Kathmandu. Protective Micro Insurance in the last fiscal year 2082. The company has made public the unaudited financial statements of 83 years.
According to the financial report, the company has earned a profit of Rs 60.01 million in the last fiscal year. Previous fiscal year 2081. The company made a profit of Rs 12.75 lakh in the review period. The company’s net profit increased by 370.64 percent compared to the previous fiscal year.
In the review year, the company has a net worth of Rs 53.20 lakh in special reserve, Rs 5.32 lakh in catastrophe fund and Rs 52.13 lakh in other equity. In the previous year, the net worth of special reserves was Rs 23.19 lakh, Rs 2.31 lakh in catastrophe fund and Rs 46.84 lakh in other equities.
In the last fiscal year, the company’s insurance fund stood at Rs 32.66 crore. In the previous year, the insurance fund was Rs 20.55 crore. The size of the company’s insurance fund has increased by 58.92 percent compared to the previous year.
The company earned a net profit of Rs 31.13 crore in the review period. Last year, the company earned a net profit of Rs 18.69 crore. Compared to the previous year, the company’s total premium income increased by 66.56 percent.
In the last fiscal year, the company earned a net insurance premium of Rs 12.19 crore. In the previous fiscal year, the company had earned a net insurance premium of Rs 5.76 crore. Compared to the previous year, the company’s net premium has increased by 111.75 percent.
The company’s annual earnings per share (EPS) has increased to Rs 1.52 from Rs 525.5 million. Last year, the EPS was Rs. 0.24.
