New India Assurance Q4 PAT Up 61% YoY

New India Assurance reported a 40% YoY rise in FY26 net profit to ₹1,384 crore and a 61% YoY jump in Q4 PAT to ₹558 crore.
Gross Direct Premium grew 10.9% YoY to ₹42,822 crore, outpacing the industry's 9.3% growth and increasing market share to 12.74%.
The combined ratio worsened to 122.57% due to a one-time wage revision cost of ₹3,525 crore; adjusted for this, the ratio was 116.67%.
Management outlined a 'Go Retail' strategy for FY27, focusing on health and retail segments while strategically recalibrating the high-loss Motor portfolio.