The profit of non-life insurance companies increased by 49 percent

Kathmandu : Non-life insurance companies have released unrevised financial statements for the second quarter. Till this period, 13 out of 14 companies currently operating in Nepal have published their financial statements. Compared to the last financial year, the profit of insurance companies has increased by 49 percent, according to the financial statement published by the company.

The company, which earned a profit of 1.87 billion 52 million rupees last year, has earned a profit of 2.78 billion 73 million rupees this year. Nepal Insurance Company, which is in the race to meet its paid-up capital, has earned a net profit of 49.77 million rupees till the review period.

National Insurance Company is in second place. This company has earned a net profit of Rs.crore 72 lakh by the second quarter. Siddharth Premier Insurance, which earned a net profit of Rs.36.9 million, is in the third position.Nepal Insurance, which is in the forefront, is ahead in the growth rate.

The company’s profit has increased by 232.33 percent. Prabhu Insurance, which earns 100 percent more profit, is also in the forefront.Siddharth Premier Insurance has succeeded in increasing the profit by 117.34 percent.National Insurance has a loss of 1 crore 7 lakh rupees.