Premier Insurance (PIC) has earned a net profit of Rs 79 million in the first quarter of the current fiscal year. This is an increase of 36.63 percent or Rs. 21.1 million over the corresponding period of the previous fiscal year.

The company had earned a net profit of Rs 57.8 million in the corresponding period of the previous fiscal year.

Insurance's own premium has also increased by Rs 36.2 million to Rs 246.2 million. In the same period of the last fiscal year, the insurance company had earned net insurance premium of Rs 211.3 million.

The company has earned Rs 56.7 million from reinsurance commission and Rs 23.4 million from investment loans and other sources.

With a paid-up capital of Rs 1.74 billion, the insurance has a reserve fund of Rs 363 million, an insurance fund of Rs 711.9 million and a catastrophe reserve fund of Rs 66 million.

During this period, the insurance company has issued 41,445 insurance policies and earned an insurance premium of Rs 456.3 million. During this period, 8 thousand 653 insurance policies of the company have been renewed.

During this period, the company has paid Rs 473.3 million for 1,489 claims and Rs 2.63 billion for 4,564 claims.

Insurance's earnings per share is Rs 29.42, net worth per share is Rs 204.03 and price-to-earnings ratio is 25.76 times.