New India Assurance Reports Strong Q1FY26 Profit Growth

The New India Assurance Company Ltd. reported a significant 80% increase in profit after tax, reaching ₹391Crs for Q1FY26, with gross written premium growing 13.11% to ₹13,334Crs. Domestic gross direct premium rose 15.27%, expanding market share to 15.51%. The combined ratio remained stable at 116.16%. The company's balance sheet is robust with assets under management of ₹1,00,802Crs and a net worth of ₹45,414Crs, maintaining a solvency ratio of 1.87x. Key initiatives for FY26 include launching new products, growing parametric insurance, and improving risk management.