# NIACL (NIACL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/niacl

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹187.66
- Change: -4.77%
- As of: 2026-09-18
- 1D return: -4.77%
- 5D return: -4.91%
- 1M return: +2.50%
- Latest complete quarter: fy26_q4

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, the stock is trading at ₹187.66, with a technical stance indicating a mixed picture across different timeframes. Daily and monthly timeframes show a bearish Supertrend, while the weekly timeframe exhibits a bullish Supertrend. This divergence suggests a lack of clear directional alignment across short, medium, and long-term perspectives. On the daily chart, the price is below the 20-day and 50-day Simple Moving Averages (SMAs) and Exponential Moving Averages (EMAs), but above the 200-day SMA. The weekly chart, however, shows the price above its 20-day and 50-day EMAs and SMAs, and the weekly Supertrend is bullish. The monthly view also shows the price above the 20-day EMA and SMA, but with a bearish monthly Supertrend. Recent formations include an active Doji pattern on the monthly chart and a Harami pattern on the daily chart as of September 18, 2026. The stock's current price is approximately 0.51% below the nearest resistance level at ₹188.62 and 3.98% above the nearest support level at ₹180.19. The annualized volatility stands at 47%, with a current drawdown of -19%.

- Nearest resistance is observed at ₹188.62, approximately 0.51% above the current price.
- Nearest support is identified at ₹180.19, approximately 3.98% below the current price.
- Daily and monthly timeframes show a bearish Supertrend, while the weekly timeframe is bullish.
- Active chart patterns as of September 18, 2026, include a Doji on the monthly chart and a Harami on the daily chart.
- The stock exhibits an annualized volatility of 47% and a current drawdown of -19%.

- Doji
- Harami
- Morning Star
- Bearish Engulfing Reversal
- Inside Bar

### News Context

New India Assurance Company Limited (NIACL) experienced a notable share price increase of 9.4% on September 17, 2026. This rise occurred amidst broader market activity related to the NSE IPO, which also saw IFCI shares gain 7.8%. Technical analysts observed this movement, noting potential support and resistance levels and suggesting ongoing fluctuations in the stock's trend. Separately, the insurance sector faced headwinds, with public sector general insurers reporting a collective loss of ₹10,051 crore for FY26, characterized by deteriorating solvency ratios and increased underwriting losses. In regulatory news, the IRDAI is reportedly testing automated number-plate scanning technology to enforce a Supreme Court directive mandating motor insurance for vehicle registration, under the "no insurance, no fuel" initiative.

- NIACL shares rose 9.4% on September 17, 2026, amid buzz surrounding the NSE IPO.
- Technical analysts indicated potential support and resistance levels for NIACL, suggesting continued price volatility.
- Public sector general insurers incurred a combined loss of ₹10,051 crore in FY26 due to solvency ratio deterioration and underwriting losses.
- The IRDAI is exploring automated number-plate scanning to enforce mandatory motor insurance as per a Supreme Court directive.

- PSU general insurers swing to ₹10,051-crore loss as solvency ratio deteriorate
- HDFC Life, other life insurance companies' stocks rise up to 7% on hope of lower commission payment
- 'No insurance, no fuel': IRDAI to test automated number-plate scanning to enforce SC directive
- NSE IPO buzz lifts New India Assurance, IFCI up to 9% | What do technical experts say?
- ET Business Growth Summit - Chennai to explore Tamil Nadu’s global growth ambitions

### What Changed

The New India Assurance Company (NIACL) on NSE experienced a price decrease from ₹197.05 to ₹187.66 between its prior observation and the report date of September 18, 2026. This period also saw a broader market development where Public Sector Undertaking (PSU) general insurers, as a group, reported a significant loss of ₹10,051 crore for the fiscal year ending 2026. This collective loss was attributed to deteriorating solvency ratios and increased underwriting losses. Separately, news indicated that stocks of life insurance companies, including HDFC Life and SBI Life, saw price increases on the hope of lower commission payments, though this development does not directly pertain to NIACL's operational segment.

- NIACL's price declined to ₹187.66 as of September 18, 2026, from a previous ₹197.05.
- PSU general insurers collectively incurred a loss of ₹10,051 crore in FY26.
- The FY26 loss for PSU general insurers was associated with negative solvency ratios and higher underwriting losses.
- News on September 18, 2026, noted a rise in life insurance company stocks due to potential commission payment reductions.

