General insurance company, United India Insurance Company Limited, has registered a increase of 65 per cent in its net profit at Rs 159.36 crore for the first quarter ended June 30, 2011.
Company's growth on the collection of premium grew at Rs 2,021 crore, registering a growth of 23 per cent over the year-ago period.
At the first quarter-end, the market value of the company's total investment portfolio was at Rs 16,291.47 crore as compared to Rs 15,210.15 crore it posted in the last year.
During the current fiscal, the company is expecting to complete a premium of Rs 8,000 crore at a growth rate of over 25%.
United India Insurance Company Limited (UIIC) has more than three decades of experience in non-life insurance business. The company was formed by the merger of 22 companies.
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