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Revenue
₹12,544 Cr
verified against source
Revenue YoY
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reported change
EBITDA
Pending
latest reported figure
Source
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Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
New India Assurance reported a strong Q4 FY26 with PAT of ₹558 crore, up 61% YoY, and full-year PAT of ₹1,384 crore, up 40% YoY. Domestic gross direct premium grew 10.9% to ₹42,822 crore, outpacing industry growth of 9.3%, and market share improved to 12.74%. The health segment saw improved loss ratios, while motor portfolio recalibration is underway to shed unprofitable accounts. Management guided for double-digit overall growth in FY27, with single-digit motor growth and focus on retail health. Key risks include persistent competitive pricing pressure and rising motor third-party claims without premium revision.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects overall gross premium growth to be in double digits, driven by retail segments, especially health.
- Motor portfolio growth will be single digit as the company focuses on profitability over volume.
- The course correction in motor portfolio started in Q2 FY26 and is expected to show results in about a year.
Risks flagged
- Long-awaited third-party premium revision has not occurred, while court awards continue to rise, pressuring loss ratios.
- Pricing in property insurance remains highly competitive with discounts increasing, impacting growth and margins.
- Marine ICR worsened significantly due to large cargo claims and a general average claim, impacting underwriting results.
Key quotes
- We are currently undergoing a rigorous churning of a motor book consciously shedding high loss ratio accounts and segments that do not meet our underwriting benchmarks.
- The growth will continue to be very bullish. It will be double digit for the industry and so it'll be for New India also.
- Health and PA totally contributes around 47.5% of the whole book and going forward also because this is a segment in which awareness is very high among customers.
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