Acko Surpasses Rs 2,000 Cr Revenue, Reduces Losses in FY24

NewsAnchor · 2024-10-15T08:36:14.098240+05:30

- Acko, a new-age insurance firm, has surpassed the Rs 2,000 crore revenue mark in FY24, a 19.8% increase from FY23. - The company also managed to reduce its losses by 9%, bringing them below Rs 700 crore. - Gross premium earned accounted for 73.35% of total income, showing a 33.9% growth to Rs 1,587 crore. - Acko's controlled costs in employee benefits, advertising, and claims paid helped reduce losses to Rs 670 crore in FY24. - The firm aims to achieve profitability by FY27, driven by its general and health insurance segments. Source: [Entrackr](https://entrackr.com/2024/10/acko-hits-rs-2000-cr-revenue-threshold-with-lower-losses-in-fy24/)

Acko, a new-age insurance firm, has surpassed the Rs 2,000 crore revenue mark in FY24, a 19.8% increase from FY23.
The company also managed to reduce its losses by 9%, bringing them below Rs 700 crore.
Gross premium earned accounted for 73.35% of total income, showing a 33.9% growth to Rs 1,587 crore.
Acko's controlled costs in employee benefits, advertising, and claims paid helped reduce losses to Rs 670 crore in FY24.
The firm aims to achieve profitability by FY27, driven by its general and health insurance segments.

Source: Entrackr

1mo ago1.5K views

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