Non-public sector on Saturday reported greater than 16 per cent decline in internet revenue at Rs 304 crore within the third quarter ended December 2022. The insurer’s revenue stood at Rs 364 crore in the identical quarter of the earlier fiscal, stated in a regulatory submitting.
Whole earnings elevated to Rs 26,626.71 crore within the newest December quarter from Rs 20,458.31 crore in October-December 2021.
The corporate’s solvency ratio too improved to 225 per cent from 209 per cent as on December 31, 2021. The regulatory requirement is 150 per cent.
The asset underneath administration (AUM) grew by 17 per cent from Rs 2,56,870 crore as on December 31, 2021 to Rs 2,99,990 crore as on December 31, 2022 with debt-equity mixture of 71:29, it stated. For the 9 months interval ended December, the life insurer posted a revenue Rs 940 crore as in opposition to Rs 830 crore in the identical interval a 12 months in the past.