NEW DELHI: Insurance Company on Wednesday reported a 17.71 per cent year-on-year (YoY) fall in net profit at Rs 246.62 crore for the September quarter compared with Rs 299.73 crore in the same quarter last year.
The asset under management (AUM) rose 31 per cent to Rs 2,44180 crore as on September 30 compared with Rs 1,86360 crore in the year-ago quarter, with debt-equity mix of 70:30. Over 95% of the debt investments are in AAA and Sovereign instruments.
Net premium income came in at Rs 14,660 crore compared with Rs 12,858 crore in the year-ago quarter.
For the first half of the year, new business premium (NBP) rose 14 per cent YoY to Rs 10,290 crore from Rs 9000 crore in the same period last year. Gross written premium rose 9 per cent YoY to Rs 12,810 in the first half against Rs 11,730 crore YoY. Profit for the first half was down 32 per cent at Rs 470 crore.
