NIACL

The New India Assurance Company Limited

The New India Assurance Company Limited (NIACL) financial statements and selected valuation metrics through 30 June 2026.

Financial Services›Financial Services›Insurance›General Insurance

newindia.co.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹179.57
Market cap
29,593 Cr
Stock P/E
41.3
P/B
1.21
Dividend yield
1.0%
ROE (FY26)
5.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

New India Assurance sells general insurance (health and personal accident, fire, motor, marine and other covers) to individuals and businesses in India and abroad, and describes itself as the market leader in Indian general insurance.

Company snapshot

4thBy market cap

Ranked among 6 companies in General Insurance.

What we see

Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Insurance layout · ₹ Cr · quarterly

MetricDec 2022Mar 2023Jun 2023Sept 2023Jun 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Premium7,462 Cr8,610 Cr9,253 Cr7,941 Cr9,630 Cr8,965 Cr9,800 Cr10,902 Cr8,869 Cr9,717 Cr10,063 Cr11,298 Cr
Expenses1,243 Cr1,185 Cr1,096 Cr1,175 Cr1,110 Cr1,098 Cr588 Cr864 Cr1,843 Cr1,605 Cr1,317 Cr1,100 Cr
Operating profit6,218 Cr7,425 Cr8,157 Cr6,766 Cr8,520 Cr7,867 Cr9,213 Cr10,039 Cr7,027 Cr8,111 Cr8,746 Cr10,198 Cr
Investment income————————————
Other income0 Cr1,611 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Profit before tax908 Cr150 Cr318 Cr-242 Cr272 Cr107 Cr502 Cr391 Cr23 Cr372 Cr446 Cr-179 Cr
Tax %17.9%4.1%16.4%19.3%14.4%-221.0%36.0%-0.3%13.9%-1.3%-26.5%-36.5%
Net profit745 Cr144 Cr266 Cr-195 Cr233 Cr344 Cr322 Cr392 Cr20 Cr377 Cr564 Cr-244 Cr
EPS (₹)₹4.47₹0.77₹1.58₹-1.07₹1.45₹2.12₹2.18₹2.43₹0.33₹2.31₹3.51₹-1.47

Profit & loss (annual)

Annual insurance P&L · TTM where available · ₹ Cr

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Premium17,675 Cr19,830 Cr21,612 Cr24,619 Cr27,114 Cr29,917 Cr31,313 Cr34,187 Cr36,509 Cr39,551 CrSign in free for the trailing twelve months
Expenses———3,874 Cr5,427 Cr4,070 Cr4,365 Cr—3,750 Cr5,629 CrSign in free for the trailing twelve months
Operating profit———20,745 Cr21,687 Cr25,847 Cr26,948 Cr—32,759 Cr33,922 CrSign in free for the trailing twelve months
Investment income——————————Sign in free for the trailing twelve months
Other income———4,528 Cr73 Cr4,694 Cr7,493 Cr—0 Cr0 CrSign in free for the trailing twelve months
Profit before tax957 Cr2,722 Cr677 Cr1,659 Cr2,060 Cr178 Cr1,256 Cr1,412 Cr1,023 Cr1,233 CrSign in free for the trailing twelve months
Tax %12.2%19.6%10.7%13.5%21.0%-0.2%15.5%22.7%4.9%-9.8%Sign in free for the trailing twelve months
Net profit840 Cr2,189 Cr605 Cr1,436 Cr1,628 Cr178 Cr1,061 Cr1,091 Cr972 Cr1,354 CrSign in free for the trailing twelve months
EPS (₹)₹42.89₹27.06₹3.67₹8.75₹9.95₹1.18₹6.36₹6.77₹6.29₹8.57Sign in free for the trailing twelve months
Dividend payout %————-0.0%3.2%6.1%—35.3%21.9%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital200 Cr412 Cr824 Cr824 Cr824 Cr824 Cr824 Cr824 Cr824 Cr824 Cr
Reserves21,020 Cr24,275 Cr23,286 Cr17,237 Cr18,892 Cr18,950 Cr20,291 Cr27,472 Cr21,932 Cr23,802 Cr
Borrowings—0 Cr—————0 Cr——
Other liabilities15,299 Cr14,436 Cr14,759 Cr59,156 Cr72,706 Cr76,667 Cr77,050 Cr17,143 Cr87,015 Cr1,25,296 Cr
Total liabilities36,567 Cr39,151 Cr38,905 Cr77,217 Cr92,422 Cr96,441 Cr98,165 Cr45,489 Cr1,09,771 Cr1,49,922 Cr
Fixed assets (net)———583 Cr563 Cr581 Cr578 Cr—538 Cr526 Cr
CWIP——————————
Investments———52,029 Cr67,025 Cr71,319 Cr74,360 Cr—80,942 Cr78,166 Cr
Loans & advances———319 Cr328 Cr336 Cr345 Cr—387 Cr430 Cr
Cash & bank8,126 Cr9,181 Cr9,709 Cr11,267 Cr11,787 Cr12,629 Cr12,410 Cr14,320 Cr17,711 Cr19,290 Cr
Other assets28,441 Cr29,970 Cr29,196 Cr13,019 Cr12,720 Cr11,576 Cr10,472 Cr31,169 Cr10,193 Cr51,510 Cr
Total assets36,567 Cr39,151 Cr38,905 Cr77,217 Cr92,422 Cr96,441 Cr98,165 Cr45,489 Cr1,09,771 Cr1,49,922 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-124 Cr425 Cr-1,334 Cr-967 Cr777 Cr-4,052 Cr-5,855 Cr-4,672 Cr-3,390 Cr-4,532 Cr
Cash from investing1,793 Cr-860 Cr2,290 Cr2,586 Cr-593 Cr4,893 Cr5,387 Cr6,886 Cr4,691 Cr1,835 Cr
Cash from financing-305 Cr1,125 Cr-476 Cr-300 Cr77 Cr-6 Cr-65 Cr-326 Cr-343 Cr-297 Cr
Net cash flow911 Cr1,056 Cr527 Cr1,558 Cr520 Cr842 Cr-219 Cr1,910 Cr1,234 Cr-2,778 Cr
Free cash flow (OCF − Capex)-316 Cr167 Cr-1,456 Cr-1,067 Cr678 Cr-4,168 Cr-5,953 Cr-4,741 Cr-3,506 Cr-4,612 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %——————————
ROE %3.9%8.9%2.5%7.9%8.3%0.9%5.0%3.8%4.3%5.5%
Debtor days——————————
Inventory days——————————
Days payable——————————
Cash conversion cycle——————————
Debt / equity—0.00—————0.00——
Current ratio———0.630.580.560.52—0.580.58
Net debt / EBITDA——————————

Regulatory ratios (as filed, standalone basis)

IRDAI ratios as filed with results. Key metrics may show the investor-deck figure, which can differ.

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Solvency ratio211.0%213.0%166.0%187.0%—191.0%184.0%
Claims ratio91.4%84.2%99.5%95.6%—96.6%98.7%
Combined ratio116.4%113.3%120.7%117.2%—116.8%122.5%
Expenses of management ratio21.3%25.4%18.9%19.3%—18.1%21.7%
Net retention ratio78.4%81.6%80.8%80.2%—83.3%83.4%