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.