- PSU general insurers swing to ₹10,051-crore loss as solvency ratio deteriorate
- HDFC Life, other life insurance companies' stocks rise up to 7% on hope of lower commission payment

### Official Filings

The New India Assurance Company Limited has undergone leadership changes and auditor appointments. On September 10, 2026, S. Sivasankar was officially appointed Chairman cum Managing Director, having previously served as Executive Director. This followed an earlier notification on September 11, 2026, stating he was assigned additional charge as Chairman-cum-Managing Director effective August 1, 2026, for an initial period of three months or until a regular appointment. These changes follow the cessation of Girija Subramanian as Chairman cum Managing Director due to superannuation on July 31, 2026. In terms of audit oversight, M/s S Ramanand Aiyar & Co and Chokshi & Chokshi LLP were appointed as Statutory Auditors for the Financial Year 2026-27, effective September 9, 2026, following a decision by the Comptroller & Auditor General of India. The company also plans to divest 1,05,00,000 equity shares of the National Stock Exchange of India Ltd. (NSEIL), representing 29.83% of its holdings, through an Offer for Sale in NSEIL's Initial Public Offering, with the sale expected by the end of September 2026. This divestment follows a dividend of ₹123,20,00,000 received from NSEIL in FY 2025-26. The company also received a tax refund of ₹78,39,07,565 for Assessment Year 2022-23 on July 27, 2026. In response to a query regarding a trading volume spurt on August 31, 2026, the company confirmed on September 1, 2026, that all required disclosures had been made and that it was unaware of any other price-sensitive information.

- S. Sivasankar appointed Chairman cum Managing Director effective September 10, 2026, with prior additional charge from August 1, 2026.
- M/s S Ramanand Aiyar & Co and Chokshi & Chokshi LLP appointed as Statutory Auditors for FY 2026-27, effective September 9, 2026.
- Company proposes to divest 1,05,00,000 equity shares of NSEIL via Offer for Sale, expected by end of September 2026.
- Received income tax refund of ₹78,39,07,565 for Assessment Year 2022-23 on July 27, 2026.
- Confirmed compliance with disclosure norms on September 1, 2026, in response to a trading volume increase inquiry.

- THE NEW INDIA ASSURANCE COMPANY LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- The New India Assurance Company Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)
- The New India Assurance Company Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- The New India Assurance Company Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- The New India Assurance Company Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors
- 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, had written to the company. The New India Assurance Company Limited has submitted their response. |SUBJECT: Spurt in Volume
- 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 New India Assurance Company Limited has informed the Exchange about General Updates |SUBJECT: General Updates

### Fundamentals

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.

### Bull Case

The New India Assurance Company's stock experienced a notable increase of 9.4% on September 18, 2026, coinciding with buzz surrounding the NSE IPO. While technical indicators show a bearish trend on daily and monthly timeframes, the weekly trend indicates a bullish direction. The stock's performance over the past six months has been strong, with a return of 0.39, and year-to-date, it has shown a return of 0.21. However, it is important to note that the broader PSU general insurance sector reported a significant loss of ₹10,051 crore in FY26, with deteriorating solvency ratios.

- The stock price of The New India Assurance Company rose by 9.4% on September 18, 2026, influenced by the NSE IPO buzz.
- The stock has delivered a return of 0.39 over the last six months and 0.21 year-to-date as of September 18, 2026.
- While daily and monthly technical trends are bearish, the weekly trend shows a bullish direction.
- The PSU general insurance sector reported a collective loss of ₹10,051 crore in FY26, with declining solvency ratios.

- PSU general insurers swing to ₹10,051-crore loss as solvency ratio deteriorate
- HDFC Life, other life insurance companies' stocks rise up to 7% on hope of lower commission payment
- 'No insurance, no fuel': IRDAI to test automated number-plate scanning to enforce SC directive
- NSE IPO buzz lifts New India Assurance, IFCI up to 9% | What do technical experts say?
- ET Business Growth Summit - Chennai to explore Tamil Nadu’s global growth ambitions

### Bear Case

The company's stock is currently experiencing a bearish trend on a daily and monthly basis, as indicated by technical indicators such as the Supertrend direction. The daily chart shows the closing price of ₹187.66 is below the 20-day Exponential Moving Average (EMA) of ₹193.88, and the EMA's 5-day slope is negative (-2.28). While the weekly trend shows a bullish Supertrend direction, the overall market context for Public Sector Undertaking (PSU) general insurers includes a reported loss of ₹10,051 crore in FY26, with concerns about deteriorating solvency ratios and increased underwriting losses. This sector-wide pressure could impact individual companies.

