Kathmandu. Protective Micro Insurance has published the revised financial statements for the fourth quarter of the fiscal year 2081/82 BS. According to the company’s financial statements, most of the company’s indices have increased.
The company has a share capital of Rs 525 million and a special reserve of Rs 2.319 million. The disaster fund has Rs 231,000. The amount of redemption is Rs 533,000. Other equities have rs 15.91 lakh.
During the review period, the company collected a total insurance premium of Rs 186.9 million. In the same period of the previous year, the company had collected a total insurance premium of Rs 27.84 million. Compared to the previous year, the company’s jump insurance premium has increased by 571 percent. During this period, the company has spent Rs 130.1 million through reinsurance. In the same period last year, the company had spent Rs 23.1 million through reinsurance.
During this period, the company has collected Rs 56.7 million in net insurance premium. In the same period last year, the company had collected Rs 4.73 million in net insurance premium. Compared to the previous year, the company’s net insurance premium has increased by 1098 percent.
During the review period, the company posted a net profit of Rs 1.2million. The company had posted a profit of Rs 710,000 in the year-ago period. The company’s profit has increased by 79 percent compared to the previous year.
