GIC Re posts solid net profit increase in latest results

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Reinsurance News - Jun 03, 2024

GIC Re, the Indian public sector reinsurer, has posted net profit after tax for the fiscal year ended 31 March 2024 (FY24) of ₹6,497.30 crore, 2.9% higher than the ₹6,312.50 crore figure that was posted in the prior year. In Q4 FY24, standalone net premium grew by 26.78% to reach ₹7,904 crore, compa...

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