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Gross written premium rose 5.14% year-on-year to ₹11,083 crore from ₹10,541 crore, the state-owned general insurer said in its earnings release. "This second quarter has been one of the most challenging quarters for the company in recent times, more so while succeeding another equally challenging one for the entire industry," said Lavanya R Mundayur, chairman and managing director. "This quarter, GWP grew by only 5.14%, primarily due to the steep decline in property rates. The property segment suffered significant underwriting losses as well, due to multiple large-risk losses and flood claims in Gujarat, north India and northeast India." (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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