General Insurance Collects Total Premium Of Rs 46.57 Crores [Q2 Report]
February 8, 2022 | Investopaper
General Insurance Company Limited (GIC) has collected a total premium of Rs 46.57 crores in the first six months of the current fiscal year 2078/79. As per the unaudited second quarterly report, the premium collection has grown by more than 32 percent as compared to the same period last year.
As of Poush’s end 2078 BS, GIC has a paid-up capital of Rs 100 crores. The company has posted a net profit of Rs 5.68 crores.
The unaudited report is summarized in the table below:
General Insurance (GIC)- Financial Highlights, Q2, FY 2078/79
| Financial Indicators | Q2, F.Y. 2078/79 | Q2, F.Y. 2077/78 | Percent Change |
| Paid-up Capital (Rs. ‘crores’) | 100 | 100 | 0.00 |
| Reserve & Surplus (Rs. ‘crores’) | 13.03 | 6.62 | 96.83 |
| Insurance Fund (Rs. ‘crores’) | 14.92 | 7.48 | 99.47 |
| Total Investments (Rs. ‘crores’) | 140.13 | 125.99 | 11.22 |
| Total Premium (Rs. ‘crores’) | 46.57 | 35.04 | 32.91 |
| Net Premium (Rs. ‘crores’) | 13.5 | 11.97 | 12.78 |
| Net Claim (Rs. ‘crores’) | 5.99 | 2.76 | 117.03 |
| Total Outstanding Claim (Rs. ‘crores’) | 56.35 | 25.63 | 119.86 |
| Net Profit (Rs. ‘crores’) | 5.68 | 3.64 | 56.04 |
| Management Expenses (Rs. ‘crores’) | 9.42 | 8.55 | 10.18 |
| Number Of Policies | 38,098 | 42,715 | -10.81 |
| Earnings Per Share (Rs.) | 11.38 | ||
| Networth Per Share (Rs.) | 129.18 | ||
| Market Price Per Share (Rs.) [Poush end, 2078] | 673 | ||
| P/E Ratio | 59.14 |
Source: Unaudited Q2 Report, FY 2078/79
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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