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Public Sector General Insurers Achieve Financial Turnaround
February 14, 2025
|Mint Chennai
Public sector general insurance companies that have historically reported losses, witnessed a major turnaround with all of them becoming profitable again, the finance ministry said on Thursday.
While Oriental Insurance Co. Ltd (OICL) and National Insurance Co. Ltd (NICL) started posting quarterly profits from Q4 of FY24 and Q2 of FY25 respectively, United India Insurance Co. Ltd (UIICL) posted profit in Q3 of FY25 after a gap of 7 years. Notably, N
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