- Daily and monthly technical trends are currently bearish, with the Supertrend indicator signaling a bearish direction.
- The closing price of ₹187.66 on 2026-09-18 is below the 20-day EMA of ₹193.88.
- PSU general insurers collectively reported a loss of ₹10,051 crore in FY26, accompanied by negative solvency ratios and rising underwriting losses.

- PSU general insurers swing to ₹10,051-crore loss as solvency ratio deteriorate
- HDFC Life, other life insurance companies' stocks rise up to 7% on hope of lower commission payment
- 'No insurance, no fuel': IRDAI to test automated number-plate scanning to enforce SC directive
- NSE IPO buzz lifts New India Assurance, IFCI up to 9% | What do technical experts say?
- ET Business Growth Summit - Chennai to explore Tamil Nadu’s global growth ambitions

### FAQs

**What is the significance of The New India Assurance Company Limited's proposed divestment of National Stock Exchange of India Ltd. (NSEIL) shares?**

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.

**What recent changes have occurred in the leadership and auditing of The New India Assurance Company Limited?**

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.

**How has The New India Assurance Company Limited's stock performed recently, and what are the key technical indicators suggesting?**

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.

**What is the general market sentiment for PSU general insurers based on recent news?**

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.

- PSU general insurers swing to ₹10,051-crore loss as solvency ratio deteriorate
- HDFC Life, other life insurance companies' stocks rise up to 7% on hope of lower commission payment
- 'No insurance, no fuel': IRDAI to test automated number-plate scanning to enforce SC directive
- NSE IPO buzz lifts New India Assurance, IFCI up to 9% | What do technical experts say?
- ET Business Growth Summit - Chennai to explore Tamil Nadu’s global growth ambitions
- THE NEW INDIA ASSURANCE COMPANY LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- The New India Assurance Company Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)
- The New India Assurance Company Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- The New India Assurance Company Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- The New India Assurance Company Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹194.93
- Risk regime: Price Risk Requires Attention

### Support levels
- 175.39406250000002
- 170.590625
- 167.0975

### Resistance levels
- 189.7571875
- 195.758125
- 202.9

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -4.77% |
| return_10 | -3.93% |
| return_1m | +1.94% |
| return_1y | -4.23% |
| return_20 | +2.50% |
| return_3m | +5.03% |
| return_5 | -4.91% |
| return_6m | +39.38% |
| return_since_start | -9.21% |
| return_ytd | +20.67% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -43.00% |
| annualized_volatility | +46.79% |

## Quarterly financials

- Latest complete quarter: fy26_q4

# Underwriting Loss Widens as Combined Ratio Rises and Pre-Tax Profit Turns Negative

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.

## Underwriting Profitability Deteriorates Further

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.

## Pre-Tax Loss and Tax Effect

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 and Incurred Continue to Rise

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.

## Operating Expense Composition Shows Mixed Trends

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.

## Key Takeaway

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.

