Kathmandu. Oriental Insurance has raised Rs. It has made a net profit of Rs. 71.54 million. The company has released its financial statements for the second quarter on March 27. According to the report, the company's profit has decreased by 97.53 percent this year as compared to last year. By the second quarter of last year, the company had earned Rs. It had made a net profit of Rs 297.8 million.

The company's earnings fell 95 percent this year, affecting profits. Last year, Rs. The company earned Rs. 324.568 million this year. It has earned only 16.146 million rupees. The reserve fund of the company, which saw a significant decrease in profit, also increased to Rs. 43.167 million is negative.

Till this period last year, the reserve fund of the company was Rs. 154.11 million was negative. The negative reserve fund has improved by about 72 percent this year. The insurance fund amount increased by 20.83 percent to Rs. 795.6 million 57 thousand has been maintained.

This year, the company has raised Rs. 544.33 million 16 thousand has been earned while the total premium has been Rs. A total of 317.297 million claims have been paid. Compared to last year, the total premium income has decreased by 7.69 percent while the total claim payment has increased by 64 percent.