News - India: Non-life sector reports less rosy profit picture for FY08-09
Source: Asia Insurance Review | Feb 2010
India’s four public sector non-life insurers continued to outshine their private sector rivals during the 2008-09 fiscal year. The quartet companies made a net profit of Rs4.268 billion (US$93.6 million) for the fiscal year ended 31 March 2009, representing a decline of 80.65% as compared to the previous year, according to the 2008-09 annual report of IRDA released recently.
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