National Insurance earns Rs 16.61 crore net profit in the Q4

National Insurance Company Limited has published its fourth quarter report for the fiscal year 2074/75. The insurance company has reported a net profit of Rs 16.61 crore in the Q4 report which was a profit of Rs 25.67 crore in the corresponding quarter of the previous fiscal year.

As per the unaudited report for the fourth quarter published today, National Insurance has negative Rs 39.25 crore in the reserve. Likewise, the company’s insurance fund has increased to Rs 98.98 crore from Rs 90.67 crore in the fourth quarter of the previous year.

The net earnings from premium rose to Rs 87.73 crore in Q4 from Rs 56.90 crore in the corresponding quarter.

The company’s number of policy holders has increased to 31,837 from 29,333 in the corresponding quarter of the previous year.