The New India Assurance Company logo

The New India Assurance Company share price

NSE: NIACLBSE: 540769InsuranceSmall Cap

The New India Assurance Company Limited · Face value ₹5 · Listed Nov 2017 · Issue price ₹800
Last close ₹164.44up ₹0.85 (0.52%)BSE ₹164.20

Share price at the NSE close on 28 Oct 2026. Previous close ₹163.59.

28 Oct: open ₹163.59, high ₹165.59, low ₹160.74

52-week range of traded prices to 28 Oct 2026
₹116.97Low, 30 Mar 2026₹242.60High, 7 Sep 2026
Market cap
₹27,100 Cr306th largest listed
P/E
37.78
P/B
1.11
Dividend yield
0.91%
ROE
3.0%
Solvency
1.80times the capital required
Gross premium
₹47,580 Cr
Combined ratio
122.42%
Claims ratio
98.42%
Expense ratio
21.80%
Volume, NSE
5,60,04428.3% delivered

The New India Assurance Company share price chart

Daily closes since Nov 2017, adjusted for splits and bonuses

−13.0%over a year · Nifty 500 −8.8%

Results20-session average 76,55,038 shares a day, 24.2% delivered

About The New India Assurance Company

The New India Assurance Company Limited is a Mumbai-based general insurer: it sells non-life insurance (cover for property, health, vehicles and other risks rather than lives) and reinsurance.1 It insures individuals for health, motor, property and personal accident, large companies and infrastructure projects for engineering, marine and liability risks, and clients abroad.2

Its products include Paripoorna Mediclaim Ayush Bima for central government health scheme members, the New India Bharat Flexi Griha Raksha long-term policy, and Udyam Bima, Bima Sathi and New India Mahila Udyam Bima for small businesses and women entrepreneurs.34 It was incorporated on 23 July 1919 and began operating abroad in 1920, with a branch in London.15 It has insurance subsidiaries in Nigeria (Prestige Assurance Plc) and Trinidad and Tobago, and holds a stake in India International Insurance Pte. Ltd. of Singapore.6 It is present in 24 countries, including 1 through an associate, with 19 branch offices in 9 countries and 7 agency offices in 6 countries.7

The Government of India is its majority owner and appoints its directors.89 It has been identified as a Domestic Systemically Important Insurer, an insurer whose failure would affect the wider financial system.10

The New India Assurance Company key points

Results

  • In the year to Mar 2026, standalone global gross written premium (all premium written before passing risk to reinsurers; standalone means the company's own accounts, without subsidiaries) rose 8% to ₹47,174 crore from ₹43,618 crore.11
  • In the year to Mar 2026, standalone profit after tax was ₹1,384 crore against ₹988 crore a year earlier; profit before tax was ₹1,261 crore, investment income ₹11,112 crore and net worth including fair value ₹37,497 crore.1213
  • In the quarter to Jun 2026, standalone gross written premium rose 2.9% to ₹13,720 crore, and the company reported a loss after tax of ₹257 crore against a profit of ₹391 crore a year earlier.141513
  • Chairperson Girija Subramanian said motor third-party insurance (cover for harm caused to others) hurt the quarter to Jun 2026, as its premium rates did not rise while claim costs did.16

Market position

  • In its release of 12 Dec 2025, AM Best, a credit rating agency, described the company as the largest non-life insurer in India by gross premiums written.17
  • In the quarter to Jun 2026, the company's domestic gross direct premium (premium on policies it writes itself, before reinsurance) grew 3% and its market share rose to 14.45% from 12.74% the quarter before.18
  • Market share by line of business in India1920
    Itemyear to Mar 2026
    Aviation40.05%
    Marine17.76%

Business segments

  • Premium by line, as the company reports each212223
    Itemyear to Mar 2026
    Health, including retail, group and government business₹21,531 crore
    Motor₹10,727 crore
    Fire₹4,834.55 crore
    Engineering₹1,191.18 crore
  • In motor third-party insurance, 1,60,153 claims were pending at the end of the year to Mar 2026, and the claim settlement ratio (claims settled as a share of claims to be dealt with) for the year was 30.15%.24
  • The company covers 16.78 crore lives under the Pradhan Mantri Jan Dhan Yojana and 7.88 crore under the Pradhan Mantri Suraksha Bima Yojana, a ₹2 lakh accident cover costing ₹20 a year.2526

