Although the company increased net profit, its net insurance premium decreased by Rs 61.8 million. In the review period, the company earned a net insurance premium of Rs 387.7 million compared to Rs 449.5 million of the review period of the previous FY.
Similarly, it earned Rs 125 million from reinsurance commission and Rs 43.2 million from investment, loan and other income.
The company with a paid-up capital of Rs 1.02 billion has reserve fund of Rs 252 million, an insurance fund of Rs 538.2 million and disaster fund of Rs 48.9 million.
The company has issued 116,930 insurance policies and has earned Rs 1.03 billion in total insurance premium. By the review period, a total of 23,831 insurance policies have been renewed with the company.
By the date, the company paid Rs 707.74 million to 4,575 claims and has an outstanding claim of Rs 305.5 million to 1,846 claims.
The company logged EPS of Rs 13.87, P/E ratio of 35.56 times and net worth per share of Rs 182.20.
