In March quarter 2010, Aviva NDB Insurance group's gross premium income was up 34.4 percent to 2.08 billion rupees, while re-insurance premium had dipped 4.3 percent to 290.6 million, resulting in a net written premium income of 1.8 billion rupees, up 43.4 percent.
The group made a loss of 2.68 rupees per share in the March quarter, compared with earnings of 3.28 rupees in the same period last year.
Aviva NDB Insurance, formerly known as Eagle Insurance, was taken over by Aviva Insurance of the UK, the world's sixth largest insurance company, in January, 2010.
"The loss reported was due to the higher claims experience and the prudent increase of the IBNR (incured but not reported) provision of the general insurance business and the brand migration expenses borne by shareholders," Bill Lisle, chairman of Aviva NDB Insurance in a statement said.
"Group Profit before tax prior to brand migratio