The company’s solvency margin also declined to 1.66 times at the end of FY22, from 2.13 times at the end of FY21.
In the year under review, The New
While all other industries showed corporate profits – including the engine – the company’s profits were weighed down by the massive loss of business in the health insurance segment.
In the last fiscal year, the operating loss under the health insurance segment was Rs 4,843.93 crore, against Rs 1,459.97 crore recorded during FY21.
Incidentally, the company’s crop insurance business made an operating profit of Rs 214.82 crore last year, down from a loss of Rs 296.08 crore in FY21.
India’s financial capital added 3 out of 4 new student jobs between October and March
Seven brokerage and investment firms are calling for ‘buy’ for Aditya Birla Capital since it reported healthy profits in fiscal year