General information about company |
|
| Scrip code | 540769 |
| NSE Symbol | NIACL |
| MSEI Symbol | NOTLISTED |
| ISIN | INE470Y01017 |
| Name of company | The New India Assurance Company Limited |
| Class Of Security | Equity |
|---|---|
| Type Of Insurance | Non-Linked Policy |
| Date of start of financial year | 01-Apr-2024 |
| Date of end of financial year | 31-Mar-2025 |
| Date of board meeting when results were approved | 27-Jan-2025 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 17-Jan-2025 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited | Unaudited |
| Start date and time of board meeting | 27-Jan-2025 15:45 |
| End date and time of board meeting | 27-Jan-2025 21:45 |
| Whether cash flow statement is applicable on company | No |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
Format for financial results by general insurance companies filed with stock exchanges |
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| Partiuclars | Current Quarter | Year to Date Figures | |
| Date of start of reporting period | 01-Oct-2024 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Dec-2024 | 31-Dec-2024 | |
| Whether accounts are audited or unaudited | Unaudited | Unaudited | |
| OPERATING RESULTS | |||
| 1 | Operating income | ||
| (i) | Gross Premiums Written | 1085963.00 | 3244933.00 |
| (ii) | Net Premium written | 896518.00 | 2670913.00 |
| (iii) | Premium Earned (Net) | 907033.00 | 2618499.00 |
| (iv) | Income from investments (net) | 115935.00 | 404451.00 |
| (v) | Other income | ||
| i | Contribution from Shareholders Fund towards excess EOM | 0.00 | 0.00 |
| Total other income | 0.00 | 0.00 | |
| (vi) | Total income | 1022968.00 | 3022950.00 |
| 2 | Operating expenses | ||
| (i) | Commissions & Brokerage (net) | 87123.00 | 254699.00 |
| (ii) | Net commission | 87123.00 | 254699.00 |
| (iii) | Operating Expenses related to insurance business | ||
| (a) | Employees remuneration and welfare expenses | 81479.00 | 236886.00 |
| (b) | Other operating expenses | ||
| i | Other operating expenses | 28339.00 | 89609.00 |
| Total other operating expenses | 28339.00 | 89609.00 | |
| (c) | Total operating expenses related to insurance business | 109818.00 | 326495.00 |
| (iv) | Premium Deficiency | 0.00 | 0.00 |
| (v) | Incurred Claims | ||
| (a) | Claims Paid | 801306.00 | 2355069.00 |
| (b) | Change in Outstanding Claims (incl. IBNR/IBNER) | 54603.00 | 190001.00 |
| Total Incurred claims | 855909.00 | 2545070.00 | |
| (vi) | Total Expense | 1052850.00 | 3126264.00 |
| (vii) | Underwriting Profit(Loss) | -145817.00 | -507765.00 |
| (viii) | Provisions for doubtful debts (including bad debts written off) | 205.00 | 898.00 |
| (ix) | Provisions for diminution in value of investments | -698.00 | 3839.00 |
| (x) | Operating Profit/loss: | -29882.00 | -103314.00 |
| (xi) | Appropriations | ||
| (a) | Transfer to Profit and Loss A/c | -29882.00 | -103314.00 |
| (b) | Transfer to reserves | 0.00 | 0.00 |
| NON-OPERATING RESULTS | |||
| 1 | Income in shareholders' account | ||
| (a) | Transfer from Policyholders' Fund | -29882.00 | -103314.00 |
| (b) | Income from investments | 47324.00 | 167727.00 |
| (c) | Other income | ||
| i | Other income | 888.00 | 1581.00 |
| Total other income | 888.00 | 1581.00 | |
| Total income | 18330.00 | 65994.00 | |
| 2 | Expenses | ||
| (i) | Expenses other than those related to insurance business | 7806.00 | 12040.00 |
| (ii) | Provisions for doubtful debts (including bad debts written off) | 85.78 | 367.78 |
| (iii) | Provisions for diminution in value of investments | -288.06 | 1572.94 |
| Total Expense | 7603.71 | 13980.71 | |
| 3 | Profit / Loss before extraordinary items |
