General Insurance Collects Rs 52.28 Crores As Premium (Q3 Report)
May 10, 2021 | Investopaper
General Insurance Company Limited (GIC) has reported a premium collection of Rs 52.28 crores until the third quarter of the current fiscal year 2077/78. The premium has grown by 25 percent as compared to the corresponding period of the previous fiscal year. With the increase in premium, the company’s net profit has surged by 107 percent to Rs 6.36 crores.
The third quarter report of General Insurance is summarized in the table below:
General Insurance (GIC): Third Quarterly Report Summary, FY 2077/78
| Financial Indicators | Q3, F.Y. 2077/78 | Q3, F.Y. 2076/77 | Percent Change |
| Paid-up Capital (Rs. ‘crores’) | 100 | 70 | 42.86 |
| Reserve & Surplus (Rs. ‘crores’) | 7.56 | 3.76 | 101.06 |
| Insurance Fund (Rs. ‘crores’) | 8.84 | 4.1 | 115.61 |
| Total Investments (Rs. ‘crores’) | 127.26 | 111.31 | 14.33 |
| Total Premium (Rs. ‘crores’) | 52.28 | 41.6 | 25.67 |
| Net Premium (Rs. ‘crores’) | 16.36 | 19.5 | -16.10 |
| Net Claim (Rs. ‘crores’) | 4.59 | 5.03 | -8.75 |
| Total Outstanding Claim (Rs. ‘crores’) | 25.96 | 11.81 | 119.81 |
| Net Profit (Rs. ‘crores’) | 6.36 | 3.06 | 107.84 |
| Management Expenses (Rs. ‘crores’) | 12.53 | 10.75 | 16.56 |
| Number Of Policies | 61,313 | 40,657 | 50.81 |
| Earnings Per Share (Rs.) | 8.49 | ||
| Networth Per Share (Rs.) | 117.02 | ||
| Market Price Per Share (Rs.) [Chaitra end, 2077 BS] | 741 | ||
| P/E Ratio | 87.28 |
Note:
The above figures are based on the unaudited 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.
The share price, as well as the P/E ratio, is based on the data of Chaitra end, 2077. At current, the numbers may vary.
If you want to see the reports of other companies, Click Here.
