Shriram General Insurance Company today reported an 82 per cent rise in its net profit at Rs 400 crore for the fiscal ended March 2018.
During the year, the company's net earned premium grew by 10 per cent from a year ago to Rs 1,855 crore, Shriram General Insurance Co said in a statement.
Neeraj Prakash, managing director, Shriram General Insurance, said: "Our net profit has risen mainly due to increase in investment income and reduction in the loss ratio. We are hopeful that the growth momentum will continue in the current fiscal as well."
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