IME Life Insurance registers net profit of Rs 10.4 crore for Q4 of 2075/76; Total of Rs 88.88 crore collected as net insurance premiums

IME Life Insurance Company Limited has posted quarterly report for the fourth quarter of the year 2075/76.

The paid up capital of the company stands at Rs.1.40 Arba. The reserves of the company went up from Rs.9.84 Crore to Rs.18.16 Crore, by the end of the fourth quarter. The company created life insurance fund worth Rs.70.25 Crore.

The net profits of the company stands at Rs.10.40 Crore by the end of the fourth quarter. Net earnings from premium grew from Rs. 49.95 Crore to Rs. 88.88 Crore.

Similarly, the number of insurance policies stands at 83,285 and has provided claims to 39 policies.

The company has posted annualized EPS of Rs. 7.43 and net worth per share of Rs.113.58.

Q4 report