Kathmandu. Sagarmatha Lumbini Insurance Company has published its financial results for the first quarter of the fiscal year 2082/83. According to the company’s financial report, the company’s profit has been negative while most of the indices have increased.
The company has a paid-up capital of Rs 2.62 billion and has a special reserve of Rs 2.55 billion at the end of the review period. There is Rs 23.76 crore in the disaster fund. The company has Rs 43.34 crore in other equities.
During the review period, the company earned Rs 1.26 billion in total insurance premiums. The company had posted a net insurance premium of Rs 77.80 crore in the same quarter last year. The total premium of the company has increased by 62 percent compared to the previous year.
Similarly, the company has collected Rs 62.11 crore in net insurance premium during the period. The company had posted a net insurance premium of Rs 31.11 crore in the same quarter last year. The company’s net premium has increased by 99 percent compared to the previous year.
The company posted a net loss of Rs 26.73 crore during the period. The company had posted a net loss of Rs 8.95 crore in the same quarter last year.
During this period, the company earned Rs 40.78 (negative). The net worth per share is Rs 229.48.
