Overview

Detailed Summary

The New India Assurance Company Limited (NIACL) is the largest general insurance company in India, offering a wide range of product verticals such as fire, marine, motor, and health insurance across India and 26 other countries.
In Q3 FY26, NIACL achieved a global gross written premium growth of 10.5%, with a significant leap in domestic market share from 12.8% to 13.4%, outpacing industry growth.
Despite high incurred claim ratios from CAT losses earlier in the year, the ratio improved to 90.77% in Q3 FY26, showcasing effective risk management adjustments.
Profit before tax soared 215% QoQ for Q3 FY26, driven by robust investment income and strategic cost control amidst rising underwriting losses due to wage revisions.
The company maintains a healthy solvency ratio of 1.81, well above regulatory requirements, positioning it stably in a competitive insurance industry.

Sector: Insurance
Industry: General Insurance
Market Cap: 25,181 Cr
Volatility: High Risk
P/E Ratio: 21.2
Industry P/E: 17.2
PEG Ratio: 0.5
P/B Ratio: 0.9
52W High: 214.75
52W Low: 135.05

Sales CAGR

1Y: 0.16%
3Y: 6.88%
5Y: 7.79%
10Y: 9.85%

Profit CAGR

1Y: -10.90%
3Y: 81.86%
5Y: -6.97%
10Y: 1.97%

ROE

TTM: —
3Y: 3.88%
5Y: 3.76%
10Y: 4.61%

ROCE

TTM: —
3Y: 3.11%
5Y: 3.08%
10Y: 3.61%

Technicals

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Forecasts

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Analyst Target, Price, EPS and Revenue Projections

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
GICRE	385.15	67,571 Cr	7.02	0.96	2.60	13.64	11.68	4.33
MFSL	1833.85	63,289 Cr	438.72	11.93	0.00	3.04	3.53	0.09
GODIGIT	334.30	30,923 Cr	60.56	6.67	0.00	10.55	10.50	2.19
STARHEALTH	471.45	27,905 Cr	62.20	3.75	0.00	0.00	0.00	0.00
NIACL	153.40	25,181 Cr	21.19	0.87	1.18	0.00	0.00	0.00
CANHLIFE	151.70	14,412 Cr	116.69	9.17	0.26	7.89	0.29	0.26
NIVABUPA	76.58	14,127 Cr	—	3.71	0.00	0.00	0.00	0.00

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	9,886	10,676	10,875	9,865	10,135	10,230	11,009	11,081	12,340	11,429
Expenses	10,638	10,382	10,862	10,117	10,617	10,529	10,513	11,178	13,012	11,512
Operating Profit	-752	294	13	-252	-483	-299	495	-98	-672	-83
OPM %	-7.61	2.76	0.12	-2.55	-4.76	-2.92	4.50	-0.88	-5.45	-0.73
Other Income	510	572	457	524	623	406	6.88	489	695	455
Interest	—	—	—	—	—	—	—	—	—	—
Depreciation	—	—	—	—	—	—	—	—	—	—
Profit Before Tax	-242	866	470	272	141	107	502	391	23	372
Tax %	—	—	—	—	—	—	—	—	—	—
Net Profit	-195	713	308	233	74	344	322	392	20	377
EPS in Rs	-1.07	4.38	1.89	1.45	0.54	2.12	2.18	2.43	0.33	2.31

