DHFL Pramerica Life achieves break-even

India Infoline News Service | Mumbai |

The company reported a net profit of around Rs. 1 crore in FY14, as against a loss of Rs. 132 crore in FY13

DHFL Pramerica Life Insurance has achieved break-even in FY2013-14, in its sixth year of operations. The company's gross written premium increased 29% to Rs. 306 crore in 2013-14 and added over 0.4 million customers to its fast growing customer base.
The company reported a net profit of around Rs. 1 crore in FY14, as against a loss of Rs. 132 crore in FY13.
As of March 31, the company's total sum assured was about Rs 6,600 crore and assets under management stood at Rs 721 crore.
DPLI has a healthy solvency ratio of 537% against the regulatory requirement of 150%.
The private insurer is a joint venture between Dewan Housing Finance Corp and Prudential International Insurance Holdings, a fully owned subsidiary of US-headquartered Prudential Financial Inc.


 

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