Youngest non-life insurance company presents its fourth quarter report; income from other sources leads net profit to Rs 2.006 crore

Sun, Aug 12, 2018 5:06 AM on Financial Analysis, Latest, Stock Market,

The youngest member in the non-life insurance sector i.e. Ajod Insurance Limited has registered net profit worth Rs 2.006 crore in the fourth quarter report. The company has come into operation from Ashadh 21, 2075.

The non-life insurance company has been able to generate Rs 3.23 crore from the investment loans and other incomes.

The insurance company has a paid-up capital of Rs 70 crore with Rs 90 lakh in the reserves and Rs 1 crore in the Insurance fund.

Within the period of its operation, the non-life insurance company has collected Rs 1.38 lakh as the net insurance premium with Rs 4.88 lakh as the reinsurance commission.

The company has issued 33 insurance policies within the evaluation period. Its EPS stands at Rs 2.87 with Net worth per share at Rs 102.87.