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	20,945	23,371	25,501	28,365	31,087	33,808	38,001	40,927	41,238	42,453
Expenses	21,475	22,384	26,934	27,931	30,369	35,265	35,798	41,534	41,673	42,837
Operating Profit	-529	987	-1,433	434	718	-1,456	2,203	-607	-435	-384
OPM %	-2.53	4.22	-5.62	1.53	2.31	-4.31	5.80	-1.48	-1.05	-0.90
Other Income	1,724	1,735	2,110	1,225	1,342	1,634	-946	2,019	1,458	1,525
Interest	—	—	—	—	—	—	—	—	—	0.00
Depreciation	—	—	—	—	—	—	—	—	—	0.00
Profit Before Tax	1,194	2,722	677	1,659	2,060	178	1,256	1,412	1,023	1,142
Tax %	—	—	—	—	—	—	—	—	—	0.85
Net Profit	1,028	2,189	605	1,436	1,628	178	1,061	1,091	972	1,132
EPS in Rs	—	—	—	8.76	11.96	1.18	6.36	6.78	6.29	7.25
Dividend Payout %	119.23	32.34	40.87	0.00	0.00	25.42	30.35	38.40	30.00	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	200	200	412	824	824	824	824	824	824	824
Reserves	18,485	20,484	24,228	23,303	20,721	24,732	24,981	25,039	27,472	28,171
Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Liabilities	45,454	49,473	51,094	56,426	55,707	66,914	70,691	72,359	79,829	80,776
Total Liabilities	64,139	70,157	75,734	80,553	77,252	92,470	96,496	98,223	1,08,125	1,09,771
Fixed Assets	354	431	593	605	583	563	581	578	491	538
CWIP	15	57	33	45	25	16	18	14	20	5.76
Investments	45,009	51,932	56,024	59,801	52,029	67,025	71,319	74,360	82,069	80,942
Other Assets	18,326	17,517	18,807	19,919	22,884	23,637	23,759	22,861	25,545	28,284
Total Assets	63,704	69,936	75,457	80,369	75,521	91,240	95,676	97,813	1,08,125	1,09,771

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-1,605	-124	425	-1,334	-967	777	-4,052	-5,855	-4,672	-3,390
Cash from Investing Activity	750	1,340	-494	2,337	2,825	-334	4,899	5,701	6,908	4,966
Cash from Financing Activity	-366	-307	1,125	-476	-300	77	-5.66	-65	-326	-343
Net Cash Flow	-1,221	910	1,056	527	1,558	520	842	-219	1,910	1,234

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	85.44%	85.44%	85.44%	85.44%	85.44%	85.44%	85.44%	85.44%	85.44%	85.44%	85.44%	85.44%
FIIs	0.65%	0.67%	0.69%	0.77%	0.82%	0.80%	0.87%	0.84%	0.91%	1.01%	1.01%	1.00%
DIIs	11.93%	11.93%	11.94%	11.71%	11.76%	11.65%	11.27%	11.18%	11.20%	11.19%	11.18%	11.15%
Public	1.98%	1.97%	1.94%	2.08%	1.99%	2.12%	2.42%	2.54%	2.45%	2.37%	2.38%	2.41%
Total Shareholders	1,32,202	1,29,691	1,27,031	1,26,366	1,41,734	1,50,983	1,56,767	1,62,803	1,62,144	1,58,078	1,61,809	1,58,818

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Q3 FY26

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Announcements

Last 7 days

Newest

Sentiment

Change in Directorate

1 day ago

Appointment of S. Sivasankar as Executive Director

Ministry of Finance has appointed Mr. S. Sivasankar (currently General Manager, National Insurance Co. Ltd.) as Executive Director on the Board of The New India Assurance Co. Ltd., effective on assumption of charge until 31-07-2028 or earlier.

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Frequently Asked Questions about New India Assurance Company Ltd

New India Assurance Company Ltd (NIACL) is currently trading at 151.00 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.

The New India Assurance Company Limited (NIACL) is the largest general insurance company in India, offering a wide range of product verticals such as fire, marine, motor, and health insurance across India and 26 other countries. In Q3 FY26, NIACL achieved a global gross written premium growth of 10.5%, with a significant leap in domestic market share from 12.8% to 13.4%, outpacing industry growth. Despite high incurred claim ratios from CAT losses earlier in the year, the ratio improved to 90.77% in Q3 FY26, showcasing effective risk management adjustments. Profit before tax soared 215% QoQ for Q3 FY26, driven by robust investment income and strategic cost control amidst rising underwriting losses due to wage revisions. The company maintains a healthy solvency ratio of 1.81, well above regulatory requirements, positioning it stably in a competitive insurance industry.

Over the past 52 weeks, New India Assurance Company Ltd has traded between a low of ₹135.05 and a high of ₹214.75. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.

New India Assurance Company Ltd has a market capitalization of approximately 25,181.44. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.

New India Assurance Company Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 21.19 and operates in the Insurance sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 25,181.44 Cr, New India Assurance Company Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.

New India Assurance Company Ltd operates in the Insurance sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.

The Price-to-Earnings (PE) ratio of New India Assurance Company Ltd is 21.19. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

The proposed ₹12.2 lakh crore in capital expenditure will drive demand for project, engineering, and liability insurance for new infrastructure projects. As a leading general insurer, NIACL is well-positioned to capture a significant share of this new business.

New India Assurance Company Ltd

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