Prudential Insurance Earns Rs 33.2 Mn in Net Profit

Nov 16, 2018 Merolagani

Prudential Insurance (PICL) has earned a net profit of Rs 33.2 million in the first quarter of the current FY which has increased by Rs 8 million compared to the corresponding period of the last FY. In the review period of the last FY, it earned a net profit of Rs 25.2 million.

During the period, the company collected net insurance premium of Rs 137.7 million which was Rs 126.9 million of the last FY.

The company earned Rs 57.9 million through reinsurance commission and Rs 9.2 million from loan investment and other resources during the period.

The company with Rs 641.5 million in paid-up capital has reserve fund of Rs 193.2 million and insurance fund of Rs 421.8 million.  

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