Kathmandu. Protective Micro Insurance for the financial year 2082. The company has published its unrevised financial statements for the second quarter of 2018.
According to the financial report, the company has earned a profit of Rs 62.26 lakh in the first six months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 7,34,000 till December 1982. The company’s profit increased by 748.23 percent compared to the previous fiscal year.
During the review period, the company had a special reserve of Rs 54,32,000, a catastrophe fund of Rs 5,43,000, a retained earnings of Rs 3,99,000 and other equity of Rs 47.46 lakh. As of mid-July last year, it was Rs 23.19 lakh in special reserves, Rs 2,31,000 in catastrophe fund and Rs 46,84,000 in other equities.
As of mid-January of the current fiscal year, the company’s insurance fund stood at Rs 29.06 crore. In the same period of the previous year, the insurance fund was Rs 20.55 crore. The size of the company’s insurance fund increased by 41.44 percent in the review period compared to the previous year.
During the review period, the company earned a total insurance premium of Rs 11.15 crore. The company had earned Rs 4.84 crore in total insurance premiums in the same period. Compared to the previous year, the company’s total premium income increased by 130.26 percent.
The company has earned Rs 4.09 crore in net insurance premium till mid-January of the current fiscal year. The company had earned Rs 1,31,27,000 in net insurance premium in the same period of the previous FY. Compared to the previous year, the company’s net premium has increased by 211 percent.
The company’s annual earnings per share (EPS) has increased to Rs 2.37 from Rs 52.50 crore. The EPS was Rs. 0.56 a year ago.
