During the period, the company paid Rs 5.02 million in an insurance claim. The company earned a net profit of Rs 93.5 million.
The company with a paid-up capital of Rs 1.50 billion has a reserve fund of Rs 96.7 million, life insurance fund of Rs 354.6 million and disaster fund of Rs 9.3 million.
During the period, the company collected a total insurance premium of Rs 865 million from 69,590 insurees.
The company has already endorsed a proposal of issuing IPO worth Rs 645 million in the last AGM. The company has appoint Nepal SBI Merchant Banking as its issue manager in this regard.