Net Profit of NLG Insurance Increases 12.76%

Aug 17, 2018 Merolagani

The net profit of NLG Insurance Company (NLG) has increased by 12.76 percent to Rs 260.4 million in the last FY compared to Rs 230.9 million of the previous FY.

In the review period, the company earned Rs 81.6 million in net insurance premium and Rs 195.1 million in reinsurance commission.

During the period, the company paid Rs 395.3 million in net claim and has Rs 221.6 million outstanding claims.

The company with Rs 640 million in paid-up capital has reserve fund of Rs 140 million. The company has insurance fund of Rs 711.5 million and disaster fund of Rs 42.1 million.

In the last FY, the company issued 167,561 policies and collected Rs 1.51 billion in premium collection.

The company has EPS of Rs 40.67 and net worth per share of Rs 239.64.

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