EBL’s paid up capital doubles Himalayan News Service The 10th annual general meeting (AGM) of the Everest Insurance Company Ltd (EICL) was held in the capital on Sunday. At the AGM it was informed that the EICL has recorded a net profit of Rs 17.16 million in the fiscal year 2004-05 and the net worth value of a share has also increased to Rs 470.82. The EICL has also distributed bonus shares of 1:1 as per the decision of the board of directors. With this, the company’s paid up capital has reached Rs 60 million from Rs 30 million. In the fiscal year 2004-05, the EICL collected a total of Rs 274.31 as insurance premium which is nearly equal to the 10 per cent of the total general insurance premium of the country, states the press release issued by the company. Rs 50.6 million has been collected as fire premium, Rs 116.85 as air insurance premium and Rs Rs 84.11 as auto and other insurance in the fiscal year 2004-05, adds the release. For the fiscal year 2004-05, the company has made a reserve of Rs 242.35 million as clear insurance premium claims.