The New India Assurance Company Limited — Board Meeting, 20-05-2025: Outcome of Board Meeting

The New India Assurance Company Ltd. has announced a board meeting on which it approved the audited consolidated financial results for FY25. Gross Written Premium grew 3.86% to ₹43,618 Cr, holding a strong 12.6% market share. Operational efficiencies reduced the combined ratio to 117% from 120%, and the solvency ratio improved to 1.91x. Underwriting losses fell 11%, despite pressure from the Motor Third Party segment. Net profit declined 12.86% to ₹988 Cr, hit by a ₹802 Cr provision on legacy reinsurance. A final dividend of ₹1.80 per share is proposed. New key appointments were made in underwriting, marketing, compliance, and company secretary roles. Focus for FY26 is on profitability and growing retail & MSME segments.