Girija Subramanian, CMD,NIA said,“Our domestic gross direct premium growth significantly outpaced the industry average, resulting in our market share improving to 13.4 per cent, compared to 12.8 per cent in the corresponding previous year. While the incurred claim ratio for the nine-month period was elevated due to multiple catastrophic (CAT) losses in the first half of the year,we saw an improvement in the third quarter.The Q3FY26 incurred claim ratio stood at 90.77 per cent,a significant improvement over the 94.49 per cent reported in Q3FY25.We expect to maintain this momentum and deliver improved performance in the coming quarter”

Mumbai: With higher investment income and gross premium, New India Assurance(NIA), the largest general insurance multinational, has recorded a net profit of Rs 372 crore, up almost by six per cent year- on- year(Y-O-Y) in Q3FY26.

The insurer, which announced its third quarterly results today, had posted a net profit of Rs353 crore In Q3FY25.

However, the insurer has seen its profit before tax(PBT) zooming by 216 per cent to Rs 367 crore for the December quarter.

NIA’s gross premium rose by over 8.37 per cent (Y-O-Y) to Rs 11,680 crore in the reporting period.

The company’s investment income surged over 31 per cent to Rs 2280 crore in for Q3FY26.

The combine ratio of the company, a key financial parameter for measuring underwriting profitability, stood at 117.97 per cent in Q3FY26 as compared to 116.26 per cent in the corresponding period of the previous fiscal.

A ratio below 100% indicates an underwriting profit, while over 100% signifies a loss.

NIA’s underwriting losses are at Rs1736 crore in Q3 FY 2025-26 as compared to Rs1446 crore in Q3 FY 25.

The company’s Expense of Management(EOM) ratio is at 23.98 per cent in Q3 FY 26 over 19.46 per cent in Q3 FY 25.

Commenting on the results, Girija Subramanian, CMD,NIA said,“Our domestic gross direct premium growth significantly outpaced the industry average, resulting in our market share improving to 13.4 per cent, compared to 12.8 per cent in the corresponding previous year. While the incurred claim ratio for the nine-month period was elevated due to multiple catastrophic (CAT) losses in the first half of the year, we saw an improvement in the third quarter. The Q3FY26 incurred claim ratio stood at 90.77 per cent, a significant improvement over the 94.49 per cent reported in Q3FY25.”

In January 2026, following the Central Government’s approval of wage revisions for Public Sector General Insurance Companies, the company recognised provisions of approximately Rs 2,500 crore toward wage arrears and retirement benefits, informed Subbramanian.

“ While this had a substantial impact on the Combined Operating Ratio, it was partially offset by robust investment income from our equity portfolio. Despite these one-time costs, the company reported stellar profit before tax (PBT) growth of 62% for the nine-month period and an exceptional 215 per cent for the quarter,;’ stated Subramanian.

The company continues to have a very strong balance sheet which reflects overall improvements in net worth, general reserves as well as sustaining a healthy solvency ratio of 1.81 times which is well above the regulatory requirement of 1.50 times, elaborated Subramanina.

“Guided by ongoing government reforms, I remain highly optimistic about the prospects of the general insurance industry. We expect to maintain this momentum and deliver improved performance in the coming quarter,” outlined Subramanian.