THE National Reinsurance Corp. of the Philippines (NatRe) reported a first-half net profit of P414 million on the back of a 115-percent spike in net underwriting income amounting to P303.5 million.
"Higher net underwriting income was mainly driven by the growth of the company's Life business with lower related claims and commission costs [relative to premium] compared to 2023," the listed company said in its quarterly report posted on Monday.
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