New India Assurance Co.’s profit leapfrogs 78% to Rs 716.38 crore

Country’s largest general insurer, New India Assurance has posted a 78% increase in the profit after tax for the year 2005-06 to Rs 716.38 crore from the previous year’s Rs 402.23 crore, reports Financial Express.

The gross premium income through India operation for the year is worth Rs 4,791 crore as against Rs 4,210.81 crore in 2005-06 indicating a rise of 13.79%. On the global front the insurer has noticed a marginal fall in the gross premium to Rs 884.05 crore as against Rs 892.35 crore previous year. More....