HDFC ERGO General net profit stands at Rs1.55bn for FY13

India Infoline News Service | Mumbai |

The company’s net claims amounted to Rs. 9.51 billion in FY12-13 against Rs. 7.66 billion in FY11-12

Private player HDFC ERGO General Insurance on Tuesday announced its results for the financial year ended 31 March 2013.

The company said that its net profit stood at Rs. 1.55 billion for the financial year ended 31 March 2012 against a loss of Rs. 397 million in FY11-12.

The Mumbai-based general insurer’s gross direct premium zoomed 33% to Rs. 24.91 billion in FY12-13 against Rs. 18.74 billion in the previous year.

During FY12-13, HDFC ERGO net premium collection stood at Rs. 12.42 billion compared to Rs. 9.14 billion in FY11-12.

The company’s net claims amounted to Rs. 9.51 billion in FY12-13 against Rs. 7.66 billion in FY11-12.
 

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