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IME Life Insurance earns a net profit of Rs 36.79 crore. 

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. IME Life Insurance Company has published its financial results for the third quarter of the fiscal year 2082/83. The company’s net profit stood at Rs 36.79 crore in the first quarter of April. The company’s net profit increased by 0.43 percent compared to the corresponding period of the previous FY. The company had posted a net profit of Rs 36.63 crore in the same period last year.

The insurance company has earned Rs 5.TAG_OPEN_div_14 01 billion in net insurance premium till mid-April of the current FY. The company had posted a net insurance premium of Rs 3.60 billion in the same period of the last fiscal year. The company’s net premium has increased by 39.18 percent in the review period.

The total income of the insurance company has reached Rs 6.TAG_OPEN_div_12 17 billion including income from investment, loan and other sources. Similarly, the life insurance fund of the insurance company is very strong. In the first nine months of the last fiscal year, the fund had increased to Rs 16.83 billion from Rs 11.84 billion.

During the period, the insurance company has paid a total claim of Rs. 95.4 TAG_OPEN_div_10 6 crores.  The insurance company has extended loan of Rs 20.81 billion and loan of Rs 1.23 billion against policy collateral.

Likewise, the company’s annual earnings per share (TAG_OPEN_div_8 EPS) has increased to Rs 9.81 from Rs 5 billion. The EPS was Rs 9.77 a year ago. The company has a net worth of Rs 131.49 with a PE ratio of 45.46 times.

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