Kathmandu. IGI Prudential Insurance Company (ILIC) has published its financial results for the first quarter of the fiscal year 2082/83. According to the company’s financial report, the profit of the company is negative.
The company has paid-up capital of Rs 3.02 billion and has special reserve of Rs 1.85 billion at the end of the review period. The government has Rs 9.59 crore in the disaster fund. The company has Rs 50.84 crore in other equities.
During the review period, the company earned a total insurance premium of Rs 58.78 crore. The company had earned a total insurance premium of Rs 56.41 crore in the same quarter last year. The total premium of the company increased by 4.20 percent compared to the previous year.
Similarly, the company earned Rs 24.12 crore in net insurance premium. The company had posted a net premium of Rs 22.47 crore in the same quarter last year. Compared to the previous year, the company’s net premium has increased by 7 percent.
During the period, the company posted a net loss of Rs 20.76 crore. The company had posted a net profit of Rs 6.10 crore in the same quarter last year.
During the period, the company earned Rs 27.41 per share. The net worth per share is Rs 179.41.
