Kathmandu. Star Micro Insurance has published its financial results for the first quarter of the current fiscal year. According to the financial report, most of the company’s indices have seen attractive growth during the review period.
In the first quarter, the company earned a total insurance premium of Rs 4.66 crores. During the review period, the company earned a net insurance premium of Rs 1.82 crores. The company’s total premium has increased by 156 percent compared to the previous year.
During the period, the company earned Rs 1.77 crore in net insurance premium. The company had posted a net insurance premium of Rs 57.25 crore in the same quarter last year. The company’s net premium has increased by 209 percent compared to the previous year.
The company has paid-up capital of Rs 52.50 crore and has Rs 24.90 lakh in special reserve, Rs 2,49,000 in catastrophe fund, Rs 12.21 lakh in retained earnings and Rs 92.32 lakh in other equity.
The company earned a net profit of Rs 16.41 crore during the period. The company had posted a net profit of Rs 14.45 crore in the same quarter last year. The company’s profit has increased compared to the previous year.
