During the period, the company collected 1.05 billion in net insurance premium. The net insurance premium grew by 14 percent compared to Rs 926.4 million of the review period of the previous FY.
It earned Rs 417.9 million from reinsurance and Rs 98 million from other sources.
The company with Rs 1.28 billion in paid-up capital has reserve fund of Rs 312.6 million, insurance fund of Rs 1.16 billion and disaster fund of Rs 91.8 million.
The company has signed a merger agreement with Premier Insurance to reach the minimum paid-up capital requirement of Rs 3 billion as directed by Insurance Board.
The paid-up capital of the company will reach Rs 2.51 billion given that the companies are mergeing with a swap ratio of 1:1.
The company logged EPS of Rs 24.93, net worth per share of Rs 222.11 and P/E ratio of 21.81 times.
The company collected a total insurance premium of Rs 2.61 billion after issuing 179,093 policies.
During the period, it paid Rs 1.37 billion to 10,414 claims and has outstanding payment of Rs 2.37 billion to 8,952 claims.
