United India Insurance PAT rises 4% to Rs. 3.64bn in H1 FY13

India Infoline News Service | Mumbai |

The market value of its total investment portfolio at the end of the second quarter was Rs. 197.88 billion

United India Insurance Company said that its profit after tax in the first-half of the current year ended September 30, 2013 increased 4% to Rs. 3.64 billon from Rs. 3.5 billion in the corresponding period last year.

According to a press release from the company, it was able to absorb the losses arising out of the Uttarkhand floods, totalling 15 property damage claims, involving about Rs. 9 billion.

The market value of its total investment portfolio at the end of the second quarter was Rs. 197.88 billion and the company’s net worth was Rs. 53.22 billion.

With the premium income at Rs. 47.68 billion in the first-half of the current year, the company is optimistic on a premium of Rs. 105 billion in the current fiscal.

 

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