Reliance General Q1 net profit at Rs. 24.3 crore

Reliance General's gross written premium for the quarter ended June 30, 2014 was at Rs 787 crore, a year-on-year increase of 11%

Aug 21, 2014 10:08 IST India Infoline News Service

Reliance General Insurance's first quarter profit zoomed 138% to Rs 24.3 crore in the period ended June 30, 2014, from Rs 10.2 crore in the same quarter last year.
Reliance General's gross written premium for the quarter ended June 30, 2014 was at Rs 787 crore, a year-on-year increase of 11%.
RGI accounts for 9% of the private general insurance market in terms of premium under written, up from 7.5% in the previous quarter, the company said.
The company's investment book stood at Rs 4,495 crore -- up 31% from year-ago level -- as on June 30, 2014. 

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