The New India Assurance Company Limited reported its Q2 FY25 financial results, showcasing steady growth in revenue. Here are the key highlights:
Key Financials
- Revenue from operations reached ₹10,090 crore, marking a 2.5% increase from ₹9,840 crore in Q2 FY24.
- Gross Premiums Written stood at ₹9,620 crore, compared to ₹9,397 crore in the previous year.
- Net Premium Written increased to ₹8,067 crore from ₹7,894 crore in Q2 FY24, indicating a consistent growth trajectory.
- Premium Earned (Net) was ₹8,525 crore, slightly up from ₹8,205 crore year-on-year.
Profitability
- Profit After Tax (PAT) for the quarter came in at ₹71 crore, showing an improvement from a loss of ₹200 crore in Q2 FY24.
- Income from Investments (Net) totaled ₹1,565 crore, down slightly from ₹1,637 crore year-on-year.
This performance reflects the company’s ongoing efforts to strengthen its premium base and enhance profitability through prudent investment strategies.
Disclaimer: This article is for informational purposes only and should not be considered as financial advice. Please consult with a financial advisor for investment decisions.