New India Assurance reports 57.7% jump in half-year profit after tax

The New India Assurance Company Limited announced an impressive 57.7% year-on-year growth in Profit After Tax (PAT) for the half-year ended September 30, 2025. This surge was underpinned by an 11.5% increase in Gross Written Premium (GWP) during the period, with domestic business expanding its market share from 12.60% to 13.25%. Growth was primarily driven by strong performance across health, property, and miscellaneous segments.

Despite a one-time provision of ₹1,680 crore for wage revision arrears and employee benefit liabilities, the company's robust investment income and prudent portfolio management effectively offset these impacts, leading to a healthy rise in net profits. Operating expenses, excluding the one-time wage arrears, were lower than the previous year, reflecting ongoing cost optimization efforts.

The company also reported a strong solvency ratio of 1.79x, comfortably exceeding regulatory requirements. Early indicators for October suggest continued industry-leading growth and anticipated improvement in loss ratios for the second half of the financial year.