### Ratios

## Official filings

- 2026-09-11 — Generic Announcement: The New India Assurance Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_15564_WebXMLFile_20260911_122036625.xml)
- 2026-09-11 — Generic Announcement: The New India Assurance Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NIACL_11092026121521_intimation.pdf)
- 2026-09-10 — Generic Announcement: The New India Assurance Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_15564_WebXMLFile_20260910_113540455.xml)
- 2026-09-09 — Generic Announcement: The New India Assurance Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NIACL_09092026131744_Reg_30_OFS_NSE.pdf)
- 2026-09-09 — Generic Announcement: The New India Assurance Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NIACL_09092026181738_intimation.pdf)
- 2026-09-01 — Generic Announcement: The New India Assurance Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NIACL_01092026122200_Spurt_in_Volume_August_2026.pdf)
- 2026-08-31 — Generic Announcement: The New India Assurance Company Limited — [Official attachment](https://nsearchives.nseindia.com/content/RSS/Online_announcements.xml)
- 2026-08-27 — Generic Announcement: The New India Assurance Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NIACL_27082026171231_SE_intimation_IT_refund_final.pdf)
- 2026-07-31 — Official Filing: The New India Assurance Company Limited reported the cessation of Executive Director Girija Subramanian due to superannuation or retirement, effective July 31, 2026. Ms. Subramanian also held positions as Chairperson and MD.
- 2026-07-31 — Generic Announcement: Ms. Girija Subramanian ceased to be the Chairman cum Managing Director (CMD) of The New India Assurance Company Ltd. effective July 31, 2026, upon attaining superannuation. This cessation is in accordance with a Ministry Order dated June 19, 2024. — [Official attachment](https://nsearchives.nseindia.com/corporate/NIACL_31072026183506_CMD_Cessation_signed.pdf)
- 2026-07-27 — Generic Announcement: The New India Assurance Company Limited held its 107th Annual General Meeting on July 27, 2026, via video conference. All six items of business, including the adoption of financial statements for the year ended March 31, 2026, the declaration of a final dividend of Rs. 1.50 per share for FY 2025-26, and the appointment of directors, were passed by the members with the requisite majority. The meeting concluded at 1:10 p.m. IST. — [Official attachment](https://nsearchives.nseindia.com/corporate/NIACL_27072026190536_proceedings_of_AGM.pdf)
- 2026-07-24 — Generic Announcement: The New India Assurance Company Limited's Board of Directors approved the un-audited financial results for the quarter ended June 30, 2026, during a meeting on July 24, 2026. The company's auditors issued a qualified conclusion on these results, noting that certain balances were still undergoing reconciliation and confirmation. The filing also disclosed contingent liabilities related to tax demands totaling ₹68,217 Lakhs and a deferred tax expense of ₹5,921 Lakhs due to opting for a new tax regime. — [Official attachment](https://nsearchives.nseindia.com/corporate/NIACL_24072026201511_Outcome.pdf)
- 2026-07-24 — Earnings Presentation: The New India Assurance Company Limited reported investor presentation for the quarter ended June 30, 2026. The company's Gross Written Premium (GWP) growth was muted at 2.9% due to a 27.8% decline in the property insurance premium industry. Motor Third Party business faced pressure from no premium increase and claim inflation, significantly impacting results. The solvency ratio remained healthy at 1.80x, with investment assets valued at Rs. 99,980 crore. The company plans to shift its business mix towards retail and MSME sectors and focus on new product lines with lower competitive intensity. — [Official attachment](https://nsearchives.nseindia.com/corporate/NIACL_24072026211835_Investors_Presentation.pdf)
- 2026-07-16 — Generic Announcement: The New India Assurance Company Ltd. has extended the closure of its trading window for designated persons and their immediate relatives. Originally set to end 48 hours after the announcement of Q1 2026 unaudited financial results, the window will now remain closed from July 1, 2026, to July 26, 2026. This extension is due to the upcoming Board Meeting scheduled for July 24, 2026, to consider these financial results. — [Official attachment](https://nsearchives.nseindia.com/corporate/NIACL_16072026151857_closure_of_TW_final.pdf)
- 2026-07-12 — Generic Announcement: The New India Assurance Company Ltd. published a notice on July 12, 2026, in the Financial Express, Loksatta, and Jansatta newspapers regarding the transfer of equity shares to the Investor Education & Protection Fund (IEPF) Account. This action is in compliance with SEBI (LODR) Regulations, 2015. — [Official attachment](https://nsearchives.nseindia.com/corporate/NIACL_12072026150813_IEPFNewspaper.pdf)