Investments, capital and risk retention

  • At the end of June 2026, the company's investment assets were ₹99,980 crore at market value.27
  • The company's solvency ratio (capital as a multiple of the regulator's requirement) was 1.80 times at the end of June 2026; the regulatory minimum is 1.50 times.2728
  • The company keeps at most ₹775 crore of probable maximum loss (the largest loss expected from one event) on any single risk for its own account.29

Branches and reach

  • At 31 Mar 2026 the company had 1,594 offices, including the head office and 28 regional offices, after closing 76 unviable offices during the year.30
  • The company had 1,26,005 agents at 31 Mar 2026; agents brought in ₹11,545.67 crore of premium in the year to Mar 2026, 26.96% of its domestic premium.31
  • Insurance brokers brought in ₹18,595.57 crore of premium in the year to Mar 2026, up 14.83%.32

What the company expects

  • In its presentation of 24 Jul 2026, the company said its priorities for the year to Mar 2027 include new retail and small business products, growth in segments other than motor and health, and steps to improve its global credit rating.33
  • The company stated in its annual report for the year to Mar 2026 that under its "GO Retail" directive for the year to Mar 2027 it is expanding in rural areas and smaller towns.34

Recent events

  • On 17 Apr 2026, the company reported that Crisil had reaffirmed its AAA/Stable rating, which Crisil defines as carrying the highest degree of safety for timely servicing of debt.35
  • On 12 Dec 2025, AM Best revised its outlook to positive from stable and affirmed its B++ (Good) financial strength rating, citing improving risk management.36

Litigation and regulatory matters

  • In its exchange filing of 30 Dec 2025, the company said a GST order for April 2018 to March 2023 dropped ₹21,87,94,90,946 of a ₹22,98,06,69,251 demand, upheld the rest with interest and penalty, and was being challenged; its documents give no outcome.37
  • The Comptroller and Auditor General found that interest and penalty of ₹1,341.09 crore on 51 GST demand cases were left out of the contingent liabilities for the year to Mar 2026; the company replied that it took corrective action in the year to Mar 2027.38
  • The auditors qualified their opinion (stated an exception) on both the standalone and consolidated accounts for the year to Mar 2026 because inter-office balances, bank transactions and reinsurer dues were unreconciled, an impact they called not ascertainable.3940
  • In its annual report for the year to Mar 2026, the company said BSE and NSE fined it for each quarter from Jun 2025 to Mar 2026 over a board lacking the required independent directors; it had sought a waiver, with no outcome given.41

Last updated

All 41 sources, each with its page
  1. 1. Annual report, 26 Jul 2026, page 110
  2. 2. Annual report, 26 Jul 2026, page 111
  3. 3. Annual report, 26 Jul 2026, page 45
  4. 4. Annual report, 26 Jul 2026, page 52
  5. 5. Annual report, 26 Jul 2026, page 43
  6. 6. Annual report, 26 Jul 2026, page 44
  7. 7. Annual report, 26 Jul 2026, page 306
  8. 8. Exchange filing, 12 Dec 2025, page 2
  9. 9. Annual report, 26 Jul 2026, page 86
  10. 10. Annual report, 26 Jul 2026, page 54
  11. 11. Annual report, 26 Jul 2026, page 43
  12. 12. Annual report, 26 Jul 2026, page 4
  13. 13. Investor presentation, 24 Jul 2026, page 7
  14. 14. Investor presentation, 24 Jul 2026, page 4
  15. 15. Investor presentation, 24 Jul 2026, page 6
  16. 16. Investor presentation, 24 Jul 2026, page 4
  17. 17. Exchange filing, 12 Dec 2025, page 3
  18. 18. Investor presentation, 24 Jul 2026, page 12
  19. 19. Annual report, 26 Jul 2026, page 48
  20. 20. Annual report, 26 Jul 2026, page 47
  21. 21. Annual report, 26 Jul 2026, page 45
  22. 22. Annual report, 26 Jul 2026, page 46
  23. 23. Annual report, 26 Jul 2026, page 44
  24. 24. Annual report, 26 Jul 2026, page 47
  25. 25. Annual report, 26 Jul 2026, page 46
  26. 26. Annual report, 26 Jul 2026, page 50
  27. 27. Investor presentation, 24 Jul 2026, page 4
  28. 28. Annual report, 26 Jul 2026, page 64
  29. 29. Annual report, 26 Jul 2026, page 150
  30. 30. Annual report, 26 Jul 2026, page 44
  31. 31. Annual report, 26 Jul 2026, page 50
  32. 32. Annual report, 26 Jul 2026, page 49
  33. 33. Investor presentation, 24 Jul 2026, page 18
  34. 34. Annual report, 26 Jul 2026, page 12
  35. 35. Exchange filing, 17 Apr 2026, page 1
  36. 36. Exchange filing, 12 Dec 2025, page 2
  37. 37. Exchange filing, 30 Dec 2025, page 1
  38. 38. Annual report, 26 Jul 2026, page 168
  39. 39. Annual report, 26 Jul 2026, page 153
  40. 40. Annual report, 26 Jul 2026, page 234
  41. 41. Annual report, 26 Jul 2026, page 86

