In the review period, the company earned net insurance premium of Rs 174.7 million compared to Rs 303.3 million of the review period of the last FY. The net insurance premium decreased by Rs 128.6 million during the period.
As per the company, the net insurance premium decreased due to failure to collect premium of renewed policies.
The company earned Rs 116.9 million in reinsurance commission and Rs 172.4 million from investment, loan and others.
The company with Rs 266.6 million in paid-up capital has reserve fund of Rs 2.91 billion and insurance fund of Rs 2.19 billion.
By the review period, the company issued 10,632 insurance policies and has earned Rs 1.02 billion in total insurance premium. A total of 4,435 insurance policies were renewed during the period.
The company paid Rs 94.2 million to 1,395 polices.
The company has EPS of Rs 267.22, net worth per share of Rs 1,193.71 and P/E ratio of 44.41 times.
