Shriram General Insurance net up 82%

Shriram General Insurance posted an 82 per cent increase in its net profit at Rs. 400 crore in 2017-18.

“Our net profit has risen mainly due to increase in investment income and reduction in the loss ratio,” said Neeraj Prakash, Managing Director, Shriram General Insurance. The net premium earned grew by 10 per cent to Rs. 1,855 crore last fiscal. Its investment income also increased by 28 per cent to Rs. 744 crore in 2017-18 from Rs. 580 crore in 2016-17.