Kathmandu. Oriental Insurance Company has released the revised financial statements for the fourth quarter of the last fiscal year 2081/82 BS.
The company’s retained earnings stood at Rs 72.5 million during the review period. Other equities are worth Rs 808.3 million. As of the review year, the company’s disaster fund stood at Rs 66.8 million. The special reserve has Rs 1.69 billion.
In the review year, the company earned a total insurance premium of Rs 2.44 billion. In the same period of the previous fiscal year, the company had earned a total insurance premium of Rs 2.11 billion. The company’s total insurance premium has increased compared to the same period of the previous fiscal year.
In this review year, the company has spent Rs 1.13 billion through reinsurance. In the same period of the previous fiscal year, the company had spent Rs 735.3 million.
The company earned Rs 1.31 billion in net insurance premium in the review year. In the same period of the previous fiscal year, the company had earned Rs 1.38 billion in net insurance premium. Compared to the previous year, the company’s net insurance revenue has decreased.
According to the financial statement, the company earned a profit of Rs 82.9 million in the review year. In the same period of the previous fiscal year, the company had earned a profit of Rs 596.1 million. Compared to the previous fiscal year, the company’s profit decreased by 86 percent in the review period.
