Reliance General profit rises 27% to Rs 165cr in FY18

Reliance General Insurance has reported a net profit of Rs 165 crore in 2017-18, up 27 per cent from a year earlier.

The gross premium written by the company increased by 28 per cent to Rs 5,122 crore, a company statement said today.

RGI, a Reliance Capital firm, said its online channel registered an increase of 40 per cent in gross premium collected during the year.

TRENDING NOW

Henry Kissinger, secretary of state under Presidents Nixon and Ford, dies at 100

AMIC Forging SME IPO hits D-Street: Check out allotment date, listing date, other kedetails

Tata Power sheds 2% as global brokerages turn bearish after analysts meet

Deepak Chemtex IPO hits D-Street: Check out lot size, price bank, allotment date, listing date, other details

Tata Power sheds 2% as global brokerages turn bearish after analysts meet

Power of Compounding: How your Rs 1.20 lakh can grow into Rs 62.15 lakh, know calculation

GNFC buyback set to open on December 1 via tender offer; stock gains

2023 Exit Polls: Check when and where to view result predictions for Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana, Mizoram election

FIRST TRADE: Sensex rises over 65 pts; Nifty above 20,100; Hero MotoCorp up over 2%

Nykaa, Metro Brands, UltraTech Cement, IDBI Bank: Stocks to watch out for on Thursday

Anil Singhvi strategy November 30: Important levels to track in Nifty50, Nifty Bank today

Axis AMC eyes Rs 3 lakh crore AUM by March; expects Rs 2,500 crore from new fund

Rupee battles persistent dollar demand in face of dovish Fed outlook

Mizoram Election Results 2023: Check out date, time of counting of votes, result announcement of 40 Assembly seats

IMD issues thunderstorm warning for Tamil Nadu and Puducherry for next three hours

The company has a 7.7 per cent market shares in the private sector.

"We continue our growth momentum with rise in premium, along with improvement in bottom line. We grew at approximately 17 per cent in gross direct premium in 2017-18," said Rakesh Jain, ED&CEO, Reliance General Insurance.

Company offers insurance for motor, health, home, property, travel, marine and other speciality products.

Spread across 128 branch locations, company's agent network stood at 27,888 as on March 31, 2018.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)