Kathmandu. Liberty 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.
With a share capital of Rs 525 million, the company has a disaster fund of Rs 1.97 million. The amount of recorded earnings is Rs 15.98 million. The other equity has rs 16.72 lakh.
In the review year, the company collected a total insurance premium of Rs 326.2 million. In the same period of the previous year, the company had collected a total insurance premium of Rs 29.91 million. Compared to the previous year, the company’s jump insurance fee is 990 percent higher.
In this review year, the company has spent Rs 54.7 million through reinsurance. In the same period last year, the company had spent Rs 1.42 5 million through reinsurance.
In this review year, the company has collected Rs 271.4 million in net insurance premium. In the same period last year, the company had collected Rs 28.48 million in net insurance premium. The company’s net insurance premium has increased by 855 percent compared to the previous year.
In the review year, the company posted a net profit of Rs 11.49 million. In the same period of the previous year, the company had posted a profit of Rs 7.6million. The company’s profit has increased by 51 percent compared to the previous year. The company has a life insurance fund of Rs 192.6 million.
