Kathmandu. Sanima GIC Insurance Company has published its first quarter financial report of the current FY. According to the details published by the company, there has been an increase in the indices of insurance fund and net insurance premium earnings.

In the review period, the company made a net profit of Rs 20.02 crores. In addition, the company’s net premium has increased by 3.39 percent. During the period, the company posted a net turnover of Rs. 11.19 crores.

Similarly, the company’s total insurance claim payment has increased by 124%. According to the published financial report, the company paid a total insurance claim of Rs 33.76 crore in the first three months. Investment and interest income has also decreased by 45 percent. In the review period, the company’s income was limited to Rs 2,90,000. In addition, the company earned Rs 21.73 crore with a total income of Rs 41.75 crore.

The company has paid-up capital of Rs 2.15 billion and has deposit of Rs 5.32 billion. Out of this, Rs 1.94 crore has negative reserve fund and Rs 45.4 million in the disaster fund. The company’s earnings per share was negative at Rs 37.