3 Febuary 2016

State-owned general insurance company New India Assurance, the largest general insurer posted a profit after tax of Rs 747 crores for the nine months period ended December 31, 2015. The profit before tax stood at Rs 885 crore.

The company recorded a global premium of Rs 13,219 crore, recording a growth of 14.42 per cent. The Indian operations had grown by 14.5 per cent and the foreign operations had recorded a growth of 16.5 per cent. The net worth of the company including fair value of investments stood at Rs 30,391 crore. The asset base of the company was about Rs 60,674 crore. The market value of investments increased to Rs 47,084 crore.

Source: Business Standard