Kathmandu. Guardian Micro Life Insurance has published the revised financial statements for the fourth quarter of the last fiscal year 2081/82 BS. According to the company’s financial statements, most of the company’s indices have increased.
The company with a share capital of Rs 750 million has a disaster fund of Rs 6.21 million. The recorded earnings are Rs 48.15 million. The other equity has rs 35.83 lakh.
In the review year, the company collected a total insurance premium of Rs 458.1 million. In the same period of the previous year, the company had collected a total insurance premium of Rs 42.2 million. The company’s total insurance premium is 985 percent higher than the previous year.
In this review year, the company has spent Rs 58.5 million through reinsurance. In the same period last year, the company had spent Rs 5.33 million through reinsurance.
In this review year, the company has collected Rs 399.5 million in net insurance premium. In the same period of the previous year, the company had collected Rs 36.9 million in net insurance premium. The company’s net insurance premium has increased by 982 percent compared to the previous year.
In the review year, the company posted a net profit of Rs 60.1 million. The company had posted a net profit of Rs 2.2million in the year-ago period. The company’s profit is significantly higher than the previous year. The company has a life insurance fund of Rs 214.9 million.
