IME General Insurance Posts Rs 12.13 Crores In Profit | Profit Drops By 19 Percent [Q2 Report]
February 11, 2022 | Investopaper
IME General Insurance has posted a net profit of Rs 12.13 crores until the second quarter of the current fiscal year 2078/79. The net profit has declined by 19 percent as compared to the corresponding period of the previous year. Last year, IGI earned Rs 15.02 crores until the second quarter.
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The table below presents the summarized version of the quarterly report published by IME General Insurance.
IME General Insurance (IGI) : Q2 Report Summary, FY 2078/79
| Financial Indicators | Q2, F.Y. 2078/79 | Q2, F.Y. 2077/78 | Percent Change |
| Paid-up Capital (Rs. ‘crores’) | 115.75 | 108.18 | 7.00 |
| Reserve & Surplus (Rs. ‘crores’) | 30.42 | 28.87 | 5.37 |
| Insurance Fund (Rs. ‘crores’) | 53.05 | 43.53 | 21.87 |
| Total Investments (Rs. ‘crores’) | 158.24 | 181.01 | -12.58 |
| Total Premium (Rs. ‘crores’) | 82.66 | 71.13 | 16.21 |
| Net Premium (Rs. ‘crores’) | 37.63 | 36.39 | 51.27 |
| Net Claim (Rs. ‘crores’) | 13.72 | 9.07 | 96.49 |
| Total Outstanding Claim (Rs. ‘crores’) | 120.19 | 61.17 | 96.49 |
| Net Profit (Rs. ‘crores’) | 12.13 | 15.02 | -19.24 |
| Management Expenses (Rs. ‘crores’) | 12.07 | 8.37 | 44.21 |
| Number Of Policies | 65,482 | 72,125 | -9.21 |
| Earnings Per Share (Rs.) | 20.97 | ||
| Networth Per Share (Rs.) | 172.11 | ||
| Market Price Per Share (Rs.) [Poush end, 2078] | 1141.2 | ||
| P/E Ratio | 54.42 |
Source: Unaudited Q2 Report, FY 2078/79
Note:
The above figures are based on the unaudited second-quarter 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 Poush end, 2078 BS. At current, the numbers may vary.
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