Results

Standalone, as consolidated accounts are on record for only 6 of the last ten years; ₹ crore. Gross premium is what policyholders paid in the period, before the part passed on to reinsurers.The New India Assurance Company quarterly results

Gross premium growth, 12 months
+10.5%
Net profit growth, 12 months
−36.6%

Quarter to Jun 2026, against the quarter before

Gross premium
₹13,720 Cr
Net profit
−₹257 CrQuarter to Mar 2026: ₹558 Cr

Gross premium by quarter

₹9,620 CrSep 24₹10,778 CrDec 24₹11,433 CrMar 25₹13,334 CrJun 25₹10,541 CrSep 25₹11,680 CrDec 25₹11,619 CrMar 26₹13,720 CrJun 26
Peak gross premium ₹13,720 Cr, quarter to Jun 2026; lowest ₹9,620 Cr, quarter to Sep 2024

Net profit by quarter, a loss in red

  • Net profit
  • Loss
₹71 CrSep 24₹353 CrDec 24₹347 CrMar 25₹391 CrJun 25₹63 CrSep 25₹372 CrDec 25₹558 CrMar 26−₹257 CrJun 26
A loss in the quarter to Jun 2026, −₹257 CrA loss in 1 of the 8 quarters shown
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Gross premium9,62010,77811,43313,33410,54111,68011,61913,720
Net profit7135334739163372558−257
Standalone. The last eight quarters. The latest is shaded.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Health including personal accident₹21,395 Crup 14.38%54.1%
  • Motor₹11,722 Crup 1.12%29.6%
  • Fire₹3,234 Crup 11.23%8.2%
  • Other Miscellaneous₹1,262 Crup 16.77%3.2%
  • Marine₹649 Crup 8.31%1.6%
  • Liability₹541 Crup 1.28%1.4%
  • Engineering₹520 Crup 3.03%1.3%
  • Crop₹136 Crdown 71.94%0.3%
  • Aviation₹93 Cr0.2%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.The New India Assurance Company PE ratio and valuation

Price to earnings

At or below today's level on 61% of 1,219 trading days over the last 5 years.

LowestHighest
Its median30.07Industry median32.48
Price to book

At or below today's level on 38% of 1,886 trading days since Feb 2019.

LowestHighest
Its median1.19Industry median4.40
Dividend yield

At or below today's level on 54% of 2,156 trading days since Jan 2018.

LowestHighest
Its median0.84%Industry median0.54%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−22.5%+40.0%−45.5%1.3%
3 years+7.7%+9.5%−2.6%1.1%
5 years−4.1%−2.9%−2.4%1.1%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.The New India Assurance Company shareholding pattern

Shareholding by group

  • Promoters85.44%
  • Foreign institutions0.92%
  • Indian institutions11.19%
  • Individuals and others2.46%
Holder
Government of India in The Name of President of IndiaPromoter85.44%
Life Insurance Corporation of IndiaInsurance companies8.67%
General Insurance Corporation of IndiaInsurance companies1.31%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −0.10 pts, Indian institutions +0.01 pts, mutual funds +0.02 pts.

