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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...

Star Health Insurance Q4 net profit jumps 40% to Rs 142 crore

by AIP Online Bureau | Apr 30, 2024 | Health, Indian News

The company’s underwriting losses have gone up by 40 per cent to Rs 91 crore in Q4FY24.The health insurer’s combined ratio, one of the key matrix in profitability, has risen marginally to 92.7 per cent in Q424 from 91.30 per cent in Q4FY23 Chennai: Star...
Indian general insurance industry’s record underwriting losses flare up by 50% to Rs 28,500 crore in FY2021-22

Indian general insurance industry’s record underwriting losses flare up by 50% to Rs 28,500 crore in FY2021-22

by AIP Online Bureau | Sep 27, 2022 | Health, Indian News, Non-Life

The four PSU general insurers, which together have over 35 per cent of industry’s market share, have generated 70 per cent of its underwriting losses in FY2021-22 19 full fledged private sector general insurers, led by IFFCO Tokio General Insurance, have...
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