- 2026-07-08 — Generic Announcement: The New India Assurance Company Ltd. submitted a certificate for the quarter ended June 30, 2026, confirming compliance with SEBI (Depositories and Participants) Regulations, 2018. Alankit Assignments Limited, the registrar, verified that securities received for dematerialization were processed and listed on stock exchanges within the prescribed timelines. — [Official attachment](https://nsearchives.nseindia.com/corporate/NIACL_08072026121923_certificate_74.pdf)
- 2026-07-06 — Generic Announcement: The New India Assurance Company Limited has announced its 107th Annual General Meeting will be held on July 27, 2026, at 11:30 a.m. IST via Video Conferencing. The notice for this meeting was dispatched on July 5, 2026. This disclosure is made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. — [Official attachment](https://nsearchives.nseindia.com/corporate/NIACL_06072026152936_Newspaper.pdf)
- 2026-07-05 — Generic Announcement: The New India Assurance Company Limited will hold its 107th Annual General Meeting on July 27, 2026, at 11:30 AM via video conference. The meeting agenda includes adopting the financial statements for the year ended March 31, 2026, declaring a final dividend of Rs. 1.50 per equity share, and authorizing the board to fix remuneration for joint statutory auditors. The company reported a Global Gross Written Premium of ₹47,174 Crore and a Global Profit After Tax of ₹1,384 Crore for the fiscal year ended March 31, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/NIACL_05072026134501_Annual_General_Meeting.pdf)
- 2026-06-25 — Generic Announcement: The New India Assurance Company Ltd. Board of Directors revised the record date for dividend payment for FY 2025-26 from September 4, 2026, to July 10, 2026, due to a revised AGM schedule. This decision was made during a board meeting held on June 25, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/NIACL_25062026174414_Change_in_record_date.pdf)
- 2026-06-25 — Generic Announcement: The New India Assurance Company Ltd. announced the appointment of Mr. Hari Har Mishra as a Government Nominee Director on its Board, effective June 25, 2026. This appointment was made by the Ministry of Finance via a notification dated May 13, 2026. Mr. Mishra, an Indian Defence Accounts Service officer, currently serves as Additional Secretary in the Department of Financial Services and is not related to any other director on the company's board. The company affirmed that Mr. Mishra is not debarred from holding a director's office by any SEBI order. — [Official attachment](https://nsearchives.nseindia.com/corporate/NIACL_25062026114912_Appointment.pdf)
- 2026-06-25 — Generic Announcement: The New India Assurance Company Ltd. Board of Directors revised the record date for dividend payment for FY 2025-26 from September 4, 2026, to July 10, 2026, due to a revised AGM schedule. This decision was made during a board meeting held on June 25, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/NIACL_25062026174532_Change_in_record_date.pdf)
- 2026-06-25 — Generic Announcement: The New India Assurance Company Ltd. Board of Directors revised the record date for dividend payment for FY 2025-26 from September 4, 2026, to July 10, 2026, due to a revised AGM schedule. This decision was made during a board meeting held on June 25, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/NIACL_25062026184554_2bd8a4ff-4a84-4cdf-944e-16a609128114.pdf)
- 2026-06-23 — Generic Announcement: Abhishek Pagaria digitally signed a document on June 23, 2026, at 10:41:31 AM IST. — [Official attachment](https://nsearchives.nseindia.com/corporate/NIACL_23062026104237_price_movement_NSE.pdf)
- 2026-06-22 — Generic Announcement: The New India Assurance Company Ltd. will close its trading window for designated persons and their immediate relatives from July 1, 2026, until 48 hours after the announcement of financial results for the quarter ending June 30, 2026. This closure complies with SEBI (Prohibition of Insider Trading) Regulations, 2015. — [Official attachment](https://nsearchives.nseindia.com/corporate/NIACL_22062026131408_tradingwindowc.pdf)
- 2026-06-19 — Generic Announcement: The New India Assurance Company Ltd. received a Penalty Order from the Income Tax Department on June 19, 2026, imposing a demand of Rs. 6,86,196/- for AY 2014-15 due to alleged underreporting of income from foreign dividends. The company plans to pursue an appeal and will show this amount as a contingent liability in its financial statements. — [Official attachment](https://nsearchives.nseindia.com/corporate/NIACL_19062026184444_Reg_30_penalty.pdf)

