Rastriya Beema Company Earns Rs 83.1 Mn in Net Insurance Premium

Nov 13, 2019 12:14 PM Merolagani

Rastriya Beema Company (RBCL) has earned a net insurance premium of Rs 83.1 million in the first quarter of the current FY compared to Rs 66.7 million of the corresponding period of the last FY.

Similarly, the company earned net profit of Rs 61 million in the review period compared to Rs 50.8 million of the review period of the previous FY.

 The company with Rs 266.6 million in paid-up capital has reserve fund of Rs 2.49 billion and insurance fund of Rs 1.77 billion.

The company earned Rs 49.5 million through reinsurance commission and Rs 24.7 million from investment, loan and other income.  

By the period, the company issued 4,593 insurance policies and has earned Rs 402 million in total insurance premium. The company paid Rs 22.8 million to 363 claims during the period. It logged EPS of Rs 91.56, net worth per share of Rs 1034.56 and P/E ratio of 368.06 times during the period.

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