Future Generali FY15 PAT up 52%

FGII is a joint venture between retail major Future Group and global insurance group Generali.

Chennai

May 23, 2015 01:55 IST

Future Generali India Insurance Company (FGII) reported a 52% growth in profit after tax for the fiscal ended March at R60.29 crore, up from R39.62 crore in the year-ago period.

FGII is a joint venture between retail major Future Group and global insurance group Generali.

This is the second consecutive year that the company has reported a profit since it started operations in 2007. The gross-written premium (GWP) for the year stood at R1,480 crore against R1,303 crore last fiscal, a growth of 14%.

This article was first uploaded on May twenty-three, twenty fifteen, at fifty-five minutes past one in the night.