Nepal Insurance Reports 17 Percent Growth In Profit (Q2 Report)
February 11, 2021 | Investopaper
Nepal Insurance, the pioneer non-life insurance company of Nepal has reported decent growth in performance until the second quarter of this fiscal year 2077/78.
Net Profit
The net profit of the company has gone up by 17 percent as compared to the same period of the previous fiscal year. Nepal Insurance earned Rs. 10.26 crores in the first 6 months, up from Rs. 8.74 crores of the last year.
Premium Collection
The total premium collection has increased by almost 4 percent to Rs. 64.33 crores. In the previous year, Nepal Insurance had collected a total premium of Rs. 62.01 crores in the first six months. Likewise, the net premium income has surged by 44 percent to Rs. 39.90 crores. Last year, the insurance had earned Rs. 32.19 crores as the net premium income until the second quarter.
Paid-Up Capital, Reserve & Insurance Fund
As of Poush end 2077 BS, Nepal Insurance has a paid-capital of Rs. 115.03 crores. Likewise, the reserve and surplus have gone up by 21 percent to Rs. 39.02 crores. Looking into the insurance fund, Nepal Insurance has accumulated Rs. 47.34 crores, a growth of 38 percent from the corresponding period of the previous fiscal year.
Total Investment
Nepal Insurance has made a total investment (short term plus long term) of Rs. 254.99 crores, a rise of 12.59 percent from the previous year same period. Until the second quarter of the last year, the total investment stood at Rs. 226.47 crores.
Claim
In the first six months, the company has paid a net claim of Rs. 7.84 crores. Likewise, the total outstanding claim stood at Rs. 98.13 crores.
Earnings Per Share (EPS) and Net worth Per Share
The annualized per-share earnings (EPS) of Nepal Insurance is at Rs. 17.85. Likewise, the net-worth per share is Rs. 175.08
Also Read:
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The summarized version of the second-quarter report of Nepal Insurance is also presented in the table below:
Nepal Insurance Second Quarter Report Summary, FY 2077/78
| Financial Indicators | Q2, FY 2077/78 | Q2, FY 2076/77 | Percent Change |
| Paid-up Capital (Rs. ‘crores’) | 115.03 | 109.55 | 5.00 |
| Reserve & Surplus (Rs. ‘crores’) | 39.02 | 32.25 | 20.99 |
| Insurance Fund (Rs. ‘crores’) | 47.34 | 34.13 | 38.70 |
| Total Investments (Rs. ‘crores’) | 254.99 | 226.47 | 12.59 |
| Total Premium (Rs. ‘crores’) | 64.33 | 62.01 | 3.74 |
| Net Premium (Rs. ‘crores’) | 39.9 | 32.19 | 23.95 |
| Net Claim (Rs. ‘crores’) | 7.84 | 7.42 | 5.66 |
| Total Outstanding Claim (Rs. ‘crores’) | 98.13 | 86.9 | 12.92 |
| Net Profit (Rs. ‘crores’) | 10.26 | 8.74 | 17.39 |
| Management Expenses (Rs. ‘crores’) | 11.17 | 11.18 | -0.09 |
| Number Of Policies | 76,558 | 86,081 | -11.06 |
| Earnings Per Share (Rs.) | 17.85 | ||
| Networth Per Share (Rs.) | 175.08 | ||
| Market Price Per Share (Rs.) [Poush end, 2077] | 676 | ||
| P/E Ratio | 37.87 |
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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