10726.29 | 52013.29 |
| 4 | Extraordinary Items |
0.00 | 0.00 |
| 5 | Profit/ (loss) before tax |
10726.29 | 52013.29 |
| 6 | Provision for tax |
-23700.00 | -13051.00 |
| 7 | Profit / (loss) after tax |
34426.29 | 65064.29 |
| 8 | Divident per share | ||
| (a) | Interim Dividend | 0.00 | 0.00 |
| (b) | Final dividend | 2.06 | 2.06 |
| 9 | Opening Balance and Approproations from PAT (Net) | 0.00 | 0.00 |
| 10 | Profit (loss) carried to balance sheet | 34905.29 | 101757.29 |
| 11 | Paid up equity capital | 82400.00 | 82400.00 |
| 12 | Reserve and Surplus (Excluding Revualuation Reserve) | 2148989.29 | 2148989.29 |
| 13 | Fair value change account and revaluation reserve | 2500971.00 | 2500971.00 |
| 14 | Assets | ||
| (a) | Investments | ||
| (i) | Shareholders' Fund | 2582013.00 | 2582013.00 |
| (ii) | Policyholders' Fund | 5837344.00 | 5837344.00 |
| Total investments | 8419357.00 | 8419357.00 | |
| (b) | Other Assets (Net of current liabilites and provisions) | -3682002.00 | -3682002.00 |
| Total assets | 4737355.00 | 4737355.00 | |
| Analytical Ratios | |||
| (i) | Solvency ratio | 0.02 | 0.02 |
| (ii) | Expenses of management ratio | 0.2 | 0.19 |
| (iii) | Incurred Claim Ratio | 0.94 | 0.97 |
| (iv) | Net retention ratio | 0.83 | 0.82 |
| (v) | Combined ratio | 1.16 | 1.19 |
| (vi) | Earning per share | ||
| (a) | Basic and diluated EPS before extraordinary items (net of tax expense) for the period (not to be annualized) | 2.12 | 4.12 |
| (b) | Basic and diluted EPS after extraordinary items (net of tax expense) for the period (not to be annualized) | 2.12 | 4.12 |
| (vii) | NPA ratios | ||
| (a) | Gross NPAs | 44267.98 | 44267.98 |
| (c) | Net NPAs | 0.00 | 0.00 |
| (b) | Percentage of Gross NPAs | 0.01 | 0.01 |
| (d) | Percentage of net NPAs | 0 | 0 |
| (viii) | Yield on Investments | ||
| (a) | Without unrealized gains | 2.39 | 11.43 |
| (b) | With unrealised gains | 1.65 | 8.18 |
| (ix) | Public shareholding (in case of public sector insurance companies) | ||
| (a) | Number of shares | 2400 | 2400 |
| (b) | Percentage of shareholding | 0.15 | 0.15 |
| (c) | Percentage of government holding | 0.85 | 0.85 |
| Investor Compliants | |||
| (i) | No of investor complaints pending at the beginning of the period | 0 | 0 |
| (ii) | No of investor complaints during the period | 1 | 1 |
| (iii) | No of investor complaints disposed off during the period | 1 | 1 |
| (iv) | No of investor complaints remaining unresolved at the end of the period | 0 | 0 |
| (c) | Notes Format for financial results by general insurance companies filed with stock exchanges |
| 1 Net of Reinsurance (Including Excess of Loss Reinsurance) 2 Net of amortisation and losses (Including capital gains) 3 Expense of Management ratio = (Expense of Management + Direct Commission) / Gross Direct Premium * 100. 4 Return on Equity = Profit or Loss after Tax/ Average Net Worth *100, for the quarter figures are annualized. 5 Earning per share for the quarterly figures are not annualized. 6 Yield on Investments for the quarterly figures are not annualized. 7 Figures of previous periods / year have been regrouped / re-arranged to conform to current period presentation |
Format for financial results by general insurance companies filed with stock exchanges |
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| Partiuclars | Current Quarter | Year to Date Figures | |
| Date of start of reporting period | 01-Oct-2024 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Dec-2024 | 31-Dec-2024 | |
| Whether accounts are audited or unaudited | Unaudited | Unaudited | |
| Segment Income | |||
| 1 | Fire | ||
| (i) | Net premium | 77046.00 | 216618.00 |
