The New India Assurance Company Limited — Board Meeting, 29-07-2025: Outcome of Board Meeting

The New India Assurance Company's board approved Q1 financial results. Consolidated Profit After Tax hit ₹392.4 Cr. Gross Written Premium soared to ₹13,334 Cr, boosting market share from 14.65% to 15.51%. Combined ratio was 116.03%. Despite underwriting challenges from specific incidents and legacy provisions, strong investment income provided a cushion. Solvency remained solid at 1.87x. Assets Under Management stand at ₹1,00,802 Cr, with Net Worth at ₹46,627 Cr. M/s Ragini Chokshi & Co. was also appointed as the new auditor for future years.