Reliance
Reliance Capital's arm Reliance General Insurance, reported a net profit of Rs 59 crore for the third quarter ended December
Reliance
Higher by 23%, compared with Rs 48 crore reported in the previous year period.
Reliance
The company's gross written premium rose 13% year-on-year to Rs 8,208 crore as against Rs 7,294 crore in the corresponding period of previous year
Reliance
December has risen 6% to Rs 334 crore, compared with Rs 314 crore in the same period previous year
Reliance
The company said it took a hit of Rs 41.7 crore for unutilized mat credit in the current year to opt for a lower tax regime
Reliance
This will accrue significant bottom line benefits in the subsequent periods
Reliance
Reliance General Insurance has grown its investments assets by 20% to Rs 16,581 crore during the April-December period
Reliance
The same stood at Rs 13,861 crore April-December period of previous fiscal.
Reliance
The company is operating at 6.6 times the investment AUM, which it says is one of the best in the industry, showing a strong cash accrual
Reliance
the company has settled over 23 lakh claims of which 98.65% claims were settled in less than 3 months' time.
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