Reliance Nippon Life Insurance Company, a subsidiary of Reliance Capital, announced its financial results for the quarter ended September 30, 2017.

The key performance highlights are; Individual WRP was Rs 1.65 billion (USD 25 million) a YoY increase of 4%; Average ticket size improved to over Rs 34,000 in Q2 FY18 a YoY increase of 33%;  Assets under Management stood at Rs 179.83 billion (USD 2.8 billion) a YoY increase of 11%; Embedded Value rose from Rs 30.47 billion to Rs 31.47 billion (USD 484 million) as on
September 30, 2017.

''We have achieved significant progress across business parameters in this fiscal, driven by robust strategy and strong execution capabilities. Our focus continues towards building a profitable and customer centric growth story, driven by higher agency productivity and a favourable product mix,'' said Ashish Vohra, ED & CEO, Reliance Nippon Life Insurance Company.

Shares of the company gained Rs 10, or 1.77%, to trade at Rs 576.20. The total volume of shares traded was 310,256 at the BSE (1.09 p.m., Tuesday).