The company earned net profit of Rs 200.7 million in the last FY compared to Rs 153.6 million of the previous FY.
During the period, the company extended loan against the policy of Rs 114.3 million through which it earned an income of Rs 7.1 million. Similarly, it earned Rs 174.2 million from investment, loan and others.
The company with Rs 1.75 billion in paid-up capital is set to issue IPO worth Rs 750 million in near future after which its paid-up capital will reach Rs 2.50 billion. The company has reserve fund of Rs 496.1 million, life insurance fund of Rs 1.67 billion and disaster fund of Rs 42.7 million.
Till date, the company paid Rs 137.3 million to 115 claims and has an outstanding payment of Rs 24.9 million to 37 claims.
