Life Insurance

GIC Re posts net profit increase in latest financial quarter

GIC Re, the Indian public sector reinsurer, reported a 3.08% increase in net profit for the last quarter of FY24 (Q4 FY24) to ₹2,642.48 crore, compared to ₹2,563.84 crore in the same period the previous year. Sequentially, net profit rose 74.08% from ₹1,518 crore in Q3 FY24.

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