New India Assurance Q1 premium up 13% to ₹13,334 crore; profit rises despite Air India impact

State-run New India Assurance Company Ltd on Tuesday (July 29) reported a gross written premium of ₹13,334 crore for the first quarter of FY26, reflecting a year-on-year (YoY) growth of 13.11%. The company’s domestic gross direct premium rose by 15.27%, outperforming the industry growth rate of 8.84% during the same period.The company noted that the unfortunate incident involving the Air India flight adversely impacted its underwriting results. Additionally, the health segment experienced a slightly higher loss ratio, while large losses affected the liability and miscellaneous portfolios. Provisions were also made towards some legacy non-moving balances. However, these were offset by healthy investment income.
Profit after tax rose 80% to ₹391 crore in Q1FY26. The company’s balance sheet remained strong, with assets under management at ₹1,00,802 crore and a net worth of ₹45,414 crore. The solvency ratio stood at 1.87x.
Also Read: New India Assurance gets ₹2,298 crore GST show cause noticeGirija Subramanian, Chairman and Managing Director of The New India Assurance Company, said, “Our market share for the period increased from 14.65% to 15.51%.

The healthy growth rate in domestic business was despite a lower growth in Motor LOB, where we have taken a more cautious approach considering the current competitive intensity. The combined ratio at 116.16% was stable compared to the same period last year. Fire, Engineering and Health portfolios registered a healthy growth.”

The results came after the close of the market hours. Shares of New India Assurance Company Ltd ended at ₹173.10, down by ₹0.80 or 0.46% on the BSE.

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