General Insurance Corporation of India reports strong profit growth amid premium gains and underwriting loss reduction

General Insurance Corporation of India reports strong profit growth amid premium gains and underwriting loss reduction

General Insurance Corporation of India (GIC Re) has reported a significant financial upswing for the first half of 2024, with profit after tax reaching ₹2,897.12 crore, a 24% rise over the same period last year. The Mumbai-based reinsurance giant attributes this increase to a robust 5.8% growth in gross premium income, which amounted to ₹20,819.16 […]