Paramount Life & General Insurance Corporation has served many Filipino families since the 1950s.Touching other people's lives, through our products, inspires us to do more and continuously provide the best service that our clients deserve. | Paramount Life & General Insurance Corporation

Government announces GIC RE stake sale: Offering 6.78% at discounted floor price. #etnow #gic #ofs #budget2024 #unionbudget2024 #businessnews #livebusinessnews #sharemarket #stockmarket #englishnews #trending #topnews | ET NOW

GIC Re, the public sector reinsurer, reported a 3.08% increase in net profit for Q4 FY24, reaching ₹2,642.5 crore compared to ₹2,563.84 crore in the same period last year. Sequentially, net profit surged 74% from ₹1,518 crore in Q3 FY24. For the full fiscal year FY24, net profit rose 3% to ₹6,497.30 crore from ₹6,312.50 crore in FY23. Total assets as of March 31, 2024, stood at ₹1.78 trillion, up from ₹1.57 trillion a year earlier. Ramaswamy Narayanan, CMD of GIC Re, discusses Q4 earnings, net p