As per the report, it earned a net profit of Rs 254.4 million during the period. The net profit increased by 29.51 percent compared to Rs 196.4 million of the corresponding period of the last FY.
In the review period, it collected net insurance premium of Rs 3.38 billion. Similarly, it earned Rs 157.5 million from investment, loans and other income.
During the period, the company paid Rs 247.2 million in net claim and has spent Rs 825 million in reinsurance commission.
The company with Rs 7 billion in paid-up capital has reserve fund of Rs 385.8 million, insurance fund of Rs 136.9 million and disaster fund of Rs 15 million.
The company is issuing IPO worth Rs 3 billion, after which its paid-up capital will reach Rs 10 billion.
