The New India Assurance Company Limited has released the transcript of its conference call held on February 02, 2026, to discuss its Q3 and 9MFY26 results. The call featured insights from Chairman cum Managing Director Mrs. Girija Subramanian, Executive Director Mrs. Kasturi Sengupta, and other senior management members. During the call, management highlighted that AM Best revised the company's outlook to positive from stable in December 2025, reaffirming its financial strength rating of B++ (Good) and long-term issuer credit rating of BBB+. This revision acknowledges improvements in enterprise risk management and internal controls. For the Quarter ended December 31, 2025, New India Assurance reported a Gross Written Premium (GWP) global of ₹11,680 crore and Net Premiums Earned of ₹9,725 crore. The company posted a Net Profit After Tax (PAT) of ₹372 crore for the quarter, an increase from ₹353 crore in the corresponding period last year. The Net Incurred Claim ratio for Q3 FY26 was 90.77%, with a Combined Ratio of 117.98%. The Solvency Ratio stood at 1.81x, and the Return on Equity (ROE) was 6.63%. For the nine months ended FY2026, the GWP global was ₹35,555 crore, and the Net PAT was ₹826 crore. The Net Incurred Claim ratio for the nine months was 99.63%, with a Combined Ratio of 124% and a Solvency Ratio of 1.81x. The ROE for the period was 4.95%. Management discussed a strategic recalibration of the portfolio, focusing on retail, SME, and better-quality risks, which has impacted growth in certain segments like Motor. The company is working on improving its Motor portfolio composition, aiming for a better balance towards private cars. The Health segment showed strong growth of 18.42% in the quarter, with a significant improvement in its Incurred Claim Ratio from 103% to 91%. The company also addressed the impact of wage revision provisions, amounting to ₹759 crore for Q3 FY2025-2026 and ₹1,877 crore for the nine months ended December 31, 2025. Investment income, including capital gains of ₹1,080 crore in Q3, helped offset some of these costs. Total gains realized from investment sales were ₹4,236 crore for the nine months, with ₹2,000 crore specifically for the wage revision provision. Key initiatives for FY2025-2026 include launching new products for Retail and MSME, entering new lines like Parametric Insurance, and enhancing IT capabilities such as a revamped website, WhatsApp services, and an AI/ML enabled Chatbot. The company also highlighted its commitment to the SME sector, with MSME book growth of 36% up to November 2025.
