United Ajod Insurance Limited (UAIL) has unveiled its third-quarter financial results for the fiscal year 2080/2081, showcasing a remarkable surge in net profit. The company’s net profit experienced a significant jump of 46.06%, reaching Rs. 27.42 crores compared to Rs. 18.77 crores in the same quarter of the previous fiscal year.
UAIL boasts a paid-up capital of Rs. 1.90 Arba and significant reserves, including Rs. 28.54 Crores in retained earnings, Rs. 71.63 Crores in other equity, Rs. 4.05 crores in catastrophe reserves, and Rs. 93.42 Crores as special reserves.
During the quarter under review, UAIL witnessed a notable increase of 81.57% in net premiums, amounting to Rs. 78.44 Crores in Q3 FY 2080/81 compared to the corresponding period last year. The company also generated Rs. 25.68 Crores from income derived from investments, loans, and other financial activities.
However, there was a significant 116.53% increase in net claims during the quarter, totaling Rs. 35.79 Crores. Notably, UAIL augmented its investments, reaching Rs. 4.59 Arba.
Key financial metrics further underscore UAIL’s strong performance, with an annualized earnings per share (EPS) of Rs. 19.20 and a net worth per share of Rs. 203.78.