 "New India Assurance Q2 results: PAT at Rs 71 cr, total income up 2.5%")
New India Assurance on Wednesday reported a net profit of Rs 71 crore for the second quarter ended September 2024.
The state-owned general insurer had booked a net loss of Rs 200 crore in the year-ago period.
The total income of the Mumbai-based entity rose to Rs 10,090 crore from Rs 9,839 crore in the year-ago period, New India Assurance said in a regulatory filing.
The company's written gross premium also rose to Rs 9,620 crore in the second quarter of this fiscal compared to Rs 9,397 crore a year ago.
Its net premium collection increased to Rs 8,067 crore against Rs 7,894 crore in the same quarter a year ago, it said.
However, the total expenditure of the company during the period under review declined to Rs 10,577 crore from Rs 10,628 crore in the year-ago period.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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