Citizen Life Insurance's Q1 report shows 128% rise in net profit; Rs 33.35 crore collected as net premiums
Thu, Nov 14, 2019 12:28 PM on Financial Analysis, Latest, Stock Market,
Citizen Life Insurance Company Limited (CLICL) has published its unaudited financial report for the first quarter of the current fiscal year.
The profit has been reported as Rs. 5.01 crore till the first quarter of FY 2076/77 which was Rs. 2.19 crore in the corresponding quarter of FY 2075/76.
The insurance company collected Rs. 33.35 crore as net earnings from premium in this quarter.
The paid-up capital of the company is Rs. 1.75 arba with Rs. 37.50 crore in the reserve and surplus. It has Rs. 80.38 crore as life insurance fund of the company.
It has issued 4,237 life insurance policies till the first quarter of FY 2076/77.
