Everest Insurance to give 20% Dividend

Everest Insurance Company (EIC) ¿ during its 14th and 15th annual general meeting (AGM) on Tuesday ¿ has decided to distribute 20 per cent cash dividend to the shareholders from its profits. "In spite of the unfavorable conditions in the country, the company has successful posted a huge profit. "It is the first among non-life insurance companies to collect Rs 449.8 million premium during the last fiscal years," said the company adding that in this fiscal year's nine months it has already collected Rs 455.2 million as premium that 45.25 per cent higher than the premium collection of the same period in the last fiscal year, said the company

Source: THT