Kathmandu. Protective Micro Insurance has published the revised financial statements for the third quarter of the fiscal year 2081/82 BS. According to the company’s financial statements, most of the company’s indices have increased.
The company has a share capital of Rs 525 million and a special reserve of Rs 5 million 90 thousand. The disaster fund has Rs 509,000. The amount of recorded earnings is Rs 43.12 lakh. Other equities have rs 81,000.
During this period, the company collected a total insurance premium of Rs 99.65 million. In the same period of the previous year, the company had collected a total insurance premium of Rs 18.68 million. Compared to the previous year, the company’s jump insurance premium has increased by 433 percent. During this period, the company has spent Rs 70.1 million through reinsurance. In the same period last year, the company had spent Rs 15.3 million through reinsurance.
During this period, the company has collected Rs 29.4 million in net insurance premium. In the same period of the previous year, the company had collected Rs 3.3million in net insurance premium. The company’s net insurance premium is 790 percent higher than the previous year.
During the review period, the company posted a net profit of Rs 3.2 million. In the same period of the previous year, the company had posted a profit of Rs 2.29 million. The company’s profit is 39 percent higher than the previous year.
