We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
4 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 4 documents here); elsewhere sentences render unattributed.
Kind
Date
Period
Served
Attribution rate
ANALYST_MEET
20230222
2022-12-31
yes
TRANSCRIPT
20231204
2023-09-30
yes
TRANSCRIPT
20241114
2023-09-30
yes
TRANSCRIPT
20240223
2023-12-31
yes
TRANSCRIPT
20240529
2024-03-31
yes
TRANSCRIPT
20240819
2024-06-30
yes
TRANSCRIPT
20250527
2025-03-31
yes
TRANSCRIPT
20250805
2025-06-30
yes
ANALYST_MEET
20251001
2025-06-30
yes
TRANSCRIPT
20260519
2026-03-31
yes
NIACL
files the general-insurance revenue and shareholders’ accounts. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
Statement division
insurance general
Scope served
consolidated
Panels on this page
5
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
Last close
180.40
52-week range
117.82 – 231.2
Return 1M
-3.68%
Return 3M
-2.29%
Return 1Y
-7.88%
Return 3Y
28.81%
Return 5Y
11.56%
Market capitalisation
not shown — we could not confirm it
Shares outstanding
not shown — we could not confirm it
P/E
not shown — we could not confirm it
P/B
not shown — we could not confirm it
EV/EBITDA
not shown — we could not confirm it
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
Premium earned
9,747.00
Net premium written
11,298.00
Income from investments, net
1,553.00
Claims incurred
10,036.00
Claims paid
9,370.00
Commission, net
954.00
Operating expenses related to insurance business
1,100.00
Premium deficiency
0.00
Ownership — 2026-06-30, and the change from 2026-03-31
Holder
Per cent
Change
promoter and promoter group
0.85
0.00
institutions foreign
0.01
0.00
institutions domestic
0.11
0.00
mutual funds
0.00
0.00
public
0.15
0.00
Documents on file
Class
Most recent
On file
ANALYST_MEET
2025-06-30
2
TRANSCRIPT
2026-03-31
8
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Cash flow, as filed
Line
2025-03-31
2025-09-30
2026-03-31
Net cash from operating activities
-3,390.00
-4,071.00
-4,532.00
Net cash from investing activities
4,691.00
807.00
1,835.00
Net cash from financing activities
-343.00
-297.00
-297.00
Purchase of property, plant and equipment
116.00
34.00
80.00
Net increase in cash
1,234.00
-3,523.00
-2,778.00
con:CFO.BEFORE_TAX
-3,109.00
-4,294.00
-4,648.00
con:INTEREST_RECEIVED.OPERATING
0.00
0.00
0.00
con:INTEREST_PAID.OPERATING
0.00
0.00
0.00
con:DIVIDENDS_RECEIVED.OPERATING
0.00
0.00
0.00
con:TAX_PAID.OPERATING
280.00
-223.00
-116.00
con:CF_OTHER.OPERATING
0.00
0.00
0.00
con:INVESTMENTS_PURCHASED
27,434.00
19,615.00
44,510.00
con:INVESTMENTS_SOLD
27,044.00
17,571.00
40,966.00
con:PPE_DISPOSALS
10.00
5.00
15.00
con:CF_INVESTING.SUBSIDIARIES_SOLD
0.00
0.00
0.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED
0.00
0.00
0.00
con:CF_INVESTING.JV_SOLD
0.00
0.00
0.00
con:CF_INVESTING.JV_ACQUIRED
0.00
0.00
0.00
Revenue account (policyholders), as filed
Line
2025-03-31
2025-06-30
2025-09-30
2025-12-31
2026-03-31
2026-06-30
Premium earned
35,537.00
9,424.00
9,455.00
9,771.00
38,672.00
9,747.00
Net premium written
36,509.00
10,902.00
8,869.00
9,717.00
39,551.00
11,298.00
Income from investments, net
5,701.00
1,657.00
2,884.00
1,658.00
8,017.00
1,553.00
Claims incurred
34,282.00
9,381.00
10,247.00
8,858.00
38,060.00
10,036.00
Claims paid
32,189.00
8,286.00
8,772.00
8,770.00
34,646.00
9,370.00
Commission, net
3,641.00
934.00
922.00
1,048.00
3,865.00
954.00
Operating expenses related to insurance business
3,750.00
864.00
1,843.00
1,605.00
5,629.00
1,100.00
Premium deficiency
0.00
0.00
0.00
0.00
0.00
0.00
Underwriting profit or loss
-6,136.00
-1,754.00
-3,556.00
-1,741.00
-8,882.00
-2,343.00
Transfer to the profit and loss account
-435.00
-98.00
-672.00
-83.00
-865.00
