The New India Assurance Co Ltd (NSE:NIACL)

Q2 2025 New India Assurance Company Ltd Earnings Call Transcript

Nov 12, 2024 / 10:30 AM GMT

Release Date Price: ₹181.07 (-2.03%)

Transcript

Key Points

Positve

The New India Assurance Co Ltd (NSE:NIACL) reported a significant increase in profit after tax, rising to INR 288 crores from INR 60 crores year-on-year.
The company's solvency ratio remains strong at 1.81 times, comfortably above the regulatory threshold of 1.5 times.
The company has maintained its market leadership with a 12.60% market share in the Indian insurance sector.
There has been a notable improvement in the claims ratio, which decreased to 98.92% from 101.03% year-on-year.
The company's net worth, including fair value change account, increased by 20.6% to INR 50,232 crores as of September 2024.

Negative

The growth in gross written premium was relatively modest at 5.6% year-on-year, which is lower than the industry average growth rate.
The combined ratio remains high at 120.76%, indicating room for improvement in operational efficiency.
The commission ratio increased to 9.41% from 8.82%, reflecting higher costs in retaining business through brokers and agents.
The motor third-party segment has seen an increase in loss ratio due to limited pricing flexibility and higher court awards.
The company faces intense competition from digital-only insurers like Digit and Acko, which are rapidly increasing their market share.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

THEE.NS - New India Assurance Company Ltd
Q2 2025 New India Assurance Company Ltd Earnings Call
Nov 12, 2024 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day. And welcome to the Q2 FY25 analyst conference call of the new India Assurance Company Limited.

As a reminder, all participant lines will be in the lesson only more and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call? Please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference has been recorded and I'll hand the conference over to Miss Mamta. Sad from then to Creative Pr Thank you and over to you, ma'am.

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Unidentified_2 [2]

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