Reliance Life Insurance reports 92.79% rise in net profit in Q2 of 2076/77; Considerable rise in net earnings from premium
Mon, Feb 3, 2020 11:38 AM on Financial Analysis, Latest, Stock Market,
Reliance Life Insurance Company published its unaudited financial report for the second quarter of the current fiscal year 2076/77 today.
The company has reported a net profit of Rs 4.65 crore in this quarter up from Rs 2.41 crore of the corresponding quarter of FY 2075/76 rising by 92.79%.
The insurance company collected Rs 57.77 crore as earnings from premium in the Q2 of FY 2076/77 with a gigantic increment from last year's corresponding quarter that reported Rs. 20.93 crore.
The paid-up capital of the company is Rs 1.47 arba with Rs 13.62 crore in the reserve and surplus. It has Rs 77.59 crore in the life insurance fund of the company.
The company has been able to issue 7,632 insurance policies by the second quarter of fiscal year 2076/77.
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