Trust Micro Insurance Reports Rs 4.63 Million Profit for FY 2081/82

Kathmandu – Trust Micro Insurance Company has published its unaudited financial statements for the fiscal year 2081/82, reflecting a mixed performance with profit contraction but notable growth in premium income and reserves.
According to the company, its net profit stood at Rs 4.63 million in FY 2081/82, compared to Rs 6.17 million in the previous year — marking a modest decline.
Despite the drop in profit, the company posted growth in insurance premium income. The total insurance premium surged to Rs 135.1 million during the review period, a sharp rise from Rs 4.78 million in the preceding year. However, the net insurance premium dropped to Rs 45.8 million, down from Rs 1.267 million last year.
The company maintains a paid-up capital of Rs 525 million. The insurer has built up a special reserve of Rs 5.93 million, a catastrophe fund of Rs 593,000, and a reserve fund totaling Rs 5.21 million.