Company had an underwriting losses of Rs 28 crore in Q3 FY 2018 as against an underwriting losses of Rs 119 crore in the corresponding period of  the previous fiscal. The combined ratio (CR) of the company had fallen to 96 per cent in Q3FY 2018 from 106.6 per cent in the year-ago period.

“The growth is quite robust at 18%. Though it is less than the last year’s growth at 30 per cent, but then, last year the growth had been driven by Prime Minister Fasal Bima Yojana (PMFBY). Keeping in view the fact that the country’s GDP was not so high, this growth for the industry is really good,’’ said Sanath Kumar, CMD, National Insurance Company, which is preparing itself to be listed  in the Indian bourses soon.