| (ii) | Income form investments | 15794.91 | 55101.91 |
| (iii) | Other income | 0.00 | 0.00 |
| 2 | Marine | ||
| (i) | Net premium | 14567.00 | 47432.00 |
| (ii) | Income form investments | 1752.34 | 6109.34 |
| (iii) | Other income | 0.00 | 0.00 |
| 3 | Health including personal accident | ||
| (i) | Net premium | 433404.00 | 1379147.00 |
| (ii) | Income form investments | 20233.84 | 70586.84 |
| (iii) | Other income | 0.00 | 0.00 |
| 4 | Health retail | ||
| (i) | Net premium | ||
| (ii) | Income form investments | ||
| (iii) | Other income | ||
| 5 | Health group | ||
| (i) | Net premium | ||
| (ii) | Income form investments | ||
| (iii) | Other income | ||
| 6 | Health government schemes | ||
| (i) | Net premium | ||
| (ii) | Income form investments | ||
| (iii) | Other income | ||
| 7 | Motor | ||
| (i) | Net premium | 311588.00 | 836925.00 |
| (ii) | Income form investments | 69745.40 | 243307.40 |
| (iii) | Other income | 0.00 | 0.00 |
| 8 | Retail | ||
| (i) | Net premium | ||
| (ii) | Income form investments | ||
| (iii) | Other income | ||
| 9 | Group and corporate | ||
| (i) | Net premium | ||
| (ii) | Income form investments | ||
| (iii) | Other income | ||
| 10 | Any other class as may be specified by the Authority. - Enter the name below | ||
| (1) | Other segment 1 | ||
| Name of other segment | Liability | ||
| (i) | Net premium | 12498.00 | 42150.00 |
| (ii) | Income form investments | 1799.92 | 6274.92 |
| (iii) | Other income | 0.00 | 0.00 |
| (2) | Other segment 2 | ||
| Name of other segment | Aviation | ||
| (i) | Net premium | 1112.00 | 4775.00 |
| (ii) | Income form investments | 330.08 | 1154.08 |
| (iii) | Other income | 0.00 | 0.00 |
| (3) | Other segment 3 | ||
| Name of other segment | Engineering | ||
| (i) | Net premium | 11522.00 | 35309.00 |
| (ii) | Income form investments | 2809.27 | 9802.27 |
| (iii) | Other income | 0.00 | 0.00 |
| (4) | Other segment 4 | ||
| Name of other segment | Crop | ||
| (i) | Net premium | 18065.00 | 31467.00 |
| (ii) | Income form investments | 790.63 | 2757.63 |
| (iii) | Other income | 0.00 | 0.00 |
| (5) | Other segment 5 | ||
| Name of other segment | Other Miscellaneous | ||
| (i) | Net premium | 16716.00 | 77090.00 |
| (ii) | Income form investments | 2679.77 | 9357.77 |
| (iii) | Other income | 0.00 | 0.00 |
| 11 | Unallocated | ||
| (i) | Net premium | ||
| (ii) | Income form investments | ||
| (iii) | Other income |
Format for financial results by general insurance companies filed with stock exchanges |
|||
| Partiuclars | Current Quarter | Year to Date Figures | |
| Date of start of reporting period | 01-Oct-2024 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Dec-2024 | 31-Dec-2024 | |
| Whether accounts are audited or unaudited | Unaudited | Unaudited | |
| Segment Premium Deficiency | |||
| 1 | Fire | 0.00 | 0.00 |
| 2 | Marine | 0.00 | 0.00 |
| 3 | Health including personal accident | 0.00 | 0.00 |
| 4 | Health Retail | ||
| 5 | Health Group | ||
| 6 | Health Government Schemes | ||
| 7 | Motor | 0.00 | 0.00 |
| 8 | Retail | ||
| 9 | Group And Corporate | ||
| 10 | Any other class as may be specified by the Authority. - Enter the name below | ||
| Name of Other Segment | |||
| 1 | Liability | 0.00 | 0.00 |
| 2 | Aviation | 0.00 | 0.00 |
| 3 | Engineering | 0.00 | 0.00 |
| 4 | Crop | 0.00 | 0.00 |
| 5 | Other Miscellaneous | 0.00 | 0.00 |
| 11 | Unallocated | ||
Format for financial results by general insurance companies filed with stock exchanges |
|||
| Partiuclars | Current Quarter | Year to Date Figures | |
| Date of start of reporting period | 01-Oct-2024 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Dec-2024 | 31-Dec-2024 | |
