General Insurance company The New India Assurance Company announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Gross Written Premium (GWP): Rs 11,432 crore in Q4FY25 compared to Rs 10,777 crore in Q4FY24 Net Profit stood at Rs 346 crore in Q4FY24 compared to Rs 353 crore in Q4FY24 FY25 Financial Highlights: Gross Written Premium (GWP): Rs 43,618 crore in FY25, reflecting a 3.86 % increase over 241,996 crore in FY24. Combined Ratio: 117% in FY25, improving from 120% in FY24. Loss Ratio: 96.61% in FY25, compared to 97.36% in FY24. Solvency Ratio: 1.91x as of March 31, 2025, compared to 1.81x as of March 31, 2024. Net Profit: Rs 988 crore in FY25, compared to Rs 1,129 crore in FY24 saw a decline of 12.86% due to provisions made towards legacy non-moving balances. Girija Subramanian, Chairman and Managing Director of The New India Assurance Company commenting on the results said, "It gives me great pleasure to inform you that NIACL has achieved an all-time high Gross Written Premium (GWP) of Rs 43,618 crore in FY25, reflecting a growth of 3.86% despite challenging market conditions. Even more encouraging is that our continued emphasis on profitable growth over the past several quarters is now yielding results. Despite the rise in GWP, the company has managed to reduce its underwriting losses by 11% driven by lower claim ratio and signccrnt reduction in operating costs. The combined ratio has improved from 119.88% in FY24 to 116.78% in FY25. This improvement could have been even greater if not for the elevated loss ratio in the Motor Third Party segment, where the much-needed premium revision has not happened yet. NIACL continues to lead the non-life insurance industry in India, with a market share of 12.6% in FY25. The company's growth vis-a-vis the industry over recent months, is quite encouraging. The solvency ratio has improved from 1.81x in FY24 to 1.91x in FY25, underscoring the company's financial strength. Our balance sheet remains robust, with assets under management of more than Rs 98,000 crore. The company made a provision of Rs 802 crore towards legacy non-moving reinsurance balances, which has also impacted the reported Profit After Tax and Return on Equity (ROE) in FY25, adjusted for which the YoY results have been excellent. Our focus in FY26 will remain on further enhancing profitability, with a strong emphasis on launching innovative products aimed at the retail and MSME segments." Result PDF