New India Assurance Swings to Loss of 1,267 Crore in September Quarter
State-owned insurer New India Assurance posted a second-quarter net loss of 1,267 crore rupees, against a 63 crore profit a year earlier, according to Moody's.
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what happened
State-owned insurer New India Assurance recorded a net loss of 1,267 crore rupees for the September quarter, compared with a 63 crore profit in the same period last year. According to Moody's, the deterioration came from wider underwriting losses, as adverse claims in property, motor and health insurance piled up.
Gross written premium grew 5.14% year on year, to 11,083 crore rupees from 10,541 crore. Chairman and managing director Lavanya R Mundayur called this quarter one of the most challenging in recent times, following another difficult stretch for the entire industry.
She said the property segment took significant underwriting losses from several large-risk claims and flood damage in Gujarat, north India and northeast India. Premium growth was held back mainly by a steep fall in property rates.
why it matters
For markets, this points to pressure on profits across Indian insurers, as falling property rates and natural disasters hit results from two sides. A quarterly loss at a state-owned company also matters to investors tracking its financial health.
market impact
New India Assurance shares: quarterly loss and rising claims weigh on the stock
- New India Assurance shares pressure down — quarterly loss and wider underwriting losses weigh on the stock
tags
instruments
sources
- New India Slips into Red with 1,267 cr Loss — Moody's, 31 October 2026 at 04:12 UTC
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