Kathmandu. Siddhartha Premier Insurance Company’s net profit increased by 3.63 percent to Rs 713.18 million in the same period of the previous fiscal year compared to the same period of the previous fiscal year.

In the same period of the previous fiscal year, the insurance company’s profit was Rs 688.18 million. Similarly, the company’s total income increased by 2.06 percent to Rs 3.09 billion compared to mid-June of the previous fiscal year.

The company has earned a net insurance premium of Rs 2.05 billion till mid-June of the last fiscal year. This is an increase of 11.58 percent compared to the same period of the previous fiscal year. The company’s claim payment declined by 5.29 percent to Rs 1.13 billion in the same period of the previous fiscal year compared to mid-July of the previous fiscal year.

The company’s earnings per share is Rs 25.41 and net worth per share is Rs 274.56. As of mid-July of the last fiscal year, the company had a paid-up capital of Rs 2.80 billion, rs 2.50 billion in reserve, Rs 224.36 million in disaster fund and Rs 955 million in retained earnings.