New India Assurance has reported its financial results for the third quarter of FY25, showcasing a mixed performance. The company recorded a net premium of ₹8,992 crore, reflecting a growth compared to ₹8,526 crore in Q3 FY24. The gross premium written for the quarter stood at ₹10,778 crore, compared to ₹10,667 crore in the same period last year.
The company earned ₹1,160 crore in income from investments during the quarter, slightly lower than ₹1,684 crore in Q3 FY24. Total income for the quarter reached ₹10,193 crore, showcasing stability from ₹10,630 crore in Q3 FY24.
On the expenditure front, operating expenses related to the insurance business amounted to ₹1,083 crore, compared to ₹1,278 crore in the same quarter last year. Meanwhile, incurred claims, including changes in outstanding claims, stood at ₹8,534 crore, marginally higher than ₹8,296 crore in Q3 FY24.
The underwriting loss narrowed to ₹1,450 crore in Q3 FY25 compared to ₹2,050 crore in Q2 FY25. However, the net loss for the quarter stood at ₹290 crore, impacted by claims and expenses.
These results highlight New India Assurance’s efforts to improve operational efficiencies while navigating a challenging insurance landscape.
