NLG Insurance Increase Reserve fund by 130%

May 15, 2019 Merolagani

NLG Insurance (NLG) has increased its reserve fund by 131 percent to Rs 198.7 million in the third quarter of the current FY compared to Rs 112.9 million of the corresponding period of the last FY.

In the review period, the earned Rs 153.4 million in net profit in the review period. Such profit was Rs 151 million in the corresponding period of the last FY.  

Similarly, it earned net insurance premium of Rs 556 million in the third quarter of the current FY compared to Rs 556 million of the corresponding period of the last FY.

The company paid Rs 329.7 million in claims and has earned Rs 188 million in reinsurance commission.

The company with Rs 640.4 million in paid-up capital has an insurance fund of Rs 784.1 million and disaster fund of Rs 54.6 million.


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SEBON Reinstate Same Old Mantra; New Stock Exchange for Market Development

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