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International

Indian insurer's swings to profit

May 23, 2018 Reprints

United India Insurance Co. Ltd.'s profit after tax totaled more than 10 billion Indian rupees ($147 million) for the year ended March 31 compared with a loss of INR 19 billion in the prior fiscal year, Financial Express reported. Gross written premiums grew more than 8% year over year to INR 174 billion. Net incurred claims totaled INR 121.4 billion compared with nearly INR 129 billion in the fiscal year ended March 31, 2017.

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Indian insurer's swings to profit

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