Ajod Insurance net profit increases to Rs.3.67 Crore by the end of the fourth quarter; earnings from premium stand at Rs.15.48 Crore

Ajod Insurance Limited (AJOD) has registered a net profit worth of Rs 3.67 crore till the fourth quarter of FY 2075/76 which was Rs 1.99 crore for the corresponding quarter of FY 2074/75.

The non-life insurance company has been able to generate Rs 6.17 crore from the investment, loans and other incomes.

The insurance company has a paid-up capital of Rs 70 crore with Rs 2.46 crore in the reserves and Rs 2.83 crore in the insurance fund.

During the review period, the non-life insurance company has collected Rs 15.48 crore as the net insurance premium and Rs 6.85 crore as the reinsurance commission.

The company has issued 49,894 insurance policies till this quarter. Its EPS stands at Rs 5.25 with Net worth per share at Rs 108.10.