May 12, 2022 | Investopaper
Neco Insurance Company Limited (NIL) has reported a slight decline in the net profit until the third quarter of the fiscal year 2077/78. The insurance earned a net profit of Rs. 34.26 crores in the nine months of current fiscal year. In the last fiscal year, Neco Insurance had earned a profit of Rs. 35.09 crores until the third quarter.
At the end of Chaitra 2078 BS, Neco insurance has collected a total premium of Rs. 224.11 crores, a growth of more than 13 percent from the last year. The net premium stood at Rs. 137.63 crores. During this period, the net claim increased to Rs. 60.83 crores.
Based on the unaudited report, the annualized Earnings Per Share (EPS) and net-worth per share are at Rs 30.02 and Rs 230.05 respectively.
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The unaudited third-quarterly report of Neco Insurance is summarized in the table below:
Neco Insurance (NIL): Q3 Report Summary, FY 2078/79
|Financial Indicators||Q3, F.Y. 2078/79||Q3, F.Y. 2077/78||Percent Change|
|Paid-up Capital (Rs. ‘crores’)||152.16||131.74||15.50|
|Reserve & Surplus (Rs. ‘crores’)||62.22||68.23||-8.81|
|Insurance Fund (Rs. ‘crores’)||127.07||100.71||26.17|
|Total Investments (Rs. ‘crores’)||450.64||376.04||19.84|
|Total Premium (Rs. ‘crores’)||224.11||197.24||13.62|
|Net Premium (Rs. ‘crores’)||137.63||136.04||1.17|
|Net Claim (Rs. ‘crores’)||60.83||45.05||35.03|
|Total Outstanding Claim (Rs. ‘crores’)||216.18||109.77||96.94|
|Net Profit (Rs. ‘crores’)||34.26||35.09||-2.37|
|Management Expenses (Rs. ‘crores’)||30.77||24.1||27.68|
|Number Of Policies||237652||224,394||5.91|
|Earnings Per Share (Rs.)||30.02|
|Networth Per Share (Rs.)||230.05|
|Market Price Per Share (Rs.) [Chaitra end, 2078 BS]||894|
Source: Unaudited Q3 Report, FY 2078/79
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, 2078 BS. At current, the numbers may vary.
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