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Net profit of Mahindra Insurance Brokers zooms 365% to Rs 28.6 cr in Q2

by AIP Online Bureau | Oct 29, 2023 | Intermediaries, Non-Life

Mahindra Insurance Brokers Limited(MIBL) registered income at Rs289 crore in Q2FY24, as against Rs 94 crore during the corresponding quarter last year, a growth of 208% over the same period previous year. The profit after tax (PAT) during Q2FY 2023-24 , registered was...
Bagi’s  net profit records a 40% jump to Rs 468 crore in Q2

Bagi’s net profit records a 40% jump to Rs 468 crore in Q2

by AIP Online Bureau | Oct 27, 2023 | Indian News, Non-Life

Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance With an underwriting profit of Rs 37 crore, Bajaj Allianz has reported a healthy combined ratio of 95.3% for Q2 FY 23-24 Pune: Bajaj Allianz General Insurance(Bagi) reported a net profit of Rs 468 crore with...
Star Health Insurance Q1 net profit rises 35 pc to Rs 288 cr

Star Health Insurance Q1 net profit rises 35 pc to Rs 288 cr

by AIP Online Bureau | Jul 28, 2023 | Health, Indian News

Gross written premium increased to Rs 2,949 crore in Q1 FY24 compared to Rs 2,464 crore in the same period a year ago Chennai: Star Health and Allied Insurance on Friday reported a 35 per cent increase in net profit to Rs 288 crore for the June 2023 quarter. The...
Tata AIA Life’s net profit zooms six fold to Rs 506 crore in FY23

Tata AIA Life’s net profit zooms six fold to Rs 506 crore in FY23

by AIP Online Bureau | Jun 19, 2023 | Indian News, Life

The company’s total premium income for the fiscal grew by 42 per cent to Rs 20,503 crore compared to Rs 14,445 crore in the previous year Mumbai: Tata AIA Life Insurance (Tata AIA) reported a 615 per cent jump in its net profit to Rs 506 crore in FY 2022-23 from...
GIC Re doubles its net profit to Rs 3,417 crore in Q4FY2023, declares a dividend of Rs 7 per share

GIC Re doubles its net profit to Rs 3,417 crore in Q4FY2023, declares a dividend of Rs 7 per share

by AIP Online Bureau | May 25, 2023 | Indian News, Non-Life, Reinsurance

Devesh Srivastava, CMD, GIC Re GIC Re’s record net profit has been possible as the third largest Asian reinsurer has a combined ratio of 89.16 per cent and an underwriting profit of Rs 889.77 crore along with a higher investment income of Rs 3,667.16 during the...
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