Book value of the company including fair value change account stood at Rs 174.84 per share and excluding fair value change account stood at Rs 139.9 per share end September 2025.

Commenting on the results, Girija Subramanian, Chairman and Managing Director, stated: "It gives me immense satisfaction to inform you that the Company achieved an 11.5% growth in Gross Written Premium (GWP) during the period ended September 30, 2025. The domestic business grew ahead of the industry, leading to an increase in market share from 12.60% to 13.25%. The growth was led by strong performance in the health, property and miscellaneous segments. Despite an unusually prolonged monsoon season and multiple localised flood events impacting the motor and property portfolios, the Company maintained its focus on prudent underwriting and operational efficiency. The impact of these events was well managed through reinsurance and strong investment income, ensuring overall profitability.

During the period, the Company made a provision of 21,680 crore towards wage revision arrears and corresponding adjustments in employee benefit liabilities. This one-time provision temporarily affected underwriting margins and the combined ratio. However, robust investment income, supported by buoyant equity markets and prudent portfolio management, more than offset the impact, enabling a healthy rise in net profits.

Excluding the one-time impact of wage arrears, the operating expenses were lower compared to the corresponding period of the previous year, reflecting ongoing cost optimization efforts. Consequently, the Company reported a 57.7% increase in Profit After Tax for the half year, with a strong solvency ratio of 1.79x, comfortably above the regulatory requirement.

Looking ahead, the Company remains optimistic about sustaining growth momentum. We continue to register industry-leading growth in October, and early indicators suggest improvement in loss ratios in the second half of the financial year."