Royal Sundaram profit up 145 percent
Business Standard, 15 May, 2007
For the full year ended March 31, 2007, Royal Sundaram Alliance Insurance Company''s net profit rose to Rs. 21.18 crore against Rs 8.63 crore registered in 2005-06, a growth of 145.42 percent.
Premium income rose to Rs 600.58 crore against Rs 460.85 crore in 2005-06, recording a growth of 30.32 percent.
Of the total premium written in 2006-07, personal insurance contributed Rs. 391 crore, representing a growth of 40 percent, while commercial insurance contributed Rs 210 crore.
Motor insurance contributed 51 percent of the total premium written, while Fire and engineering segments contributed 22 percent. Accident and health segments contributed 21 percent and around 8 percent of total premium was contributed by the rural business.