AM Best has affirmed the Financial Strength Rating of A-(Excellent) and the LongTerm lssuer Credit Rating of "a-" of The New India Assurance Company Limited.
The ratings reflect the Company's balance sheet strength, which A.M. Best categorizes as very strong, as well as its adequate operating performance, favourable business profile and appropriate enterprise risk management.
The Company's favourable business profile reflects its solid market position. New India is the largest non-life insurer in India. The company also maintains an underwriting portfolio that is well-diversified by geography and line of business, in India and overseas.
Shares of The New India Assurance Company Ltd was last trading in BSE at Rs.133.8 as compared to the previous close of Rs. 133.05. The total number of shares traded during the day was 56010 in over 2773 trades.
The stock hit an intraday high of Rs. 139.2 and intraday low of 133.8. The net turnover during the day was Rs. 7652596.