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31 Jul, EOD - Global

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BSE Code : 540769 | NSE Symbol : NIACL | ISIN : INE470Y01017 | Industry : Insurance |

Quarterly Results

Particulars (₹ Cr)	Mar 2024	Dec 2023	Sep 2023	Jun 2023
OPERATING RESULTS :
Gross premiums Written:	10571.88	10664.88	9397.2	11362.49
(a) First Year Premium	0.00	0.00	0.00	0.00
(b) Renewal Premium	0.00	0.00	0.00	0.00
(c) Single Premium	0.00	0.00	0.00	0.00
(d) Other Gross Premiums	10,571.88	10,664.88	9,397.20	11,362.49
Net premium written	8,768.95	8,562.96	7,893.53	9,181.96
Premium Earned(Net)	8,957.25	8,946.11	8,205.90	7,919.00
Income from investments (Net) (Insurance)	1,891.41	1,684.13	1,633.17	1,355.44
Other income (Insurance)	0.00	0.00	0.00	0.00
Foreign Exchange Gain/(Loss)	0.00	0.00	0.00	0.00
Investment income from Pool (Terrorism / Nuclear)	0.00	0.00	0.00	0.00
Miscellaneous Income	0.00	0.00	0.00	0.00
Transfer of fund from Shareholders' A/c	0.00	0.00	0.00	0.00
Total Income	10,848.66	10,630.24	9,839.07	9,274.44
Commission & Brokerage (net) :
(a) First Year Commission	0.00	0.00	0.00	0.00
(b) Renewal Commission	0.00	0.00	0.00	0.00
(c) Single Commission	0.00	0.00	0.00	0.00
(d) Other Commission	767.79	734.82	817.77	687.44
Net Commission	767.79	734.82	817.77	687.44
Operating Expenses related to insurance business (ab)	1,440.80	1,276.01	1,160.55	1,080.90
(a) Employees remuneration and welfare expenses	1,063.71	967.24	892.20	796.87
(c) Advertisements	0.00	0.00	0.00	0.00
(d) Business development expenses	0.00	0.00	0.00	0.00
(e) Other operating expenses·	377.09	308.77	268.35	284.03
Premium Deficiency	0.00	0.00	0.00	0.00
Incurred Claims: -	8,540.93	8,295.69	8,674.51	7,617.13
(a) Claims Paid / Benefit Paid	8,765.94	7,579.61	7,692.86	6,918.67
(b) Change in Outstanding Claims (Incl. IBNR/IBNER)	-225.01	716.08	981.65	698.46
(c) Changes in Actuarial Liabilities	0.00	0.00	0.00	0.00
Total Expense	10,749.52	10,306.52	10,652.83	9,385.47
Underwriting Profit/Loss	-1,792.27	-1,360.41	-2,446.93	-1,466.47
Provisions for doubtful debts (Including bad debts written off)	-3.84	-20.98	0.00	0.00
Provisions for diminution In value of investments	97.39	23.49	0.00	0.00
Provisions for goods and service tax / service tax charge on linked charges	0.00	0.00	0.00	0.00
Provision for tax	0.00	0.00	0.00	0.00
Total Expenses Including Provisions	10,843.07	10,309.03	10,652.83	9,385.47
Operating Profit/Loss:	5.59	321.21	-813.76	-111.03
Appropriations	5.59	321.21	-813.76	-111.03
(a) Transfer to Profit and Loss A/c	5.59	321.21	-813.76	-111.03
(b) Transfer to Reserves / Shareholders' A/c	0.00	0.00	0.00	0.00
(c) Fund for Future Appropriations	0.00	0.00	0.00	0.00
Detail of Surplus / Deficit :
(a) Interim Bonus Paid	0.00	0.00	0.00	0.00
(b) Terminal Bonus Paid	0.00	0.00	0.00	0.00
(c) Allocation of bonus to Policyholders	0.00	0.00	0.00	0.00
(d) Surplus Shown in the Revenue A/c	0.00	0.00	0.00	0.00
Total Surplus / Deficit	0.00	0.00	0.00	0.00
