GIC Re posts Rs673 crore profit in Q3 - News Summed Up
GIC Re posts Rs673 crore profit in Q3

GIC Re posts Rs673 crore profit in Q3

February 12, 2018 15:45 UTC

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GIC Re posts Rs673 crore profit in Q3


Investment income grew by over 35% to Rs1,195.59 crore from Rs883.94 crore a year-ago. Gross premium also grew by over 8% to Rs8,869.98 crore from Rs8,205.53 crore. In the first nine months of the fiscal year, net profit jumped five-fold to Rs2,481.99 crore from Rs554.82 crore, she said, adding gross direct premium income grew 36.8% with premium of Rs33,274.35 crore in the nine months to December from Rs24,323.61 crore. For the nine months of the current fiscal, investment income rose 28.4% to Rs3,611.85 crore from Rs2,811.85 crore. Similarly, agriculture premium grew 72.7% to Rs12,120.78 crore over the past year, and health premium went up 28.2% to Rs4,042.32 crore.


Source: Mint February 12, 2018 15:45 UTC



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