The company earned a net insurance premium of Rs 142.6 million in the first quarter of the current FY compared to Rs 124.1million of the corresponding period of the last FY. The net insurance premium increased by Rs 18.4 million during the period.
Similarly, the company increased its net profit by Rs 9.4 million to Rs 40.7 million compared to Rs 31.2 million of the last FY.
In the review period, it earned Rs 37.2 million in reinsurance commission and Rs 10.7 million in investments, loans and others.
The company with Rs 1.02 billion in paid-up capital has reserve fund of Rs 225 million, insurance fund of Rs 557.2 million and disaster fund of Rs 55.5 million.
In the review period, it logged EPS of Rs 15.86, net worth per share of Rs 181.15 and P/E ratio of 32.53 times.
During the period, the company issued 27,268 insurance policies and has earned Rs 342.8 million in total insurance premium. By the period, the company paid Rs 131.9 million to 1,178 claims and has outstanding payment of Rs 303.1 million to 2,123 claims.