Ajod Insurance reports net profit of Rs 58.72 lakh in Q1; Company collects Rs 88.87 lakh as net insurance premium

Ajod Insurance Limited has registered net profit worth Rs 58.72 lakh in the first quarter report. The company has come into operation from Ashadh 21, 2075.

The non-life insurance company has been able to generate Rs 1.72 crore from the investment loans and other incomes.

The insurance company has a paid-up capital of Rs 70 crore with Rs 2.22 crore in the reserves and Rs 29.36 lakh in the Insurance fund.

During the review period, the non-life insurance company has collected Rs 88.87 lakh as the net insurance premium with Rs 71.86 lakh as the reinsurance commission.

The company has issued 3,735 insurance policies within the evaluation period. Its EPS stands at Rs 00.84 with Net worth per share at Rs 103.79.