Nepal Insurance net premium grows by 26%

November 17, 2019 | Investopaper

Nepal Insurance, the first non-life insurance company of Nepal has reported a growth in net premium by 26 percent in the first quarter of the fiscal year 2076/77. In the first quarter, the company earned a net premium income of Rs. 15.86 crores, up from Rs. 12.58 crores of the previous year.

With the increase in net premium, the insurance posted a profit of Rs. 4.91 crores, a growth of 9.60 percent. The decline in the net claim by 32 percent also contributed to the increase in profit. Nepal insurance paid a net claim of Rs. 2.79 crores until the first quarter of this fiscal year. Similarly, the total outstanding claim has also fallen to Rs. 97.66 crores.

Also Read: Best Non-Life Insurance Companies In Nepal

With the issue of the right share, the paid-up capital has increased by 65 percent to Rs. 101.91 crores. Likewise, the reserve & surplus and the insurance fund has surged by 49 percent to Rs. 39.58 crores and Rs. 31.18 crores respectively.

Nepal Insurance has increased its total investment (long term and short term) by 21 percent to Rs. 211.60 crores.

Looking into the ratios, the Earnings Per Share (EPS) is at Rs. 19.27 while the per-share net-worth is at Rs. 169.44 crores.

The first-quarter report of Nepal Insurance is summarized in the table below:

Nepal Insurance First Quarter Report, FY 2076/77

HEADINGS 1st QTR, 2076/77 1st QTR, 2075/76 PERCENT CHANGE
Paid-up Capital (Rs. ‘crores’) 101.91 61.76 65.01
Reserve & Surplus (Rs. ‘crores’) 39.58 26.51 49.30
Insurance Fund  (Rs. ‘crores’) 31.18 20.86 49.47
Total Investments  (Rs. ‘crores’) 211.6 175.24 20.75
Total Premium (Rs. ‘crores’) 32.45 32.13 1.00
Net Premium  (Rs. ‘crores’) 15.86 12.58 26.07
Net Claim (Rs. ‘crores’) 2.79 4.14 -32.61
Total Outstanding Claim (Rs. ‘crores’) 97.66 104.47 -6.52
Net Profit  (Rs. ‘crores’) 4.91 4.48 9.60
Earnings Per Share (Rs.) 19.27
Networth Per Share (Rs.) 169.44
Market Price (Rs.)[Ashwin 30, 2076] 267
P/E Ratio 13.85


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