Everest Insurance Posts Rs 20.38 Crores In Net Profit [Q4 Report]

August 15, 2021 | Investopaper

Everest Insurance Company Limited (EIC) has reported a slight rise in profit in the fiscal year 2077/78. As per the unaudited report, the insurance earned a net profit of Rs 20.38 crores. In the previous fiscal year 2076/77, Everest Insurance had posted a net profit of Rs. 20.26 crores. The company collected a total premium of Rs 101.43 crores during this period.

Also Read: Everest Insurance Q3 Report, FY 2077/78

The major financial indicators of Everest Insurance in the fiscal year 2077/78 include:

Everest Insurance- Major Financial Indicators For FY 2077/78

Paid-up Capital: Rs 118.36 Crores

Reserve & Surplus: Rs 38.33 Crores

Insurance Fund: Rs 42.67 Crores

Total Investments: Rs 169.02 Crores

Total Premium: Rs 101.43 Crores

Net Premium: Rs 43.61 Crores

Net Claim: Rs 22.83 Crores

Total Outstanding Claim: Rs 95.37 Crores

Net Profit: Rs 20.38 Crores

Management Expenses: Rs 17.25 Crores

Number Of Policies: 101,504

Earnings Per Share (EPS): Rs 17.22

Networth Per Share: Rs 168.44

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The fourth-quarter report of Everest Insurance is summarized in the table below:

Everest Insurance (EIC): Financial Highlights, FY 2077/78

Financial Indicators Q4, FY 2077/78 Q4, 2076/77 Percent Change
Paid-up Capital (Rs. ‘crores’) 118.36 109.59 8.00
Reserve & Surplus (Rs. ‘crores’) 38.33 28.14 36.21
Insurance Fund  (Rs. ‘crores’) 42.67 32.47 31.41
Total Investments & Loans (Rs. ‘crores’) 169.02 176.82 -4.41
Total Premium (Rs. ‘crores’) 101.43 91.83 10.45
Net Premium  (Rs. ‘crores’) 43.61 40.3 8.21
Net Claim (Rs. ‘crores’) 22.83 18.44 23.81
Total Outstanding Claim (Rs. ‘crores’) 95.37 135.59 -29.66
Net Profit  (Rs. ‘crores’) 20.38 20.26 0.59
Management Expenses (Rs. ‘crores’) 17.25 16.71 3.23
Number Of Policies 101,504 79,502 27.67
Earnings Per Share (Rs.) 17.22
Networth Per Share (Rs.) 168.44
Market Price Per Share (Rs.) [Ashad end, 2078 BS] 771
P/E Ratio 44.77

Source: Unaudited Q4 Report, FY 2077/78


The above figures are based on the un-audited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.

Note: If you want to see the reports of other companies, Click Here.


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