## News and market events

- 2026-09-17 — The Hindu: **PSU general insurers swing to ₹10,051-crore loss as solvency ratio deteriorate** — PSU general insurers reported a ₹10,051-crore loss in FY26, with negative solvency ratios and increased underwriting losses. — [Source](https://www.thehindu.com/business/industry/psu-general-insurers-swing-to-10051-crore-loss-as-solvency-ratio-deteriorate/article71476488.ece)
- 2026-09-17 — MONEYCONTROL: **HDFC Life, other life insurance companies' stocks rise up to 7% on hope of lower commission payment** — HDFC share price, SBI Life shares today — [Source](https://www.moneycontrol.com/news/business/markets/hdfc-life-other-life-insurance-companies-stocks-rise-up-to-7-on-hope-of-lower-commission-payment-14032087.html)
- 2026-09-17 — MONEYCONTROL: **'No insurance, no fuel': IRDAI to test automated number-plate scanning to enforce SC directive** — irdai, insurance regulator, insurance regulatory and development authority of india, morth, iib, vahan, no insurance no fuel, supreme court, motor insurance — [Source](https://www.moneycontrol.com/banking/no-insurance-no-fuel-irdai-to-test-automated-number-plate-scanning-to-enforce-sc-directive-article-14031903.html)
- 2026-09-17 — Mint: **NSE IPO buzz lifts New India Assurance, IFCI up to 9% | What do technical experts say?** — New India Assurance's shares rose 9.4% and IFCI's by 7.8% amid the NSE IPO. Both stocks experienced volatility, influenced by market developments. Technical analysts suggest potential support and resistance levels, indicating ongoing fluctuations in their trends. — [Source](https://www.livemint.com/market/stock-market-news/nse-ipo-buzz-lifts-new-india-assurance-ifci-up-to-9-what-do-technical-experts-say-11789623090580.html)
- 2026-09-17 — Economic Times: **ET Business Growth Summit - Chennai to explore Tamil Nadu’s global growth ambitions** — The Chennai edition of the ET Business Growth Summit will bring together policymakers, entrepreneurs, business leaders, and industry experts to examine how Tamil Nadus MSMEs can scale and build resilient businesses, with a focus on taking enterprises from the state to global markets. — [Source](https://economictimes.indiatimes.com/et-business-growth-summit-chennai-to-explore-tamil-nadus-global-growth-ambitions/articleshow/134287503.cms)
- 2026-09-16 — MONEYCONTROL: **NSE raises Rs 6,746 crore via anchor book ahead of IPO; LIC, Fidelity top investors** — NSE IPO — [Source](https://www.moneycontrol.com/news/business/ipo/nse-raises-rs-6-746-crore-via-anchor-book-ahead-of-ipo-lic-fidelity-top-investors-14031424.html)
- 2026-09-16 — MONEYCONTROL: **NSE IPO: Exchange is highly profitable, pays out most free cash flow as dividends, says MD and CEO Ashish Chauhan** — NSE IPO, NSE IPO 2026, National Stock Exchange IPO, NSE IPO price, NSE IPO valuation, NSE IPO offer for sale, NSE IPO Ashish Chauhan, NSE dividend, NSE profitability, NSE IPO investors — [Source](https://www.moneycontrol.com/news/business/personal-finance/nse-ipo-exchange-is-highly-profitable-pays-out-most-free-cash-flow-as-dividends-says-md-and-ceo-ashish-chauhan-14030759.html)
- 2026-09-15 — MONEYCONTROL: **Volume push, deep discounting hurt PSU insurers as underwriting losses surge 58%** — psu, New India Assurance, National Insurance Company, Oriental Insurance Company, United India Insurance Company — [Source](https://www.moneycontrol.com/banking/volume-push-deep-discounting-hurt-psu-insurers-as-underwriting-losses-surge-58-article-14030273.html)
- 2026-09-15 — Economic Times: **ET Business Growth Summit, Jaipur: Entrepreneurs highlight new growth opportunities** — The ET Business Growth Summit, Jaipur, concluded on a strong note, with industry leaders emphasising greater collaboration among businesses, policymakers, and institutions to unlock the regions growth potential. — [Source](https://economictimes.indiatimes.com/small-biz/sme-sector/et-business-growth-summit-jaipur-entrepreneurs-highlight-new-growth-opportunities/articleshow/134256382.cms)
- 2026-09-14 — Times of India: **Insurance claim denied over short circuit, consumer commission orders insurer to pay Rs 3.53 lakh** — News News: NEW DELHI: The Uttarakhand state consumer commission has directed New India Assurance Company Ltd to pay Rs 3.53 lakh to Minda Industries Ltd for fire. — [Source](https://timesofindia.indiatimes.com/legal/news/insurance-claim-denied-over-short-circuit-consumer-commission-orders-insurer-to-pay-rs-3-53-lakh/articleshow/134239901.cms)
