Kathmandu. Oriental Insurance for the financial year 2082. The company has published unrevised financial statements for the third quarter (July-March) of 2018. <\/p>\n
According to the financial report, the company has earned a profit of Rs 30.66 crore in the first nine months of the current FY. Previous fiscal year 2081. The company had posted a net loss of Rs 13.83 crore in the same period. <\/p>\n
As of the third quarter of the current FY, the company has a special reserve of Rs 1.79 billion, a catastrophe fund of Rs 7.67 crore, retained earnings of Rs 12.15 lakh and other equity of Rs 87.49 crore. As of mid-July of the previous year, the company had a net worth of Rs 1.66 billion in special reserves, Rs 63.3 million in catastrophe fund and Rs 78.19 crore in other equities. <\/p>\n
The company has insurance fund of Rs 8.82 billion. The company had posted a net profit of Rs 2.80 billion in the same period last year. The size of the insurance fund has increased by 214.85 percent. <\/p>\n
In the review period, the company earned Rs 1.80 billion in total insurance premiums. The company had posted a net profit of Rs 1,628.3 crore in the same period last year. The company’s total premium has increased by 11.03 percent in the review period compared to the previous year. <\/p>\n
The company has earned Rs 1.06 billion in net insurance premium till mid-April of the current fiscal year. The company had posted a net insurance premium of Rs 83.19 crore in the same period last year. The net trading of the company increased by 28.13 percent in the review period compared to the previous year. <\/p>\n
The company has a solvency ratio of 2.73. This ratio is more than double that fixed by the Nepal Insurance Authority. The authority has determined that the solvency ratio of non-life insurer should be above 1.3.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Oriental Insurance for the financial year 2082. The company has published unrevised financial statements for the third quarter (July-March) of 2018. According to the financial report, the company has earned a profit of Rs 30.66 crore in the first nine months of the current FY. Previous fiscal year 2081. The company had posted a […]<\/p>\n","protected":false},"author":16,"featured_media":74994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45159,45096],"tags":[71866],"class_list":["post-298590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-news-en","category-non-lifeinsurance-en","tag-q32082-83-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/298590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=298590"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/298590\/revisions"}],"predecessor-version":[{"id":298591,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/298590\/revisions\/298591"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/74994"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=298590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=298590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=298590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}