| Whether accounts are audited or unaudited | Unaudited | Unaudited | |
| Segment Underwriting Profit/Loss | |||
| 1 | Fire | 12974.00 | 717.00 |
| 2 | Marine | 4039.00 | 5498.00 |
| 3 | Health including personal accident | -83617.00 | -275203.00 |
| 4 | Health Retail | ||
| 5 | Health Group | ||
| 6 | Health Government Schemes | ||
| 7 | Motor | -86814.30 | -256636.00 |
| 8 | Retail | ||
| 9 | Group And Corporate | ||
| 10 | Any other class as may be specified by the Authority. - Enter the name below | ||
| Name of Other Segment | |||
| 1 | Liability | 2227.00 | 4487.00 |
| 2 | Aviation | -259.00 | 429.00 |
| 3 | Engineering | 3792.00 | 8851.00 |
| 4 | Crop | -1301.00 | -1780.00 |
| 5 | Other Miscellaneous | 3142.00 | 5872.00 |
| 11 | Unallocated | ||
Format for financial results by general insurance companies filed with stock exchanges |
|||
| Partiuclars | Current Quarter | Year to Date Figures | |
| Date of start of reporting period | 01-Oct-2024 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Dec-2024 | 31-Dec-2024 | |
| Whether accounts are audited or unaudited | Unaudited | Unaudited | |
| Segment Operating Profit/Loss | |||
| 1 | Fire | 28768.91 | 55818.91 |
| 2 | Marine | 5791.34 | 11607.34 |
| 3 | Health including personal accident | -63383.16 | -204616.16 |
| 4 | Health Retail | ||
| 5 | Health Group | ||
| 6 | Health Government Schemes | ||
| 7 | Motor | -17068.60 | -13328.60 |
| 8 | Retail | ||
| 9 | Group And Corporate | ||
| 10 | Any other class as may be specified by the Authority. - Enter the name below | ||
| Name of Other Segment | |||
| 1 | Liability | 4026.92 | 10761.92 |
| 2 | Aviation | 71.08 | 1583.08 |
| 3 | Engineering | 6601.27 | 18653.27 |
| 4 | Crop | -510.37 | 977.63 |
| 5 | Other Miscellaneous | 5821.77 | 15229.77 |
| 11 | Unallocated | ||
Format for financial results by general insurance companies filed with stock exchanges |
|||
| Partiuclars | Current Quarter | ||
| Date of start of reporting period | 01-Oct-2024 | ||
| Date of end of reporting period | 31-Dec-2024 | ||
| Whether accounts are audited or unaudited | Unaudited | ||
| Segment Technical Liabilities (Unexpired Risk Reserve-Net) | |||
| 1 | Fire | 172231.00 | |
| 2 | Marine | 36833.00 | |
| 3 | Health including personal accident | 621600.00 | |
| 4 | Health Retail | ||
| 5 | Health Group | ||
| 6 | Health Government Schemes | ||
| 7 | Motor | 578590.00 | |
| 8 | Retail | ||
| 9 | Group And Corporate | ||
| 10 | Any other class as may be specified by the Authority. - Enter the name below | ||
| Name of Other Segment | |||
| 1 | Liability | 26115.00 | |
| 2 | Aviation | 2909.00 | |
| 3 | Engineering | 46877.00 | |
| 4 | Crop | 0.00 | |
| 5 | Other Miscellaneous | 45249.00 | |
| 11 | Unallocated | ||
Format for financial results by general insurance companies filed with stock exchanges |
|||
| Partiuclars | Current Quarter | ||
| Date of start of reporting period | 01-Oct-2024 | ||
| Date of end of reporting period | 31-Dec-2024 | ||
| Whether accounts are audited or unaudited | Unaudited | ||
| Segment Technical Liabilities (Unexpired Claims Reserves Including IBNR & IIBNER) | |||
| 1 | Fire | 477267.00 | |
| 2 | Marine | 51859.00 | |
| 3 | Health including personal accident | 317053.00 | |
| 4 | Health Retail | ||
| 5 | Health Group | ||
| 6 | Health Government Schemes | ||
| 7 | Motor | 2621116.00 | |
| 8 | Retail | ||
| 9 | Group And Corporate | ||
| 10 | Any other class as may be specified by the Authority. - Enter the name below | ||
| Name of Other Segment | |||
| 1 | Liability | 64492.00 | |
| 2 | Aviation | 10266.00 | |
| 3 | Engineering | 80549.00 | |
| 4 | Crop | 44147.00 | |
| 5 | Other Miscellaneous | 75534.00 | |
| 11 | Unallocated | ||