Union Assurance Ltd has reported an upsurge in net profits, largely aided by its booming investment portfolio.
For the nine months ending September 2003, the insurance firm says its net profits shot up 2,300 percent to Rs. 99.7 mn.rn
rnThe investment portfolio which belongs to its Life and General fund, grew 31.7 percent to Rs. 3.4 bn during the period, UAL said Friday.rn
rnUALs premium Income from its Life and General insurance business, grew by 15 percent to Rs. 1.5 bn.rn