Bajaj Allianz sustains profitability in Q1 FY 10-11
Bajaj Allianz sustains profitability in Q1 FY 10-11
- Bajaj Allianz Life Insurance posts profit of Rs. 169 crores in Q1 2010-11
- Bajaj Allianz General Insurance posts a profit of Rs. 31 crores in Q1 2010-11
- GWP for Bajaj Allianz General stood at Rs. 718 crore while for Bajaj Allianz Life, GWP stood at Rs. 1845 crore
Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance, one of the largest private insurers in their respective sector have emerged profitable in the first quarter of financial year 2010-11.
Profits
- Bajaj Allianz Life Insurance posted a profit for the Q1 (April-June 2010) of Rs. 169 crore as against Rs. 68 crore of the corresponding quarter of the previous year.
- Bajaj Allianz General Insurance posted a profit after tax of Rs. 31 crore in Q1 2010-11 as against Rs.27 crore for the corresponding quarter last year.
Premium Income
- Bajaj Allianz Life Insurance garnered Gross Written Premium (GWP) of Rs.1845 crore in comparison to 2001 of Q1 2009-10 while Bajaj Allianz General collected Rs. 718 crore as against Rs. 635 crore of previous year
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