Kathmandu: IME General Insurance Company has witnessed a minor improvement in the net insurance premium income during the first quarter of current Fiscal Year 2078/79.
According to the published financial statements, it has earned net premium Rs. 163.7 million while it was Rs. 158 million in the corresponding period of last fiscal year. The net premium income has increased with a minor point of 3.63 percent as compared to the same period of the last FY.
The company has earned a net profit of Rs. 43.5 million during the period which is 22 percent higher than the same period of last FY.
Similarly, it has paid Rs. 62.6 million net claim during the first quarter. It’s claim payment has surged by 38 percent as compared to the corresponding period of last FY.
The company has a paid-up capital of Rs. 1.15 billion and a reserve fund of Rs. 258.3 million. The company had a reserve fund of Rs. 227.8 million in the corresponding period of the previous FY. During this period, the insurance fund of the company remained Rs. 484.6 million.
The company’s earnings per share during the period stood at Rs 15.05. Net worth per share was Rs. 164.19 in the first quarter of current FY.