Meanwhile, underwriting loss reduced to ₹2,376.95 crore.
General Insurance Corporation of India Re’s half-year ending 30 September profit after tax stood at ₹2,897.12 crore, up 24% from ₹2,336.87 crore a year earlier.
Gross premium income increased to ₹20,819.16 crore, up from ₹19,679.85 crore in the same period last year.
Meanwhile, underwriting loss reduced to ₹2,376.95 crore from ₹3,029.04 crore in the previous year.
Investment income rose to ₹6,242.32 crore compared to ₹5,825.38 crore in the prior year.
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