New India Assurance reports 57.7% PAT growth for half year

The New India Assurance Company Ltd. reported an 11.5% growth in Gross Written Premium (GWP) for the period ended September 30, 2025, with domestic business increasing market share from 12.60% to 13.25%. The company achieved a 57.7% year-on-year growth in Profit After Tax (PAT) for the half year ended September 30, 2025, reaching ₹45,426 lakhs for standalone results and ₹41,250 lakhs for consolidated results.

Despite an unusually prolonged monsoon season and localized flood events, the company maintained focus on prudent underwriting and operational efficiency. Robust investment income, supported by buoyant equity markets and prudent portfolio management, offset the temporary impact on underwriting margins from a ₹1,680 crore provision towards wage revision arrears. This resulted in a healthy rise in net profits and a strong standalone solvency ratio of 1.79x, comfortably above regulatory requirements.

Early indicators suggest continued industry-leading growth in October and improved loss ratios in the second half of the financial year.