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
Note:
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.
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