Ajod Insurance Earns Rs 37.6 Mn in Net Insurance Premium

Feb 08, 2019 Merolagani

Ajod Insurance has earned a net insurance premium of Rs 37.6 million in the second quarter of the current FY. During the period, the company issued 13,228 insurance policies.

In the review period, the company earned Rs 121.3 million in total insurance premium. Similarly, it earned Rs 19.1 million in reinsurance commission and Rs 2.4 million in investment, loan and other income.

During the period, the company paid Rs 2.1 million on 22 claims while it has outstanding claim amount of Rs 5.7 million on 34 claims.

The company with Rs 700 million in paid-up capital has a reserve fund of Rs 24.2 million, insurance fund of Rs 6.1 million and disaster fund of Rs 2.5 million.

The company earned a net profit of Rs 12.3 million and has maintained EPS of Rs 1.77 and net worth per share of Rs 104.72.

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