In the review period, the company incurred net loss of Rs 44.7 million. The company earned net profit of Rs 257.3 million in the corresponding period of the last FY.
As per the company, it incurred loss due to increase in claim payment for devastation caused by Gen-Z Movement.
During the period, the company raised net insurance premium by 22.41 percent and total income by 5.71 percent. Similarly, its claim payment increased by 122.56 percent and total expenses by 62.15 percent.
The company maintained LPS of Rs 3.06 and net worth per share of Rs 196.64.
The company with Rs 2.92 billion in paid-up capital has special reserve of Rs 1.91 billion, catastrophe reserve of Rs 160.7 million, retained earning of Rs 161.1 million and other equity of Rs 580.3 million.
