Siddhartha Premier Insurance Releases First Quarter Financial Statements

Kathmandu – Siddhartha Premier Insurance Company has released its financial statements for the first quarter of the current fiscal year, reflecting changes across key economic indicators.

During the review period, the company recorded a net interest income of Rs 309 million, slightly lower than Rs 347.1 million in the same period last year. Total income stood at Rs 496.8 million, compared to Rs 585.7 million previously.

The company expanded its business operations during the quarter, with agent commissions increasing from Rs 487.1 million to Rs 809.2 million. Total expenses during the period were Rs 923.4 million.

Siddhartha Premier Insurance maintains a paid-up capital of Rs 2.80 billion, a share premium of Rs 4.7 million, a special reserve of Rs 2.5 billion, a disaster fund of Rs 226.1 million, and a reserve fund of Rs 728.8 million. The company’s net worth per share is Rs 265.33, while earnings per share (EPS) stood at Rs -42.55 for the period.