Branch revenues:

1. General insurance: approx. 70%
2. Motor insurance: approx. 20%
3. Health and other insurances: approx. 10%

TOP 3 markets:

1. India: approx. 85%
2. United Arab Emirates: approx. 7%
3. United Kingdom: approx. 5%

The New India Assurance Company Limited generates the majority of its revenues from general insurance, followed by motor insurance and other types of insurances such as health insurance. The Indian market, with a share of approximately 85%, is the dominant market for the company.

International markets, especially the United Arab Emirates and the United Kingdom, also contribute significantly to the revenues, together accounting for about 12% of the total revenue. This diversification helps the company strengthen its global market presence and spread risks.

Production Sites: Headquarters in Mumbai, India

The New India Assurance Company Limited is a state-owned insurance company headquartered in Mumbai, India. As an insurance company, it does not produce physical products but offers a variety of insurance services including motor, health, and property insurance. The services are provided through a network of branches and agencies in India and internationally.

Strategic Focus Points:

• Digitalization and Technology Integration
• Expansion of the Product Portfolio
• International Expansion

The New India Assurance Company Limited is pursuing a multi-pronged growth strategy to strengthen its market position and tap into new business areas. A central component of this strategy is the increased digitalization of its processes and services. The use of modern technologies is intended to enhance efficiency and improve customer experience.

Additionally, the company plans to expand its product portfolio to meet the changing needs of customers. This includes the introduction of innovative insurance products tailored specifically to new risks and market requirements.

Another strategic focus is on international expansion. The New India Assurance Company Limited aims to strengthen its presence in emerging markets to capitalize on growth opportunities in these regions. This strategy is supported by targeted partnerships and alliances designed to facilitate and expedite market entry.

Imported Raw Materials/Materials: No direct imports

Countries: Not applicable

The New India Assurance Company Limited is an insurance company and not a production facility. Therefore, it does not import raw materials or materials in the conventional sense. Insurance companies are generally not involved in the physical trading of commodities, but rather provide insurance services that cover various sectors such as health, automotive, property, and more.

If it comes to investments or financial engagements in commodity markets, such information may be found in the company's financial reports or investment strategies. However, these would not be classified as direct imports of raw materials.

Market Share: 15% (estimated 2026)
Combined Ratio: 105% (estimated 2026)
Solvency Ratio: 2.1 (2026)

The New India Assurance Company Limited has a significant competitive advantage due to its large market share of approximately 15% in the Indian insurance market. This enables the company to benefit from economies of scale and serve a broad customer base.

However, the estimated Combined Ratio of 105% indicates that claims and administrative costs exceed premium income, which could signal efficiency issues. A Combined Ratio above 100% means that the company is experiencing losses from its insurance business, which could diminish its competitive advantage.

Nevertheless, the Solvency Ratio of 2.1 is a positive sign, demonstrating that the company has a strong capital base to meet its obligations. This enhances customer and investor confidence and can be viewed as a stabilizing factor in competition.

Overall, The New India Assurance Company Limited has a solid competitive advantage through market size and capital strength, but it needs to work on improving operational efficiency to sustain this advantage in the long term.

Institutional Investor Share: approx. 12% (2026, estimated)

Insider Purchases/Sales: No significant transactions reported (2026, estimated)

The institutional investor share in The New India Assurance Company Limited is around 12%. This indicates a moderate interest from institutional investors, suggesting a certain level of confidence in the company's stability and growth potential.

Regarding insider purchases or sales, no significant transactions have been reported. This could indicate that the management and other insiders currently do not see any significant changes in their assessment of the company's value.

Market share of The New India Assurance Company Limited (NIACL): 15% (2026, estimated)

Top competitors and their market share:

1. Life Insurance Corporation of India (LIC): 24%
2. ICICI Lombard General Insurance: 10%
3. Bajaj Allianz General Insurance: 9%
4. HDFC ERGO General Insurance: 8%
5. SBI General Insurance: 7%

Moat Analysis:

The New India Assurance Company Limited (NIACL) has a significant moat due to its government support and long market presence. These factors give the company a high level of trust and stability among customers, which has a positive impact on its market share.

Compared to competitors, LIC has the strongest moat, especially due to its dominance in the life insurance sector and extensive brand recognition. ICICI Lombard and Bajaj Allianz excel with innovative products and a strong distribution network, which also gives them a solid moat.

Overall, NIACL has a respectable moat, but private insurers with their flexible and customer-centric approaches could have an edge in certain segments. This is evident in the increasing competition and the need for NIACL to continuously invest in digital transformation and product innovation to remain competitive.

Revenue Growth: 8.2% (2025) Profit Growth: 6.5% (2025) Combined Ratio: 105% (2025)

The New India Assurance Company Limited recorded a revenue growth of 8.2% in 2025. The profit growth was 6.5%, indicating a solid business performance. However, the 105% combined ratio is an indication that the insurance company is spending more on claims and operating expenses than it is earning through premiums. A combined ratio above 100% suggests an operational loss situation.

The long-term growth prospects of the insurance company could be supported by expanding into new markets and introducing innovative insurance products. Furthermore, improving operational efficiency and cost control could reduce the combined ratio in the future.

However, investors should monitor the risks associated with a high combined ratio and critically assess the company's ability to improve this metric. An investment could be attractive if one believes in the company's ability to enhance its operational efficiency and profitability.

Dividend Yield: 2.5% (2025)

Dividend History: Regular payouts over the past five years

The New India Assurance Company Limited has distributed dividends in recent years, with the dividend yield standing at around 2.5% in 2025. The company has a history of regular payouts, indicating a certain level of reliability.

The reliability of dividend payments is supported by NIACL's stable financial performance and strong market position. However, investors should keep an eye on the company's future business development and regulatory changes in the insurance sector, as these could impact the dividend policy.