Driven by higher investment income and lower underwriting loss and despite a lower premium, India's national reinsurer General Insurance Corporation of India (GIC Re) on Thursday said it closed the nine months, ended December 31, 2022, with a higher net profit of Rs 3,749.15 crore.
According to GIC Re, the net profit for the nine month period was Rs 3,749.15 crore as compared to Rs 210.34 crore logged during the corresponding period of the previous year.
The company's gross prem...
Lower underwriting loss, higher investment income, GIC Re posts Rs 3,749 crore PAT
Below is Post Budget Reaction From Shri Devesh Srivastava, CMD, General Insurance Corporation of India (GIC Re)
“In today’s Parliament, our Hon Finance Minister has delivered a holistic and futuristic Budget ensuring the strengthening of our Economy. Saptrishi, the 7 priorities of Budget 2023 are in support of the government’s 'Aatmanirbharta' mission, focusing on Inclusive development, Youth Power, Infrastructure and investment, Financial Sector, and wo...
Post Budget Reaction : holistic and futuristic Budget ensuring the strengthening of Economy Says Devesh Srivastava, General Insurance Corporation of India
