India: Biggest reinsurer shows sturdy results despite competition & global catastrophes

State controlled GIC Re, India's largest reinsurer, has posted a profit after tax of INR3,233.59 crore ($477.4 million) for the year ended 31 March 2018 (FY2018), 3.4% higher compared to INR3,127.67 crore for the previous financial year.

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