Reliance General Q4 FY13 profit at Rs. 170mn

India Infoline News Service | Mumbai |

At the end of March 31, 2013, RGI’s investment book increased 20% year-on-year to Rs. 32.52 billion

Private sector non-life insurer Reliance General reported a profit of Rs. 170 million in the fourth quarter ended March 31, 2013 against a loss of Rs. 2.48 billion in Q4 FY12.

Reliance General reported Rs. 160 million profits in October-December period of FY13.

The gross written premium increased 16% to Rs. 20.36 billion in FY13 from Rs. 17.48 billion in FY12.

During FY12-13, Reliance General, part of Anil Ambani-led financial services major Reliance Capital, invested Rs. 1.55 billion into the business, while the total capital invested in the business was at Rs. 17.47 billion.

At the end of March 31, 2013, RGI’s investment book increased 20% year-on-year to Rs. 32.52 billion.

Reliance General Insurance offers insurance solutions for auto, health, home, property, travel, marine, commercial and other speciality products.



 

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