- 2026-09-13 — FREEPRESSJOURNAL.IN: **7 Years After Warehouse Fire, Insurer Told To Pay ₹8.06 Crore To Victorinox India** — A Mumbai consumer commission ordered New India Assurance to pay Victorinox India Rs 8.06 crore plus 9 percent interest over a 2019 warehouse fire claim dispute. — [Source](https://www.freepressjournal.in/business/7-years-after-warehouse-fire-insurer-told-to-pay-806-crore-to-victorinox-india)
- 2026-09-13 — MONEYCONTROL: **7 years after warehouse fire, New India Assurance told to pay Victorinox India Rs 8.06 crore** — Victorinox India insurance claim, New India Assurance Victorinox, Victorinox warehouse fire, Rs 8.06 crore insurance claim, Mumbai consumer commission, New India Assurance fire claim, Victorinox India fire insurance, consumer court insurance case, warehouse fire insurance dispute, Standard Fire Special Perils Policy — [Source](https://www.moneycontrol.com/news/business/7-years-after-warehouse-fire-new-india-assurance-told-to-pay-victorinox-india-rs-8-06-crore-14028860.html)
- 2026-09-13 — Economic Times: **7 years on, insurer ordered to pay Rs 8.06 cr to Swiss firm subsidiary in fire claim dispute** — A consumer commission ordered an insurer to pay over eight crore rupees to Victorinox India. The company's fire insurance claim was unfairly repudiated by the insurance firm. This rejection occurred solely on technical grounds, which the commission deemed unsustainable. The commission found the insurer engaged in unfair trade practices and service deficiency. Victorinox India will receive the claim amount with interest and compensation. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/insure/7-years-on-insurer-ordered-to-pay-rs-8-06-cr-to-swiss-firm-subsidiary-in-fire-claim-dispute/articleshow/134184693.cms)
- 2026-09-11 — The Hindu: **NSE set to raise ₹22,569 crore IPO from capital market** — The IPO consists of only offer for sale, where existing shareholders will sell their shares, and no fresh capital to be raised — [Source](https://www.thehindu.com/business/markets/nse-set-to-raise-22569-crore-ipo-from-capital-market/article71455957.ece)
- 2026-09-11 — Economic Times: **Hidden goldmine! How NSE IPO will unlock Rs 95,000 crore value for over 20 listed companies** — The NSE IPO could unlock significant hidden value for 26 listed shareholders, whose combined NSE holdings could be worth around Rs 94,619 crore at the tentative upper price of Rs 1,785 per share. LIC stands to benefit the most, with its 26.53-crore-share stake valued at around Rs 47,351 crore. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/hidden-goldmine-how-nse-ipo-will-unlock-rs-95000-crore-value-for-over-20-listed-companies/articleshow/134055566.cms)
- 2026-09-11 — BUSINESSTODAY: **NSE IPO price band disclosed: SBI, Bank of Baroda, GIC Re and Indian Bank shares react** — NSE IPO, NSE IPO price band, NSE IPO launch date, SBI, Bank of Baroda, GIC Re , New India Assurance, NSE upcoming IPO, NSE IPO price range, Bank of Baroda shares, Bank of Baroda stock, New India Assurance stock — [Source](https://www.businesstoday.in/markets/stocks/story/nse-ipo-price-band-fixed-sbi-bank-of-baroda-gic-re-and-indian-bank-shares-react-554763-2026-09-11)
- 2026-09-10 — BUSINESSTODAY: **SBI, IFCI, NIACL: Check fresh target prices for selling beneficiaries in NSE's mega IPO** — Stocks to buy, Stock picks, Stocks to trade, trading views, New India Assurance Company, State Bank of India, IFCI, NIACL shares, SBI shares, IFCI shares, NIACL share price, SBI share price, IFCI share price, NIACL stock price, SBI stock price, IFCI stock price, NIACL target price, SBI target price, IFCI target price — [Source](https://www.businesstoday.in/markets/stocks/story/sbi-ifci-niacl-check-fresh-target-prices-for-selling-beneficiaries-in-nses-mega-ipo-554446-2026-09-10)
- 2026-09-10 — News18: **NSE Files Updated DRHP, Cuts IPO Size To About Rs 23,000: Know Latest GMP, Other Details** — The IPO will remain entirely an offer-for-sale (OFS), meaning the NSE itself will not receive any proceeds from the share sale. — [Source](https://www.news18.com/business/ipo/nse-files-updated-drhp-cuts-ipo-size-to-about-rs-23000-know-latest-gmp-other-details-10319981.html)
