Premier Insurance’s 23rd AGM approves 20% stock dividend

Premier Insurance Company (Nepal) Limited has successfully conducted its 23^rd Annual General Meeting (AGM) today. The AGM has approved 20 percent bonus share and Rs. 39.29 Lakhs cash dividend (for tax purpose) to its shareholders. In a press statement, it stated that the company’s paid up capital will reach Rs 44.85 crore after bonus share distribution. The AGM has also approved to increase its authorized capital from Rs 75 crore to Rs 2 arba and issued capital from Rs. 50 crore to Rs. 1.50 arba. In FY 2072/73, Premier Insurance has earned insurance premium of Rs 1.41 arba and net profit of Rs 18.57 crore. The insurance company has also compensated 92 percent out of 887 claims that were received after the April 2015 earthquake.