Protective Micro Insurance Sees Decline in Q2 Profit

Kathmandu – Protective Micro Insurance Limited has released its financial statement for the second quarter of the current financial year, reflecting a decline in profit despite maintaining strong financial indicators.

The company reported a profit of Rs 7,34,000 during the review period, marking a 23.22% drop compared to the profit of Rs 9,56,000 recorded in the same period of the previous financial year.

During this period, the company earned a total insurance fee income of Rs 103.7 million. Protective Micro Insurance has also accumulated Rs 33 million in its reserve fund and Rs 3.8 million in its disaster fund, further solidifying its financial position.

The company’s paid-up capital stands at Rs 520 million, while its non-life insurance fund has reached Rs 5.66 million. Earnings per share (EPS) for the company is reported at Rs 0.48.