Sanima Life Insurance reports decline in net profit for Q2 of 2076/77; Current net profit at Rs 4.80 crore

Sanima Life Insurance Company Limited has published its second-quarter report for the fiscal year 2076/77.

According to the unaudited data published today, the net profit of the company stands at Rs.4.80 Crore in the Q2 of the FY 2076/77 which was Rs.4.89 Crore in the corresponding quarter of the FY 2075/76.

The company’s earnings from net premium is reported as Rs.40.73 Crore in current FY which has increased from the previous year’s quarter of Rs.16.84 Crores. Similarly, the number of insurance schemes has increased to 23,271, which was 11,016 in the previous year’s second quarter.

The paid-up capital stands at Rs.1.40 Arba with Rs.9.95 Crore in the reserves and surplus and Rs.67.08 Crore in life insurance fund.

Second Quarter Report