IME General Insurance Reports 75 Percent Rise In Profit (Q3 Report)

May 10, 2021 | Investopaper

IME General Insurance Company Limited (IGI) has earned a net profit of Rs 18.85 crores until the third quarter of the current fiscal year 2077/78. The profit has surged by more than 75 percent as compared to the corresponding period of the previous fiscal year. Last year, such profit stood at Rs 10.73 crores.

The unaudited report is summarized in the table below:

IME General Insurance (IGI): 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’) 108.18 102.06 6.00
Reserve & Surplus (Rs. ‘crores’) 30.26 21.94 37.92
Insurance Fund  (Rs. ‘crores’) 45.32 30.47 48.74
Total Investments  (Rs. ‘crores’) 148.33 165.99 -10.64
Total Premium (Rs. ‘crores’) 114.18 99.09 15.23
Net Premium  (Rs. ‘crores’) 51.82 36.27 42.87
Net Claim (Rs. ‘crores’) 19.83 15.4 28.77
Total Outstanding Claim (Rs. ‘crores’) 63.11 64.87 -2.71
Net Profit  (Rs. ‘crores’) 18.85 10.73 75.68
Management Expenses (Rs. ‘crores’) 13.82 14.97 -7.68
Number Of Policies          106,271 73,330 44.92
Earnings Per Share (Rs.) 23.24
Networth Per Share (Rs.) 169.87
Market Price Per Share (Rs.) [Chaitra end, 2077 BS] 1257
P/E Ratio 54.09


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.


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