Rastriya Beema Company Earns Net Insurance Premium of Rs 303.3 Mn

May 14, 2019 Merolagani

Rastriya Beema Company (RBCL) has earned net insurance premium of Rs 303.3 million in the third quarter of the current FY compared to Rs 179.5 million of the corresponding period of the last FY.

 

The net insurance premium increased by Rs 123.8 million in the review period.

The company earned Rs 584.8 million in net profit in the review period. Such profit was Rs 461.3 million in the corresponding period of the last FY.  

The company earned Rs 164.9 million from reinsurance commission and Rs 212.6 million from investment, loan and other income.

The company with Rs 266.6 million in paid-up capital has insurance fund of Rs 1.64 billion and reserve fund of Rs 2.36 billion.

The company issued 10,734 insurance policies and has earned Rs 1.12 billion in total insurance premium. The company paid Rs 53.4 million to 562 claims.

During the period, the company maintained Rs 292.45 in EPS, Rs 986.24 in net worth per share and has P/E ratio of 41.49 times.


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