Kathmandu. Trust Micro Insurance has published the revised financial statements for the third quarter of the fiscal year 2081/82 BS. According to the financial statements published by the company, most of the indicators of the company’s profit have increased.
With a share capital of Rs 522.5 million, the company has a special reserve of Rs 5.47 million and a disaster fund of Rs 547,000. The amount of recorded earnings is Rs 48.16 lakh. The other equity is worth Rs 1.7 million.
During this period, the company collected a total insurance premium of Rs 78.75 million. In the same period of the previous year, the company had collected a total insurance premium of Rs 2.38 million. The company’s net insurance premium is higher than the previous year.
During this period, the company has spent Rs 52.2 million through reinsurance. In the same period last year, the company had spent Rs 1.74 million through reinsurance.
During this period, the company has collected Rs 26.4 million in net insurance premium. In the same period last year, the company had collected Rs 638,000 as net insurance premium. The company’s net insurance premium is higher than the previous year.
During the review period, the company posted a net profit of Rs 3.7million. The company had posted a profit of Rs 11.4 million in the year-ago period. The company’s profit has decreased compared to the previous year.
