Shriram General Insurance on Thursday posted an 82 per cent increase in its net profit at ₹400 crore in 2017-18.
“Our net profit has risen mainly due to increase in investment income and reduction in the loss ratio,” said Neeraj Prakash, Managing Director, Shriram General Insurance. The net premium earned grew by 10 per cent to ₹1,855 crore last fiscal. Its investment income also increased by 28 per cent to ₹744 crore in 2017-18 from ₹580 crore in 2016-17.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.