New India Q3 profit up 29% to Rs 826 cr; Health segment drives 48% of business
New India Assurance reported a 28.86% rise in net profit to Rs 826 crore for the December quarter, driven by higher investment income and steady premium growth. Despite one-time wage-related provisions impacting underwriting results, the company's robust investment income and strong premium collections, particularly in health and personal accident, bolstered its financial performance.
New India Assurance reported a 28.86% rise in net profit to Rs 826 crore for the December quarter, driven by higher investment income and steady premium growth. Despite one-time wage-related provisions impacting underwriting results, the company's robust investment income and strong premium collections, particularly in health and personal accident, bolstered its financial performance.
