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.
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