New India Assurance Q2 FY25 results: Revenue up 2.5% YoY to Rs 10,090 crore, PAT turns profitable to Rs 71 crore vs a loss of Rs 200 crore

The New India Assurance Company Limited reported its Q2 FY25 financial results, showcasing steady growth in revenue. Here are the key highlights:

Key Financials

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  • 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.