Mutual fund holdings

50 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 27 of the 28 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 50 funds holding The New India Assurance Company

Bought for the first time
18
Added
11
Cut
17
Held unchanged
2
Sold out
34
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

The New India Assurance Company competitors and peers

Insurance, 13 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to The New India Assurance Company in market cap.Finance companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
ICICI Life Insurance logoICICI Life InsuranceICICILIFE59,79133.984.09+15.2%+34.0%12.9%–0.40%
General Insurance Corporation of India logoGeneral Insurance Corporation of IndiaGICRE57,0366.410.93+4.3%+4.0%15.8%–4.08%
Max Financial Services logoMax Financial ServicesMFSL42,263–7.39+17.6%––4.1%0.00%
Star Health and Allied Insurance Company logoStar Health and Allied Insurance CompanySTARHEALTH30,56429.004.03–+97.7%14.4%–0.00%
Go Digit General Insurance logoGo Digit General InsuranceGODIGIT24,24849.245.12+8.3%+6.6%11.0%–0.00%
Niva Bupa Health Insurance Company logoNiva Bupa Health Insurance CompanyNIVABUPA13,462––––––0.00%
Canara HSBC Life Insurance Company logoCanara HSBC Life Insurance CompanyCANHLIFE11,74887.957.17––8.4%–0.32%
Medi Assist Healthcare Services logoMedi Assist Healthcare ServicesMEDIASSIST2,21623.772.64+27.4%−1.3%13.5%11.2%0.67%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record; for ROCE and EV/EBITDA, where the company is a lender or an insurer. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page. Income growth is the growth of everything the company earns: interest, fees, premiums and the rest.

Dividends

Per share, by the year it was paid for, and the latest payments.The New India Assurance Company dividend history

Dividend per share, ₹, restated for later splits and bonuses

6.9Mar 181.5Mar 19Mar 20Mar 210.3Mar 221.9Mar 232.1Mar 241.8Mar 251.5Mar 26
Highest ₹6.88 a share, year to Mar 2018.
Ex-dateTypePer share
10 Jul 2026Final₹1.50
4 Sep 2025Final₹1.80
6 Sep 2024Final₹2.06
8 Sep 2023Final₹1.93
25 Aug 2022Final₹0.30
18 Jul 2019Final₹1.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.The New India Assurance Company announcements

The New India Assurance Company share price by year

Each calendar year to 2025.The New India Assurance Company share price history

YearClose at year endChangeHighest closeLowest close
2025155.82−23.1%206.70142.11
2024202.52−3.7%304.40170.56
2023210.35+67.3%255.2095.00
2022125.75−10.3%143.9578.60
2021140.25+8.8%187.70126.75
2020128.85−4.9%166.0578.25
2019135.45−24.6%205.5094.90
2018179.75−40.2%373.98176.05
2017300.55–363.55273.13
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2017 is from its first session, 13 Nov 2017.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 2026162.80165.47161.20163.59163.549,13,80734.2%
26 Oct 2026159.80163.88157.30161.40160.9210,25,48123.4%
23 Oct 2026165.05165.25157.76159.80160.359,70,83634.5%
22 Oct 2026168.80170.23165.02165.83166.427,11,43427.0%
21 Oct 2026173.50175.00167.32168.78170.077,65,53433.1%
19 Oct 2026180.88182.33173.04174.01176.279,69,94126.6%
16 Oct 2026182.76184.25179.03179.57181.0014,39,48418.2%
15 Oct 2026183.00185.30181.00183.29183.2214,19,70018.9%
14 Oct 2026188.05189.78183.60185.40187.0541,68,10413.0%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
27 Jun 2018Bonus0.5000Holders received 1 bonus share for every 1 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson and managing director
LAVANYA R MUNDAYUR
At the end of the quarter to Sep 2026
NSE symbol
NIACL
BSE code
540769
ISIN
INE470Y01017
Industry
Insurance
CIN
L66000MH1919GOI000526
Corporate identity number, the registrar of companies' code for it
Incorporated
1919
Registered office
87, M.G. Road, Fort, Mumbai 400001, Maharashtra
Share registrar
MUFG Intime India Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments