Ajod Insurance reports net profit of Rs. 2.60 crore till Q3 of FY 2075/76; Insurance premium collection stands at Rs 9.29 crore

Ajod Insurance Limited (AJOD) has registered a net profit worth of Rs 2.60 crore till the third quarter of FY 2075/76 which was Rs 1.23 crore for the second quarter of FY 2075/76. The company has come into operation from Ashadh 21, 2075, therefore the corresponding period of previous year's information is not available.

The non-life insurance company has been able to generate Rs 4.73 crore from the investment, loans and other incomes.

The insurance company has a paid-up capital of Rs 70 crore with Rs 1.98 crore in the reserves and Rs 2.30 crore in the insurance fund.

During the review period, the non-life insurance company has collected Rs 9.29 crore as the net insurance premium and Rs 3.67 crore as the reinsurance commission.

The company has issued 29,407 insurance policies till this quarter. Its EPS stands at Rs 3.72 with Net worth per share at Rs 106.57.