Reliance General Insurance records 30% increase in profit
In the first quarter of the fiscal, Reliance General Insurance has recorded 30% increase in Profit after tax amounting to Rs.57 crore. The Gross Written premium by the company increased by 23 % (year-on-year) to Rs. 1,571 crore in the quarter ended June 30, 2018. “We have witnessed growth of 23 per cent in the first quarter of the fiscal against the industry growth of 12 per cent,” said Rakesh Jain, Executive Director and CEO, Reliance General Insurance Company. Reliance General has an market share of 8.8%. The investment of the company stood at Rs. 8,261 crore as on June 30, 2018, signifying an increase of 20% from the last year.
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