-790.00
Profit and loss account (shareholders), as filed
Line
2025-03-31
2025-06-30
2025-09-30
2025-12-31
2026-03-31
2026-06-30
Income in the shareholders' account
1,990.00
743.00
330.00
723.00
3,120.00
-164.00
Shareholders' income from investments
2,333.00
638.00
1,110.00
641.00
3,093.00
600.00
Shareholders' other income
93.00
202.00
-108.00
166.00
892.00
27.00
Transfer from the policyholders' account
-435.00
-98.00
-672.00
-83.00
-865.00
-790.00
Non-operating expense
968.00
351.00
307.00
351.00
1,887.00
15.00
Profit before exceptional items and tax
1,023.00
391.00
23.00
372.00
1,233.00
-179.00
con:EXTRAORDINARY_ITEMS
0.00
0.00
0.00
0.00
0.00
0.00
Profit for the period
972.00
392.00
20.00
377.00
1,354.00
-244.00
Profit carried to the balance sheet
1,037.00
400.00
54.00
380.00
1,412.00
-243.00
Transfer to reserves
0.00
0.00
0.00
0.00
0.00
0.00
Final dividend
0.00
0.00
0.00
0.00
0.00
0.00
Earnings per share, basic
6.29
2.43
0.33
2.31
8.57
-1.47
Other income
0.00
0.00
0.00
0.00
0.00
0.00
con:OTHER_OPERATING_EXPENSES
1,118.00
197.00
328.00
297.00
1,141.00
304.00
con:INS.PROVISIONS_DOUBTFUL
-83.00
1.00
0.00
0.00
4.00
-0.00
con:INS.PROVISIONS_DOUBTFUL_NON_OPERATING
717.00
186.00
0.00
0.00
2.00
-0.00
con:INS.NON_OPERATING_EXPENSE_OTHER
221.00
161.00
300.00
345.00
1,861.00
9.00
Funds and assets, as filed
Line
2025-03-31
2025-06-30
2025-09-30
2025-12-31
2026-03-31
2026-06-30
Paid-up equity share capital
824.00
824.00
824.00
824.00
824.00
824.00
Investments — policyholders' fund
56,161.00
61,360.00
58,836.00
59,177.00
54,788.00
57,847.00
Investments — shareholders' fund
24,782.00
25,289.00
24,815.00
25,080.00
23,379.00
24,156.00
Other assets net of current liabilities
-36,712.00
-39,972.00
-40,058.00
-40,667.00
0.00
-41,386.00
Total assets
44,230.00
46,677.00
43,592.00
43,590.00
78,166.00
40,617.00
Investments
80,942.00
86,649.00
83,651.00
84,257.00
78,166.00
82,003.00
Reserves and surplus
21,932.00
—
22,232.00
—
23,802.00
—
Borrowings
0.00
—
0.00
—
0.00
—
con:LOANS
387.00
—
404.00
—
430.00
—
Property, plant and equipment
538.00
—
522.00
—
526.00
—
Current assets
27,632.00
—
25,859.00
—
30,977.00
—
Current liabilities
47,966.00
—
47,373.00
—
53,529.00
—
con:PROVISIONS
17,575.00
—
19,740.00
—
18,227.00
—
Solvency and underwriting ratios, as filed
Line
2025-03-31
2025-06-30
2025-09-30
2025-12-31
2026-03-31
2026-06-30
Solvency ratio
0.00
0.00
0.00
0.00
0.00
0.00
Combined ratio
0.00
0.00
0.00
0.00
0.00
0.00
Incurred claim ratio
0.00
0.00
0.00
0.00
0.00
0.00
Expenses of management ratio
0.00
0.00
0.00
0.00
0.00
0.00
Gross NPAs — policyholders' fund
151.00
151.00
151.00
151.00
150.00
146.00
Gross NPAs, per cent — policyholders' fund
0.00
0.00
0.00
0.00
0.00
0.00
con:INS.NPA_NET_PCT_POLICYHOLDERS
0.00
0.00
0.00
0.00
0.00
0.00
con:INS.SHAREHOLDING_PCT
0.00
0.00
0.00
0.00
0.00
0.00
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
Holder
2023-03-31
2023-06-30
2023-09-30
2023-12-31
2024-03-31
2024-06-30
2024-09-30
2024-12-31
2025-03-31
2025-06-30
2025-09-30
2025-12-31
2026-03-31
2026-06-30
Promoter and promoter group
85.44
85.44
85.44
85.44
85.44
85.44
85.44
85.44
85.44
85.44
0.85
0.85
0.85
0.85
Domestic institutions
11.93
11.93
11.94
11.71
11.76
11.65
11.27
11.18
11.20
11.19
0.11
0.11
0.11
0.11
Mutual funds
—
—
—
—
—
—
—
—
—
0.07
0.00
0.00
0.00
0.00
Insurance companies
10.79
10.79
10.79
10.79
10.81
10.82
10.80
10.80
10.80
10.80
0.11
0.11
0.11
0.11
Foreign institutions
0.65
0.67
0.69
0.77
0.82
0.80
0.87
0.84
0.91
1.01
0.01
0.01
0.01
0.01
Government
—
—
—
—
—
—
—
—
—
0.00
0.00
0.00
0.00
0.00
Public
14.56
14.56
14.56
14.56
14.56
14.56
14.56
14.56
14.56
14.56
0.15
0.15
0.15
0.15
Non-institutional
1.98
1.97
1.94
2.08
1.99
2.12
2.42
2.54
2.45
2.37
0.02
