Rastriya Beema Sansthan Net premium rises by massive 177%; Profit declines by 33%

February 14, 2019 | Investopaper

Rastriya Beema Sansthan has published its unaudited second-quarter report of F.Y. 2075/76 today. The unaudited report shows that the net profit has declined by 32.86% to Rs. 82.93 Lakhs in the second quarter. The net profit as of the 2nd quarter previous year stood at Rs. 1.24 crores.

The net premium till the second quarter is Rs. 4.41 Arab. This is the rise of 177% from the corresponding quarter previous year. Last year, the net premium collection was Rs 1.60 Arab. The net claim is Rs. 1.51 Arab.  The net savings of life insurance till second quarter is Rs. 3.48 Arab.

Rastriya Beema Sansthan has paid up capital of Rs. 18.10 crores, a reserve of Rs. 18.25 crores and life insurance fund of Rs. 19.21 Arab. The Annualized EPS is Rs. 9.16 and net worth per share is Rs. 200.81 as of the unaudited second quarter.


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