During the review period, the company earned Rs 663.7 million in net insurance premium compared to Rs 779.3 million of the previous FY.
The company earned Rs 200.5 million from reinsurance commission and Rs 69.9 million from investment, loan and other income during the period.
In the review period, the company earned Rs 259.8 million in net profit. The net profit increased by Rs 21.1 million compared to Rs 238.7 million of the previous FY.
The company with Rs 880 million in paid-up capital is preparing to issue 20 percent right share to meet the minimum paid-up capital of Rs 1 billion as per IB directive.
The company maintained Rs 568.9 million in insurance fund, Rs 264.9 million in reserve fund and Rs 52.8 million in disaster fund.
Till date, the company issued 128,983 insurance policies and earned Rs 1.36 billion in total insurance premium. The company paid Rs 754.7 million to 5,474 claims and has outstanding payment of Rs 712.8 million to 2,892 claims.
During the period, the company maintained EPS of Rs 29.52, net worth per share of Rs 200.84 and P/E ratio of 14.56 times.