0.02
0.02
0.02
Shares outstanding
1648000000
1648000000
1648000000
1648000000
1648000000
1648000000
1648000000
1648000000
1648000000
1648000000
1648000000
1648000000
1648000000
1648000000
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
Counterparty
Relationship
Type
Amount in the period
Transactions
Health Insurance TPA of India Ltd., Mumbai, India
Associates
Any other transaction
182,299,000.00
1
India International Insurance Pte. Ltd., Singapore.
Associates
Any other transaction, Dividend received, Sale of go
130,847,000.00
8
The New India Assurance Co. (T&T) Ltd
Subsidiaries
Dividend received, Sale of goods or services
35,429,000.00
5
KMP
Key management personnel of entity
Remuneration
27,048,000.00
1
Prestige Assurance Plc. – Lagos, Nigeria
Subsidiaries
Dividend received, Sale of goods or services
15,168,000.00
3
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
30% of PAT is what we strive to distribute as dividend.
Costs
—
So, at present we are going slow on this front. — Interviewer: — Okay, it works because the government itself is acting as a reinsurance? — Interviewe…
—
So we, the insurance company being a capital intensive industry, capital is the raw material for future growth.
Debt and cash
—
—
—
So firstly I would like to know, do you have any capital allocation strategy in place and how and where will we deploy the cash flow generator?
Demand
As the Indian economy continues to grow, disposable incomes are increasing leading to a growing demand for insurance products.
They are giving us the other business also, fire business is there, marine is there, miscellaneous is there, and that is very, very profitable, so whe…
—
—
Guidance
Firstly, what would be the combined ratio guidance for the next half and for FY '25 and'26?
—
I wanted to know what is the combined ratio outlook for FY '25 and FY '26?
So and also if you can just give guidance whether the company will be able to maintain the gross margin of mid-team growth for FY'25 and FY'26?
Margin
Our future strategy would continue to be maintaining or increasing the market share and leveraging the benefits of economies of scale driven by growth…
So to that extent, if we have some margin in TP, because in private cars loss ratio of third party is less, two- wheelers' loss ratio in third party i…
Coming to the future strategy, we continue to focus on the increasing return on equity by maintaining or increasing the market share and leveraging th…
So the sustainable revenue from this, the EBITDA margin for the company, what is the EBITDA margin for the company?
People
—
—
—
Other than some small dips here and there thrown by the natural attrition.
Pricing
Some of the steps which I have mentioned earlier were regarding the claim processing, but we also have a new scientific and dynamic pricing tool for m…
And now, the clawback of that discounting, it's taking more time than anticipated, because all of us got used to lower pricing as far as OD is concern…
I would like to convey to our stakeholders that your company, which is categorised as a domestic systemically important insurer, is fundamentally robu…
One is the surety bond which helps in the infrastructure development for the country, then title bonds which helps the real estate industry and we are…
Revenue growth
New India has capitalized on this growth and we have registered a year-on-year growth of about 32.54%.
—
While the direct premium growth has been lower, the gross written premium witnessed a growth of 15.38% in the third quarter, and 10.5% for the nine-mo…
So, last question, if you can elaborate on the segment wise growth, we have seen in this financial year, and also how has been the revenue growth each…