New India Assurance reported a net profit of Rs 71 crore for the second quarter ended September 2024, a turnaround from a loss in the same period last year. The company's total income and written gross premium also increased.
New Delhi, Oct 30 (PTI) 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.
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