Siddhartha Insurance profit inches up 0.98% to Rs 8.31 crore

ShareSansar, May 21:

Siddhartha Insurance Limited (SIL) has reported a marginal growth in profit for the third quarter of 2071/72. The insurance company’s profit rose 0.98 % to Rs 8.31 from Rs 8.23 crore reported in the corresponding quarter of 2070/71.

The company’s net earnings from premiums grew to Rs 34.96 crore from Rs 26.91crore in the same quarter last year.

Siddhartha’s policy subscribers decreased to 57,220 by the end of this quarter from 57,960 reported in the same period of last year.

The insurance company has a paid up capital of Rs 25.08 crore. It’s annualized EPS stands at Rs 33.15 and net worth per share at Rs 222.22.