The Normal Insurance coverage Company of India (GIC Re) closed final yr with a better after tax revenue and gross premium revenue.
The corporate’s Board of Administrators has declared an interim dividend of Rs 2.25 per fairness share (on face worth of Rs 5 every) for the yr beneath evaluate.
Throughout FY22, the GIC Re earned a gross premium revenue of Rs 43,208.46 crore as in comparison with Rs 47,014.38 crore for the yr ended on March 31, 2021.
Final fiscal the reinsurer had earned an after tax revenue of Rs.2,005.74 crore as in comparison with Rs 1,920.44 crore logged in FY21.
The corporate’s funding revenue final yr was Rs 9,562.29 crore up from Rs 8,820.86 crore earned the earlier fiscal.
The reinsurer’s underwriting loss final yr was at Rs 4,266.11 crore down from Rs 5,488.45 crore throughout FY21.
The corporate’s solvency ratio is 1.96 as on March 31, 2022 as in comparison with 1.74 as on March 31, 2021.
–IANS
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(Solely the headline and movie of this report could have been reworked by the Enterprise Customary employees; the remainder of the content material is auto-generated from a syndicated feed.)
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