- 2026-09-09 — Mint: **NSE IPO: New India Assurance to sell 1.05 crore shares in the upcoming mega OFS | Details here** — The New India Assurance Company on Wednesday, 9 September, said it will divest 1.05 crore shares of the National Stock Exchange of India (NSE) through the proposed NSE IPO. — [Source](https://www.livemint.com/market/stock-market-news/nse-ipo-new-india-assurance-to-sell-1-05-crore-shares-in-the-upcoming-mega-ofs-details-here-11788944435862.html)
- 2026-09-08 — BUSINESSTODAY: **NIACL, IFCI shares tumble after recent gains amid NSE IPO buzz; check technical outlook** — NIACL shares, IFCI shares, New India Assurance Company, IFCI, NSE IPO, NSE stake, National Stock Exchange IPO, NSE IPO buzz, NSE exposure, stock market, technical outlook, share price, technical analysis, NSE stakeholding, Indian stock market — [Source](https://www.businesstoday.in/markets/stocks/story/niacl-ifci-shares-tumble-after-recent-gains-amid-nse-ipo-buzz-check-technical-outlook-553863-2026-09-08)
- 2026-09-07 — Mint: **NSE IPO effect? This PSU stock hits 52-week high before paring gains | Check its NSE Stake, other key details** — NSE's planned IPO is a significant catalyst for NIACL, which holds 1.42% in NSE and plans to sell shares in the IPO. The sale could unlock value for investors as excitement around the public issue builds. — [Source](https://www.livemint.com/market/stock-market-news/nse-ipo-effect-this-psu-stock-niacl-hits-52-week-high-before-paring-gains-check-its-nse-stake-other-key-details-11788754103434.html)
- 2026-09-06 — Economic Times: **Ahead of Market: 10 things that will decide stock market action on Monday** — Indian benchmark indices ended slightly higher on Friday, with the Sensex rising 363 points and Nifty closing below 23,898. Investors monitored global market cues, US economic data, and inflation reports, while stock-specific action drove intraday activity across major sectors in a sideways-moving market environment. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/ahead-of-market-10-things-that-will-decide-stock-market-action-on-monday/articleshow/133834844.cms)
- 2026-09-06 — The Hindu: **Technical call: The New India Assurance Company (₹229.91)** — Bullish outlook for New India Assurance stock; buy at ₹229, with potential rise to ₹420 and strategic stop-loss levels. — [Source](https://www.thehindubusinessline.com/portfolio/technical-analysis/technical-call-the-new-india-assurance-company-22991/article71432054.ece)
- 2026-09-04 — The Hindu: **NSE IPO bet sends New India Assurance, IFCI to new highs** — The rally was driven by anticipation that the long-awaited NSE IPO may soon receive SEBI approval — [Source](https://www.thehindubusinessline.com/markets/stock-markets/nse-ipo-bet-sends-new-india-assurance-ifci-to-new-highs/article71428148.ece)
- 2026-09-04 — Mint: **Stock in a bull trend! New India Assurance shares almost doubled investors' money in five months — do you own? | Stock Market News** — New India Assurance shares have soared, almost doubling investors' money in just over five months, fueled by bullish sentiment ahead of the NSE IPO. The stock jumped 20% to hit its 52-week high as well as the upper circuit of ₹234.60 in Friday’s session. — [Source](https://www.livemint.com/market/stock-market-news/stock-in-a-bull-trend-new-india-assurance-shares-almost-doubled-investors-money-in-five-months-do-you-own-11788514182520.html)

## Business profile

**Strategic vision:** Provides general insurance products and services across India.

### Business segments
- **Specialized and large-risk insurance:** Coverage for large-scale operations such as aviation, marine insurance, and property insurance for substantial assets.
- **Personal insurance:** Products like motor, health, and travel insurance for individual customers.
- **Micro-insurance:** Products specifically designed to serve rural and underserved markets, addressing their unique insurance needs.
- **Other general insurance:** A variety of miscellaneous insurance products catering to different requirements.

### Competitive strengths
- 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.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/niacl
Markdown representation: https://faxioms.com/stocks/niacl?render=md