Kathmandu. Trust Micro Insurance Company in the last fiscal year 2082. The company has made public the unaudited financial statements of 83 years. According to the company’s financial report, most of the indices have seen an increase.
The company with a share capital of Rs 52.50 crore has earned a profit of Rs 3,09,000 in the last FY. Previous fiscal year 2081. The company had posted a net profit of Rs 46.39 lakh in the review period. The company’s net profit has increased by 93 percent compared to the previous fiscal year.
In the review year, the company had a special reserve of Rs 37.66 lakh, a catastrophe fund of Rs 3.76 lakh, retained earnings of Rs 10.63 lakh and other equity of Rs 48.48 lakh. Last year, it was Rs 3.6 million in special reserve, Rs 3,61,000 in catastrophe fund, Rs 9,27,000 in retained earnings and Rs 48.45 lakh in other equity.
In the review period, the company earned a total insurance premium of Rs 26.51 crores. The company had posted a net profit of Rs 13.51 crore in the previous fiscal year. The company’s total premium has increased by 96 percent in the review year compared to the previous year.
The company earned a net insurance premium of Rs 10.66 crore in the review period. In the previous fiscal year, the company earned Rs 4.58 crore in net premium. The company’s net premium has increased compared to the previous year.
The solvency ratio of the company stands at 1.98 in the review year. Last year, the solvency ratio was 1.96.
