates that PSU general insurers reported a significant loss of ₹10,051 crore in FY26, accompanied by negative solvency ratios and increased underwriting losses. This context may influence investor perception of companies within this sector.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
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.
On September 10, 2026, S. Sivasankar was appointed Chairman cum Managing Director of The New India Assurance Company Limited, effective immediately, following his previous role as Executive Director.
The Ministry of Finance assigned additional charge to Mr. S Sivasankar, Executive Director, as Chairman-cum-Managing Director of The New India Assurance Company Ltd effective August 1, 2026, for an initial period of three months or until a regular CMD is appointed. The decision was communicated via order No. A-11011/09/2026-Ins.I and the disclosure was made under SEBI listing regulations.
The New India Assurance Company Limited appointed M/s S Ramanand Aiyar & Co and Chokshi & Chokshi LLP as its Statutory Auditors effective September 9, 2026. Each firm was engaged for a term of 12 months following the event reported on September 10, 2026.
The New India Assurance Co. Ltd. proposes to divest 1,05,00,000 equity shares of the National Stock Exchange of India Ltd. (NSEIL), representing 29.83% of its total holdings, via an Offer for Sale in NSEIL's Initial Public Offering. The shares were transferred to an escrow account on September 8, 2026, and the sale is expected to be completed by the end of September 2026. The company received a total dividend of Rs. 123,20,00,000 from NSEIL in FY 2025-26.
The New India Assurance Company Ltd. appointed M/s S Ramanand Aiyar & Co and M/s Chokshi & Chokshi LLP as its Statutory Auditors for the Financial Year 2026-27, a decision made by the Comptroller & Auditor General of India (CAG). This appointment was formally disclosed via a filing dated September 9, 2026, to the BSE and NSE under SEBI Listing Regulations. The notice confirms the firms' credentials, noting S Ramanand Aiyar & Co's establishment in 1950 and Chokshi & Chokshi LLP's registration in 1976 with operations across major Indian cities.
On September 1, 2026, The New India Assurance Company Ltd. responded to the National Stock Exchange's August 31, 2026 inquiry regarding a spurt in trading volume by confirming that all required disclosures under SEBI LODR Regulations have been promptly disseminated. The company stated it is not aware of any other price-sensitive information or impending announcements that could influence the scrip's price or volume behavior. This response was submitted via Abhishek Pagarla, the Company Secretary, for record.
Significant increase in volume has been observed in The New India Assurance Company Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited. |SUBJECT: Spurt in Volume
The Income Tax Department issued a refund of Rs. 78,39,07,565 (including interest of Rs. 59,63,26,611) to The New India Assurance Company Ltd. for Assessment Year 2022-23, with the order received on 27 July 2026.
Recent market and company developments associated with The New India Assurance Company.
PSU general insurers reported a ₹10,051-crore loss in FY26, with negative solvency ratios and increased underwriting losses.
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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.