New India Assurance FY26 PAT Up 40% Despite Higher Claims

The New India Assurance Company reported FY26 results with Gross Written Premium growth of 8.15% to ₹47,174 Cr and Profit After Tax increase of 40%.
The company's market share increased to 12.74% as domestic business grew 10.9%, outpacing the general insurance industry growth of 9.3%.
Results were impacted by ₹3,525 Cr wage and pension revisions and higher claims in Motor TP and aviation segments, resulting in a combined ratio of 122.57%.
Investment income improved significantly to ₹11,112 Cr, with capital gains doubling to ₹5,477 Cr, partially offsetting underwriting losses.