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GIC Re:Gross premium grows 14% to Rs 9,967cr, net profit rises 7% to Rs 1621cr in Q3FY25

GIC Re:Gross premium grows 14% to Rs 9,967cr, net profit rises 7% to Rs 1621cr in Q3FY25

by AIP Online Bureau | Feb 3, 2025 | Indian News, Life, Non-Life, Reinsurance

N Ramaswamy, CMD, GIC Re One of the outstanding features of GIC Re’s performance during the last quarter was its feat of improving its combined ratio significantly to 107.83 per cent in Q3FY 25 from 120.47 per cent in the year-ago period “We remain focused...
Property premium sees signs of hardening since Jan: NIA Chief

Property premium sees signs of hardening since Jan: NIA Chief

by AIP Online Bureau | Jan 28, 2025 | Indian News, Non-Life, Reinsurance

“I am happy to announce that we have been able to renew the prestigious government health scheme in the state of Rajasthan which will cover close to 1.3 crore families. The new policy which will start in February 2025 has seen a per-family premium increase of...

Go Digit Q3 net profit surges nearly 3-fold to Rs 119 crore

by AIP Online Bureau | Jan 22, 2025 | Data, Indian News, Non-Life

The insurer’s combined Ratio for Q3 2025 is 108.1%, as compared to 110.3% in Q3 2024 New Delhi: General insurance firm Go digit on Wednesday reported a nearly three-fold rise in its net profit at Rs 119 crore in the three months ended December 2024. The...
SBI Life Insurance reports a 71% rise in net profit at Rs 551 crore for Q3FY25

SBI Life Insurance reports a 71% rise in net profit at Rs 551 crore for Q3FY25

by AIP Online Bureau | Jan 17, 2025 | Indian News, Life

SBI Life’s expense of management increased during the quarter to Rs 2,417 crore as compared to Rs 2,188 crore in the third quarter of the previous fiscal Mumbai: SBI Life Insurance on Friday reported a 71 per cent rise in net profit at Rs 551 crore for the third...
GIC Re’s net profit up 16% to Rs 1861 crore in Q2FY25

GIC Re’s net profit up 16% to Rs 1861 crore in Q2FY25

by AIP Online Bureau | Nov 12, 2024 | Indian News, Life, Non-Life, Reinsurance

N Ramaswamy, CMD, GIC Re Though the largest Indian reinsurer has cut down its gross premium by 21 per cent to Rs 8,413 crore in the reporting quarter, it has improved its combined ratio, underwriting losses and incurred claims during the period “Our continuous...
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