In the review period, it earned Rs 12 million in interest from loan against polices and Rs 71.8 million from investment, loan and other.
The company earned a net profit of Rs 66.8 million in the third quarter of the current FY compared to Rs 65.8 million of the corresponding period of the last FY. The net profit increased by 1.50 percent during the period.
The company that has Rs 1.40 billion in paid-up capital is gearing up for IPO worth Rs 600 million. After the IPO issue, the paid-up capital will reach Rs 2 billion.
It has a reserve fund of Rs 160.8 million, a catastrophe fund of Rs 17.8 million and a life insurance fund of Rs 1.33 billion.
By the review period, it issued 23,319policies and has earned Rs 794.9 million in total insurance premium. Moreover, it paid Rs 29.2 million to 7 claims and has an outstanding payment of Rs 870,000.
