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Summary The non-life insurance sector recorded decent profits during Apr-Jun.
According to Investment Cap, investment income contributes 68 percent to before-tax profits, while core income improved, major support was provided by sector’s investment income (rising by huge 471 percent YoY in 1HCY11), contributing 68 percent to sector’s before-tax profits.However, during the last six months, market capitalization of the insurance sector (representing its market performance) remained in a narrow range and declined by 5.5 percent amidst lack of interest showed by the investors due to slow economic activities and poor law and order situation.
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