The New India Assurance Reports Q4 Profit Dip Despite Operational Gains for FY25
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
The New India Assurance Company Ltd. (NIACL), an Indian general insurer, reported a marginal 2.1 per cent year-on-year decline in net profit at INR 346.6 crore for the quarter ended March 31, 2025, compared to INR 353.9 crore in the same period last year. The figures were disclosed in a regulatory filing submitted by the company on Monday.
Despite the dip in quarterly net profit, NIACL's operating performance showed notable improvement. Operating profit more than doubled to INR 516.8 crore in Q4FY25 from INR 208.8 crore in the year-ago period. The underwriting loss narrowed significantly to INR 1,142.6 crore from INR 1,682.6 crore in Q4FY24, driven by lower claims and better cost controls.
Gross written premium (GWP) in the fourth quarter rose 8.1 per cent year-on-year to INR 11,432.6 crore, signaling steady business momentum. Asset quality also improved, with the gross non-performing asset ratio falling sharply to 0.23 per cent from 0.72 per cent in the previous quarter. Operational efficiency gains were further evident as the combined ratio—a key indicator of profitability in the insurance sector—improved sequentially to 111.46 per cent from 116.28 per cent.
For the full fiscal year 2024–25, NIACL recorded an all-time high GWP of INR 43,618 crore, reflecting a 3.86 per cent increase over the INR 41,996 crore reported in FY24. However, annual net profit declined 12.86 per cent to INR 2,988 crore, down from INR 3,429 crore in the previous year. The drop was primarily due to a provision of INR 802 crore made towards legacy non-moving reinsurance balances.
Girija Subramanian, chairman & MD, NIACL, said, "It gives me great pleasure to inform you that NIACL has achieved an all-time high GWP of INR 43,618 crore in FY25, reflecting a growth of 3.86 per cent despite challenging market conditions. Even more encouraging is that our continued emphasis on profitable growth over the past several quarters is now yielding results."
Subramanian highlighted a reduction in underwriting losses by 11 per cent, improved claim ratios, and a stronger solvency position. "The solvency ratio has improved from 1.81x in FY24 to 1.91x in FY25, underscoring the company's financial strength," she added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
20 minutes ago
- Yahoo
India's Swiggy launches DeskEats to serve corporate meal needs
Indian online food delivery platform Swiggy has launched a new feature, DeskEats, to meet the meal requirements of professionals in the workplace. The service is now available in more than 7,000 tech parks, corporate office and business centres across 30 cities, including Delhi, Mumbai, Bengaluru, Chennai and Kolkata, as reported by The Financial Express. The offering includes curated collections such as value combos, stress munchies, healthy nibbles, teamwork bites and one-handed grabbies, each designed for different workday situations, from individual lunches to quick snacks during meetings. Data from the pilot phase of DeskEats has revealed some interesting consumption trends. In the stress munchies category, popcorn chicken was the most popular choice in Bengaluru, while fries were favoured in Mumbai and garlic breadsticks in Gurugram. Salads were the leading option in the healthy nibbles category. The DeskEats launch is in line with Swiggy's ongoing efforts to engage with the corporate sector. In early 2025, Swiggy rolled out a corporate rewards programme for employees across 14,000 organisations, aimed at increasing engagement among office workers. It reports strong interest from this demographic, with 150,000 employees joining the programme in under three months. In October 2024, Swiggy launched a new initiative known as Swiggy Seal across 650 cities to enhance the food quality standards and hygiene practices of its restaurant partners. Restaurant menu pages on the Swiggy app display the Swiggy Seal, highlighting partner establishments that consistently deliver hygienic meals in premium packaging. Key focus areas for the initiative encompass efficient cooking practices, prevention of contamination and packaging quality. "India's Swiggy launches DeskEats to serve corporate meal needs" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
20 minutes ago
- Yahoo
Jaycon Earns Prestigious ISO9001:2015 Certification, Strengthening Domestic Competitiveness
Orlando, Fla., Aug. 4, 2025 /PRNewswire/ -- Jaycon, a leader in full-service product design, prototyping, and contract manufacturing, proudly announces the successful completion of its ISO certification audit. This achievement significantly strengthens Jaycon's reputation as a globally trusted and highly competitive manufacturer committed to delivering consistently high-quality products and services. "Passing our ISO certification audit underscores Jaycon's unwavering commitment to excellence," said Jaycon CEO, Jiten Chandiramani. "This certification validates the quality and reliability of our processes, enhancing our position in the global market and offering greater assurance to our customers and partners." ISO certification involves a thorough evaluation of an organization's quality management systems, operational processes, and compliance with international standards. Earning this certification indicates that Jaycon has met strict global standards to deliver consistent, high-quality products and services. Jaycon's customers, from innovative startups to global enterprises, can now have increased confidence in products manufactured and managed under internationally accredited processes. "This certification directly reflects our team's dedication to continuous improvement, customer satisfaction, and manufacturing excellence," added Chandiramani. "It empowers us to bring sophisticated hardware ideas to life efficiently and reliably." With facilities in the USA, India, Vietnam, and China, Jaycon continues to expand its global reach, serving diverse industries including consumer electronics, UAS motors, IoT, wearables, and augmented reality. The certification also lays a strong foundation for scaling Jaycon's next-generation drone motor series, which has already garnered early attention from UAV developers and performance robotics teams. For further information or partnership opportunities, please contact: Eros FrazierBusiness Development AssociateJayconPhone: (321) 676-8985Email: erosfr@ About Jaycon:Jaycon specializes in product design, prototyping, and global contract manufacturing, providing turnkey hardware development solutions. Known for excellence in Design for Manufacturability (DFM) and Design for Assembly (DFA), Jaycon supports clients from concept through high-volume production. View original content to download multimedia: SOURCE JAYCON SYSTEMS LLC Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Times
