NBFC-major
HDFC has announced the unaudited condensed financial statements of HDFC ERGO for the nine months ended December 31, 2020.
As per HDFC's filing, HDFC ERGO's net profit increased to Rs510.12cr as of December 2020, compared to Rs294.32cr as of December 2019.
HDFC ERGO recorded higher gross written premium to Rs8,870.22cr in the latest period against Rs7,047.34cr a year ago same period. While net earned premium stood at Rs4,831.24cr as of December 2020 versus Rs3,306.86cr as of December 2019.
Further, HDFC ERGO's reserve and surplus were at Rs2,647.53cr against Rs1,675.01cr as of December 2019. This also included Rs300cr of Reserve on Amalgamation.
HDFC ERGO has made investments to the tune of Rs15,754.75cr as of December 2020 compared to Rs10,899.68cr last year same period.
At around 2.17 pm, HDFC was trading at Rs2609.70 per piece down by Rs53.05 or 1.99% on Sensex.