New India Assurance 107th AGM on July 27, 2026: Record GWP & 40% PAT Growth
The New India Assurance Company Limited has scheduled its 107th AGM for July 27, 2026, via video conferencing. The company reported record Global GWP of ₹47,174 Crore and a 40% PAT growth to ₹1,384 Crore for FY 2025-26, with domestic market share expanding to 12.74%. A final dividend of ₹1.50 per share has been proposed, and AM Best revised the company's rating outlook to Positive.
*this image is generated using AI for illustrative purposes only.
The New India Assurance Company Limited will convene its 107th Annual General Meeting (AGM) on Monday, July 27, 2026, at 11:30 a.m. IST through Video Conferencing / Other Audio-Visual Means (VC/OAVM), in compliance with Ministry of Corporate Affairs circulars dated September 22, 2025. Shareholders can participate only through the virtual facility provided by the company. The AGM notice and Annual Report 2025-26 are available on the company's website at www.newindia.co.in , as well as on the websites of BSE Limited and National Stock Exchange of India Limited.
AGM Key Dates and E-Voting Details
The company has engaged Central Depository Services Limited (CDSL) to facilitate remote e-voting for members. The following table summarises the key event dates:
| Key Event: | Date and Time |
|---|---|
| 107th AGM | July 27, 2026, at 11:30 a.m. IST |
| Remote E-voting Start | July 24, 2026, at 9:00 a.m. |
| Remote E-voting End | July 26, 2026, at 5:00 p.m. |
| Cut-off Date for Voting | July 20, 2026 |
| Record Date for Dividend | July 10, 2026 |
| Date of Dividend Payment | July 28, 2026 |
| Notice Dispatch Date | July 5, 2026 |
The e-voting module during the meeting will be disabled 15 minutes after the conclusion of the AGM. Members attending the meeting through video conferencing will be counted for the purpose of reckoning the quorum under Section 103 of the Companies Act, 2013.
AGM Business Agenda
The 107th AGM will transact the following ordinary and special business items:
| Item No.: | Resolution |
|---|---|
| Item 1 | Adoption of Audited Financial Statements for FY 2025-26 |
| Item 2 | Declaration of final dividend of ₹1.50 per equity share for FY 2025-26 |
| Item 3 | Authorisation of Board to fix remuneration of Joint Statutory Auditors for FY 2026-27 |
| Item 4 | Re-appointment of Ms. Girija Subramanian, CMD (DIN: 09196957), who retires by rotation |
| Item 5 | Appointment of Mr. S. Sivasankar as Executive Director w.e.f. February 20, 2026 |
| Item 6 | Appointment of Mr. Hari Har Mishra as Government Nominee Director w.e.f. June 25, 2026 |
Financial Performance: Record Premiums and Profit Growth
The New India Assurance Company delivered a strong financial performance for the year ended March 31, 2026. The following table presents the key financial highlights:
| Metric: | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Global Gross Written Premium (GWP) | ₹47,174 Crore | ₹43,618 Crore |
| Gross Direct Premium (India) | ₹42,831 Crore | ₹38,624 Crore |
| Global Profit After Tax (PAT) | ₹1,384 Crore | ₹988 Crore |
| PAT Growth | ~40% | — |
| Q4 PAT | ₹558 Crore | — |
| Q4 PAT Growth | ~61% | — |
| Solvency Ratio | 1.84x | 1.91x |
| Domestic Market Share | 12.74% | 12.56% |
| Final Dividend per Share | ₹1.50 | ₹1.80 |
| Earnings per Share (Basic) | ₹8.40 | ₹6.00 |
Global GWP reached an all-time high of ₹47,174 Crore, up from ₹43,618 Crore in the previous fiscal, recording 8.15% growth. Domestic gross direct premium stood at ₹42,831 Crore, reflecting 10.89% growth. The company's domestic business outpaced the general insurance industry average, successfully reversing the recent trend of decreasing market share and expanding its position from 12.56% to 12.74%.
The Global PAT registered an exceptional 40% growth for the full year to close at ₹1,384 Crore, compared to ₹988 Crore in the previous year, catalysed largely by a phenomenal 61% spike in fourth-quarter PAT, which reached ₹558 Crore. The company's solvency ratio stood at 1.84x, well above the statutory mandate of 1.50x.
Segment Performance and Portfolio Overview
The Health and Personal Accident portfolio remains the largest business vertical at 47.57%, followed by Motor at 25.81% and Fire at 14.62%. The Fire segment achieved a gross direct premium of ₹4,834.55 Crore with 22.22% growth and a market share of 17.56%, while the Engineering segment recorded a premium of ₹1,191.18 Crore with 10.45% growth and a market share of 17.51%. The Health LOB completed a premium of ₹21,531 Crore in FY 2025-26. The Motor Insurance portfolio recorded a premium income of ₹10,727 Crore, with the claim settlement ratio improving to 94.40% compared to 94.13% in the previous year.
The company's Broker vertical completed ₹18,595.57 Crore in premium with an accretion of 14.83%, while the Agency channel contributed ₹11,545.67 Crore with 3.94% accretion. The Bancassurance channel generated premium income of ₹250+ Crore during the year. The company's Marine segment secured a commanding 17.76% market share with an overall marine premium of ₹1,033.90 Crore, and the Aviation Department sustained a market share of 40.05% with 15% premium growth.
Key Operational and Strategic Highlights
The company successfully absorbed a monumental financial impact of ₹3,525 Crore during the year on account of employee wage and family pension revisions, including ₹597 Crore in Q4 FY26 alone to address the government-notified family pension hike from 15% to 30%. These non-recurring payouts were cushioned by excellent yields from the investment portfolio.
Global credit rating agency AM Best revised New India Assurance's rating outlook to "Positive" from "Stable", while reaffirming its Financial Strength Rating of B++ (Good). CRISIL has reaffirmed its Corporate Credit Rating of CCR AAA/Stable, held continuously since 2014. The company plays a core role in the newly established Bharat Maritime Insurance (BMI) Pool, backed by a ₹12,980 Crore sovereign guarantee, extending an underwriting capacity of approximately ₹100 Crore for war and conflict-related risks.
As of March 31, 2026, the company operates a network of 1,594 domestic offices and has a presence across 24 countries. The total employee strength stood at 10,405 as on March 31, 2026. The company's paid-up equity share capital as on March 31, 2026 is ₹824 Crore.
Participation and Contact Information
Members can attend and participate in the AGM through VC/OAVM facility only. For any queries or grievances relating to e-voting, members can contact Alankit Assignments Limited at 205-208, Anarkali Complex, Jhandewalan Extension, New Delhi - 110055, or via email at rta@alankit.com . Members seeking information with regard to accounts or any matter to be placed at the AGM are requested to write to the Company on or before Friday, July 17, 2026, through email at investors@newindia.co.in .
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE470Y01017/641b863b-48e7-47fb-b809-8d1191f360cf.pdf
Historical Stock Returns for The New India Assurance Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.08% | -2.77% | -11.23% | +20.76% | -6.53% | +9.27% |
Given the solvency ratio declining from 1.91x to 1.84x despite strong profit growth, how might the ₹3,525 crore employee wage revision impact New India Assurance's capital adequacy and future dividend payout capacity?
With AM Best revising the outlook to 'Positive', what milestones would New India Assurance need to achieve to secure a full credit rating upgrade, and how could that affect its international expansion across 24 countries?
How might New India Assurance's growing role in the Bharat Maritime Insurance Pool leverage its existing 40% aviation market share to capture emerging defense and geopolitical risk underwriting opportunities?
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