NON OPERATING RESULTS
Income in Shareholders' account (abc)	849.45	1,009.21	-130.56	429.65
(a) Transfer from Policyholders' Fund	5.59	321.21	-813.76	-111.03
(b) Net Reinsurance Premium	0.00	0.00	0.00	0.00
(c)Total Income Under Shareholders' account (bc)	843.86	688.00	683.20	540.68
Income from investments	809.44	687.79	677.47	565.63
Other income	34.42	0.21	5.73	-24.95
Expenses :
Reinsurance Claims Incurred	0.00	0.00	0.00	0.00
Expenses relating to reinsurance business & Change in reinsurare contract liabililles (net of reinsurance assets)	0.00	0.00	0.00	0.00
Expenses other than those related to insurance business	291.32	139.19	112.37	105.84
Transfer of fund to Policyholders' A/c	0.00	0.00	0.00	0.00
Provisions for doudtful debts (including bad debts written off)	-1.57	-8.56	1.76	1.79
Provisions for diminution in value of Investments / Amortisation of premium on investments	39.71	9.58	9.72	11.11
Total Expenses	329.46	140.21	123.85	118.74
Profit/Loss before Extraordinary items	519.99	869.00	-254.41	310.91
Extraordinary Items before tax	0.00	0.00	0.00	0.00
Profit/(loss) before tax	519.99	869.00	-254.41	310.91
Provisions for tax	166.06	153.83	-54.42	50.68
Profit/(loss) after tax	353.93	715.17	-199.99	260.23
Extraordinary Items	0.00	0.00	0.00	0.00
Net Profit	353.93	715.17	-199.99	260.23
Dividend per share (Rs)	0.00	0.00	1.93	0.00
(a) Interim Dividend	0.00	0.00	1.93	0.00
(b) Final Dividend	0.00	0.00	0.00	0.00
Opening Balance and Appropriations from PAT (Net)	0.00	0.00	0.00	0.00
Profit/ (Loss) carried to Balance Sheet	353.93	715.17	-199.99	260.23
Paid up equity share capital	824.00	824.00	824.00	824.00
Reserve & Surplus (excluding Revaluation Reserve)	20,311.32	20,032.36	19,211.07	19,733.74
Fair Value Change Account and Revaluation Reserve	23,568.95	23,936.41	21,807.83	21,005.01
Face Value	5.00	5.00	5.00	5.00
Total Assets:
(a) Investments:	81,311.10	82,790.07	78,228.25	78,013.70
- Shareholders' Fund	24,281.29	24,347.54	23,269.56	23,216.90
- Policyholders' Fund	57,029.81	58,442.53	54,958.69	54,796.80
- Assets held to cover linked liabilities	0.00	0.00	0.00	0.00
(b) Other Assets (Net of current liabilities and provisions)	-36,606.83	-37,997.30	-36,385.35	-36,450.95
Nominal Value Per Share	0.00	0.00	0.00	0.00
Analytical Ratios:
Solvency Ratio	1.81	1.72	1.70	1.85
Expenses of Management Ratio	23.87	20.60	22.67	17.14
Policyholder's Liabilities to Shareholder's fund	0.00	0.00	0.00	0.00
Incurred Claim Ratio	95.35	92.73	105.71	96.19
Net retention ratio	82.95	80.29	84.00	80.81
Combined ratio:	121.61	116.56	130.77	115.45
Adjusted Combined Ratio	0.00	0.00	0.00	0.00
Earnings per share (in Rs):
(a) Basic EPS	2.15	4.34	-1.21	1.58
(b) Diluted EPS	2.15	4.34	-1.21	1.58
NPA ratios:
a) Gross NPAs	443.47	443.47	497.02	497.03
b) Net NPAs	0.00	0.00	0.00	0.00
(%) Gross Non Performing Assets	0.73	0.73	0.87	0.85
(%) Net Non Performing Assets	0.00	0.00	0.00	0.00

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New India Assurance Company Ltd

Quarterly Results