OIC profit net down 14%
Delhi-based Oriental Insurance company has reported a 14 per cent decline in net profit at Rs 284 crore in 2005-06.
By PTI |
NEW DELHI: Delhi-based Oriental Insurance company has reported a 14 per cent decline in net profit at Rs 284 crore in 2005-06.
The premium income of the company grew by 16.8 per cent to Rs 3,610 crore during the last fiscal as compared to Rs 3,090 crore in 2004-05.
OIC attributed the decline in net profit to continuous loss in motor insurance business, health insurance business and on accont of the losses incurred due to claims in Mumbai floods.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
