The net profit earned is 62.83 percent less than Rs 124.7 million of the corresponding period of the last FY.
During the period, the company earned Rs 2.36 billion in net insurance premium. Similarly, it earned Rs 85.2 million from investment, loans and other income.
In the review period, it paid Rs 141.7 million in claims and has spent Rs 608 million in reinsurance commission.
The company with Rs 7 billion in paid-up capital has reserve fund of Rs 177.7 million, insurance fund of Rs 136.9 million and disaster fund of Rs 15 million.
The company with authorized capital of Rs 21 billion has issued capital of Rs 10 billion and paid-up capital of Rs 7 billion. The company is preparing to issue IPO of Rs 3 billion.
After the IPO issue, the paid-up capital of the company will reach Rs 10 billion with share ownership ratio of 70:30 of promoter and ordinary shareholders.
