Sanima Insurance Company reports Rs 1.28 crore as net profit in Q2; collects Rs. 1.09 crore as insurance premium

Mon, Feb 11, 2019 10:21 AM on Financial Analysis, Latest, Stock Market,
Sanima Ins...

Sanima Insurance Company Limited (SAICL) has registered net profit worth Rs 1.28 crore till Poush month in the second quarter report of FY 2075/76.

The non-life insurance company has been able to generate Rs 3.39 crore from the investment, loans and other incomes.

The insurance company has a paid-up capital of Rs 70 crore with Rs 1.41 crore in the reserves and Rs 1.79 crore in the Insurance Fund.

Within the period of its operation till the month of Poush, the non-life insurance company has collected Rs 1.09 crore as the net insurance premium with Rs 99.93 lakh as the reinsurance commission.

The company has issued 2,373 insurance policies within the evaluation period.

The company is yet to float IPO of worth Rs 30 crore to the general public.

Q2 report