In the review period, the company earned a net profit of Rs 198.5 million. The net profit increased by Rs 56.8 million compared to Rs 141.6 million of the corresponding period of the previous FY.
However, its net insurance premium decreased by Rs 57.8 million to Rs 270.9 million compared to Rs 328.8 million of the previous FY.
During the period, the company earned Rs 150.3 million in reinsurance commission and Rs 72.3 million in investment, loan and other income.
In the previous FY, the company earned Rs 101.1 million in reinsurance commission and Rs 64.5 million in investment, loan and other income.
The company with Rs 1.02 billion in paid-up capital has reserve fund of Rs 255.2 million, insurance fund of Rs 473 million and disaster fund of Rs 32.8 million.
Till date, the company issued 46,205 insurance policies and earned Rs 1.45 billion in total insurance premium. Similarly, it paid Rs 941.6 million in 5,829 claims while it has an outstanding claim of Rs 1.49 billion payable to 1,053 policies.
In the review period, the company has EPS of Rs 19.33, net worth per share of Rs 174.10 and P/E ratio of 18.11 times.
