SBI General Insurance Q3 profit up 53% at Rs 89 cr

SBI General Insurance Thursday reported a 53 per cent rise in net profit at Rs 89 crore for the quarter ending December.

Its net profit was Rs 58 crore in the corresponding quarter a year ago, SBI General said in a statement.

SBI General recorded its sustainable underwriting profit of Rs 49 crore in quarter as against an underwriting loss of Rs 41 crore in the same quarter a year ago.

The Gross Written Premium (GWP) also witnessed a significant growth of 37 per cent to Rs 1,272 crore.