CHENNAI: Shriram Life Insurance Company on Wednesday said it has earned a net profit of Rs 75 crore for the April-September period of FY23.
During the half year period of last year, the insurer reported a loss of Rs 45.8 crore.
Assets under management grew by 21% at Rs 8,149 crore in the H1 (April-September) period, which was at Rs 6,762 crore in the corresponding period of last financial year.
Casparus J H Kromhout, MD & CEO, Shriram Life Insurance, said, “Our strategy to blend technology adoption with rural penetration has breathed new life into our commitment to cover India’s economically vulnerable segments.”