Neco Insurance Posts Net Profit Of Rs 55.01 Crores In FY 2078/79 [Q4 Report]
August 16, 2022 | Investopaper
Neco Insurance (NIL) has reported a 9 percent growth in net profit. As per the un-audited fourth quarterly report of the fiscal year 2078/79. NIL has earned Rs 55.01 crores in net profit. In the previous fiscal year 2077/78, such profit stood at Rs 50.45 crores.
The company collected a total premium of Rs 285.38 crores. Likewise, the net premium income has increased to Rs. 172.5 crores.
Looking into per share ratios, NIL has an Earnings Per Share (EPS) of Rs 31.44. Similarly, the net-worth per share is Rs. 211.90
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Dividend History Of Neco Insurance Company Limited (NIL)
Neco Insurance (NIL)- Major Financial Indicators For FY 2078/79
Paid-up Capital: Rs 174.98 Crores
Reserve & Surplus: Rs 48.73 Crores
Insurance Fund: Rs 137.44 Crores
Total Investments: Rs 448.31 Crores
Total Premium: Rs 285.38 Crores
Net Premium: Rs 172.5 Crores
Net Claim: Rs 84.36 Crores
Total Outstanding Claim: Rs 196.43 Crores
Net Profit: Rs 55.01 Crores
Management Expenses: Rs 48.98 Crores
Number Of Policies: 298,820
Earnings Per Share (EPS): Rs 31.44
Networth Per Share: Rs 211.90
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The fourth-quarterly report of Neco Insurance is also summarized in the table below:
Neco Insurance (NIL): Report Summary, FY 2078/79
| Financial Indicators | FY 2078/79 | FY 2077/78 | Percent Change |
| Paid-up Capital (Rs. ‘crores’) | 174.98 | 152.16 | 15.00 |
| Reserve & Surplus (Rs. ‘crores’) | 48.73 | 46.8 | 4.12 |
| Insurance Fund (Rs. ‘crores’) | 137.44 | 109.93 | 25.03 |
| Total Investments (Rs. ‘crores’) | 448.31 | 372.04 | 20.50 |
| Total Premium (Rs. ‘crores’) | 285.38 | 241.55 | 18.15 |
| Net Premium (Rs. ‘crores’) | 172.5 | 165.08 | 4.49 |
| Net Claim (Rs. ‘crores’) | 84.36 | 62.93 | 34.05 |
| Total Outstanding Claim (Rs. ‘crores’) | 196.43 | 169.93 | 15.59 |
| Net Profit (Rs. ‘crores’) | 55.01 | 50.45 | 9.04 |
| Management Expenses (Rs. ‘crores’) | 48.98 | 37.48 | 30.68 |
| Number Of Policies | 298,820 | 302,729 | -1 |
| Earnings Per Share (Rs.) | 31.44 | ||
| Networth Per Share (Rs.) | 211.90 | ||
| Market Price Per Share (Rs.) [Ashad end, 2079 BS] | 694 | ||
| P/E Ratio | 22.07 |
Source: Unaudited Q4 Report, FY 2078/79
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.
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