NLG Insurance Reports 19 Percent Drop In Net Profit [Q3 Report]

May 11, 2022 | Investopaper

NLG Insurance Company Limited (NLG) has reported a decline in net profit by 19 percent in the nine months of the current fiscal year 2078/79 as compared to the corresponding period of the previous fiscal year. The insurance company has posted a net profit of Rs 17.07 crores until the third quarter of this fiscal year, down from Rs 21.28 crores of the same period last year.

As of Chaitra’s end 2078 BS, NLG has a paid-up capital of Rs 120.6 crores with Rs 39.98 crores as reserves and surplus. Likewise, the insurance fund stood at Rs 111.04 crores. The company has a investment portfolio (short term & long term investments) of Rs 260.48 crores.

In the nine months of the fiscal year 2078/79, NLG Insurance has collected Rs 177.18 crores as total premium and Rs 55.78 crores as net premium. During this period, the net claim stood at Rs 41.12 crores.

Looking into the per-share ratios, NLG has an annualized EPS of Rs 18.88 while the per share networth is at Rs 229.48.

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Dividend History Of NLG Insurance Company Limited (NLG)

NLG Insurance Q2 Report, FY 2078/79

The unaudited third-quarterly report of NLG Insurance is summarized in the table below:

NLG Insurance Company Limited (NLG): 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’) 120.6 109.63 10.01
Reserve & Surplus (Rs. ‘crores’) 39.98 42.28 -5.44
Insurance Fund  (Rs. ‘crores’) 111.04 100.27 10.74
Total Investments  (Rs. ‘crores’) 260.48 259.65 0.32
Total Premium (Rs. ‘crores’) 177.18 169.14 4.75
Net Premium  (Rs. ‘crores’) 55.78 85.36 -34.65
Net Claim (Rs. ‘crores’) 41.12 38.13 7.84
Total Outstanding Claim (Rs. ‘crores’) 175.24 98.9 77.19
Net Profit  (Rs. ‘crores’) 17.07 21.28 -19.78
Management Expenses (Rs. ‘crores’) 23.78 18.62 27.71
Number Of Policies 169,637 168,228 0.84
Earnings Per Share (Rs.) 18.88
Networth Per Share (Rs.) 229.48
Market Price Per Share (Rs.) [Chaitra end, 2078 BS] 768
P/E Ratio 40.68

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’s end, 2078 BS. At current, the numbers may vary. 

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