The New India Assurance Company Limited — Investor Meet, 27-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

The New India Assurance reported gross direct premium income of Rs. 38,660 Cr and gross written premium of Rs. 43,618 Cr, up 4% YoY, with net profit at Rs. 988 Cr, down from Rs. 1,129 Cr. Net incurred claim ratio improved to 96.61%, expense ratio declined to 10.21%, driving combined ratio down to 116.78%. Health & PA (46%) and motor (28%) dominate the portfolio; motor TP loss ratios remain high with price hikes pending. Management aims for profitable growth by exiting unprofitable accounts, boosting digital claims and AI fraud detection. Combined ratio is expected near 110 soon. Focus on MSME and retail to enhance loss ratios; property insurance declined 7.7% in Q4. Overall, confident in underwriting margin improvement and digital transformation.