During the period, the company collected Rs 2.89 billion in net insurance premium, a 21.49 percent growth compared to Rs 2.37 billion of the corresponding period of the last FY.
Similarly, the company earned Rs 436.9 million from investment, loans and other income and Rs 36.3 million from loans against policies of Rs 565.8 million.
Along with its net insurance premium, its net profit increased by 78.88 percent to Rs 182.4 million. It earned net profit of Rs 101.9 million in the review period of the last FY.
The company with Rs 2.80 billion in paid-up capital is preparing to issue IPO at premium rate. The company has applied of issue ordinary shares at Rs 276 including face value of Rs 100 and premium of Rs 176. The company will issue 12 million units of shares accumulating Rs 3.31 billion from the issue.
After the issue, the paid-up capital of the company will reach Rs 4 billion.
During the period, the company issued 129,598 policies collecting a total of Rs 3.98 billion insurance premium. Moreover, it paid Rs 834.7 million to 487 claims and has outstanding claim payment of Rs 41.3 million to 45 polices.
The company logged EPS of Rs 8.69 and net worth per share of Rs 143.67.