23 minutes ago
- New York Times
Trump Lures Foreign Investment With a Familiar Pitch: ‘Show Me the Money'
President Trump's tariff threats have turned into a play for cold, hard cash as he tries to leverage U.S. economic power to cajole other nations to make multibillion-dollar investments in order to maintain access to America's market. The president's second-term trade agenda has clear echoes of his 'Art of the Deal' approach, essentially demanding that trading partners show him the money in the form of investment pledges or else face astronomically high tariffs. The financial promises give Mr. Trump the opportunity to flex his negotiating prowess in relatable terms and show off the splashy sums he is pulling into America, adding to the reality show intrigue of his trade agenda. As the Trump administration races to reach trade deals with dozens of countries ahead of a Thursday deadline, he has embraced a strategy that goes beyond opening international markets and reducing the U.S. trade deficit. The tactic was on display last week as Mr. Trump and his team rolled out a blitz of new trade agreements before a self-imposed Aug. 1 deadline. 'South Korea is right now at a 25% Tariff, but they have an offer to buy down those Tariffs,' Mr. Trump wrote on social media on Wednesday. 'I will be interested in hearing what that offer is.' The next day, Mr. Trump agreed to impose a tariff of 15 percent on imports from South Korea. The lower rate came after South Korea agreed to make $350 billion in investments in the United States and purchase $100 billion of liquefied natural gas. South Korea is not the only country to make such pledges. Japan said it would establish a $550 billion fund for investments in the United States. The European Union indicated that its companies were poised to invest at least $600 billion. To trade experts, the commitments raise the question of whether Mr. Trump is negotiating with trading partners or trade hostages. 'This is no doubt a global shakedown of sorts,' said Scott Lincicome, the vice president of general economics at the right-leaning Cato Institute. 'The fact is that Trump is using U.S. tariff policy to effectively force these terms upon less-than-willing participants.' But the vague nature of these informal commitments suggests that other nations might also be looking for creative ways to escape Mr. Trump's tariffs. Although tariffs are relatively straightforward to enforce, investment and purchase commitments are not as easily policed. The European Union, for instance, does not have the authority to dictate the type of investments that it has promised, and much of Japan's pledged investments are coming in the form of loans. The investment announcements have also spurred confusion and lacked the usual detail that would accompany such pacts to avoid future disputes. A large majority of the $350 billion South Korean investment would take the form of loans and loan guarantees. South Korean officials expressed confusion over what U.S. officials meant when they said 90 percent of the profits from the investments would go to the American people. An fact sheet announcing the European Union's plans allowed for some wiggle room when it said that 'E.U. companies have expressed interest in investing at least $600 billion' in 'various sectors in the U.S.' 'I think there remain a lot of questions, including by the countries who have announced commitments, as to what those commitments actually really mean,' said Michael Froman, the president of the Council on Foreign Relations, who served as the top trade negotiator in the Obama administration. 'Is it enforceable? If they don't deliver a certain amount of investment over a particular period of time, do tariffs go back into place?' During Mr. Trump's first term, the trade deal he struck with China included extensive commitments for Chinese purchases of American farm products that were never met. The agreement did have an enforcement mechanism, but it proved toothless. Some of the initial investment pledges appear to be too big to be true. New data from the Bureau of Economic Analysis showed that in 2024, foreign spending to acquire, start or expand U.S. businesses totaled $151 billion — a small fraction of the new commitments being announced. The $600 billion E.U. investment commitment matches the total value of the goods that the United States imported from Europe last year. Although the United States has long been a magnet for foreign investment, the longer-term effects of making countries invest under duress are not clear. 'This is the kind of deal you'd more expect to see from an emerging market that can't attract capital on its merits,' said Aaron Bartnick, who worked in the White House Office of Science and Technology Policy during the Biden administration. 'And we may find over time that if the United States insists on acting like an emerging market, our trade partners may start treating us accordingly, with more onerous terms and less favorable rates that American companies and consumers are not accustomed to dealing with.' Regardless of the economic implications, Mr. Trump's tactics show no signs of abating, as he regularly claims more than $10 trillion — and climbing — in investments from foreign companies and countries. Daniel Ames, a professor at Columbia Business School who teaches negotiation strategy, said that Mr. Trump's approach to trade deals appears to be drawn directly from his days as a developer and businessman. Mr. Trump became notorious for destabilizing his negotiating counterparts with severely low bids, dazzling sales pitches and an ability to capitalize on weakness to gain leverage. Mr. Ames noted, however, that countries like Japan, South Korea and the European Union might also be playing into Mr. Trump's sense of vanity when they unveil whopping investment promises that might ultimately be hollow. 'Donald Trump is a gifted storyteller, and I think when his counterparts recognize this, they can play to it,' Mr. Ames said. 'If you're negotiating with a narcissist, you look for ways to make them feel like they've won.' Ana Swanson contributed reporting.
