Thursday, May 22 2025 | Time 23:31 Hrs(IST)
Business EconomyPosted at: May 20 2025 12:13AM


New India Assurance reports record Rs 43,618 cr GWP in FY25

Mumbai, May 19 (UNI) The New India Assurance Company Ltd (NIACL), India’s largest general insurer by market share, on Monday announced its financial results for the fourth quarter and full fiscal year ending March 31, 2025, registering an all-time high Gross Written Premium (GWP) alongside notable operational improvements.
The company’s GWP rose by 3.86 percent to Rs 43,618 crore in FY25, compared to Rs 41,996 crore in the previous fiscal year. NIACL maintained its leadership position with a market share of 12.6 percent in the general insurance sector.
Operational efficiencies contributed to a reduction in the combined ratio from 120 percent in FY24 to 117 percent in FY25. The solvency ratio strengthened to 1.91 times as of March 31, 2025, up from 1.81 times a year earlier, reflecting enhanced financial stability.
Girija Subramanian, Chairman and Managing Director, said, "It gives me great pleasure to report NIACL’s record Gross Written Premium of Rs 43,618 crore in FY25 despite challenging market conditions. Our focus on profitable growth has yielded results, with underwriting losses reduced by 11 percent due to a lower claim ratio and significant cost optimisation. The combined ratio improved from 119.88 percent to 116.78 percent year-on-year."
She added, "While the Motor Third Party segment’s elevated loss ratio restrained further improvement due to delayed premium revisions, NIACL’s continued market leadership and improved solvency underscore our robust position. The balance sheet remains strong with assets under management exceeding Rs 98,000 crore. Provisions amounting to Rs 802 crore for legacy reinsurance balances impacted net profit and ROE, but adjusted results show excellent year-on-year performance."
The company reported a net profit of Rs 988 crore in FY25, down by 12.86 percent from Rs 1,129 crore in FY24, primarily due to the legacy provisions.
Girija concluded, "In FY26, we will focus on enhancing profitability and launching innovative products targeting retail and MSME segments to sustain growth and value creation for stakeholders."
UNI BDN SS
Tags: #New India Assurance reports record Rs 43#618 cr GWP in FY25
More News

Trent, BEL to enter Sensex in June reshuffle

22 May 2025 | 11:23 PM

Mumbai, May 22 (UNI) Asia Index Private Limited, a wholly owned subsidiary of BSE Ltd., on Thursday announced the semi-annual reconstitution of several benchmark indices, with effect from the opening of trade on June 23.

see more..

SPICED to boost exports, value addition, farmer empowerment

22 May 2025 | 9:43 PM

Kochi, May 22 (UNI) The Spices Board, under the Ministry of Commerce and Industry, Government of India, has announced financial assistance under its flagship scheme “Sustainability in Spice Sector through Progressive, Innovative and Collaborative Interventions for Export Development (SPICED)” for the financial year 2025–26.

see more..
Sebi chief confident NSE IPO issues will be resolved soon

Sebi chief confident NSE IPO issues will be resolved soon

22 May 2025 | 9:29 PM

New Delhi, May 22 (UNI) Sebi chief Tuhin Kanta Pandey said on Thursday that all outstanding issues related to the National Stock Exchange (NSE) Initial Public Offering (IPO) will be resolved shortly, allowing the process to move forward smoothly.

see more..
Adani Portfolio reports strong Q4, EBITDA hits all-time high

Adani Portfolio reports strong Q4, EBITDA hits all-time high

22 May 2025 | 8:46 PM

Ahmedabad, May 22 (UNI) Adani Portfolio announced robust financial results for the fourth quarter and full fiscal year 2025 on Thursday, showcasing strong operational execution and strategic growth across its diversified infrastructure businesses.

see more..
Kottayam-Kochi Rubber Market Rates

Kottayam-Kochi Rubber Market Rates

22 May 2025 | 6:36 PM

Kottayam, May 22(UNI) Following were the Rubber Market rates announced by the Rubber
Board here on Thursday per quintal
KOTTAYAM
RSS FOUR: 19700
RSS FIVE : 19400
ISNR TWENTY: 17200
SIXTY PERCENT LATEX: 14530
KOCHI
RSS FOUR : 19700
RSS FIVE : 19400
INTERNATIONAL RATES (BANGKOK)
RSS One : 20350
RSS Two : 20193
RSS Three: 20050
RSS Four : 19971
RSS Five : 19854
KUALALUMPUR
SMR TWENTY : 15250($178.25)
SIXTY PERCENT LATEX : 12732($148.80)
UNI PA BM.

see more..