The insurer had earned a profit of Rs 91 crore in the same period a year ago.
In spite of the market conditions and significant challenges faced by the sector, the company has retained its market share, PNB MetLife Insurance said in a statement.
The renewal premium grew by 4 per cent to Rs 640 crore. The company recorded an increase of 18 per cent in in-force sum assured, taking it to Rs 233,304 crore.
The company continues to maintain a healthy conservation ratio at 71 per cent and an improved solvency ratio of 248 per cent without additional capital infusion.
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