NLG Insurance Reports 35 Percent Rise In Net Profit (Q3 Report)

May 12, 2021 | Investopaper

NLG Insurance Company Limited (NLG) has reported a surge in net profit by 35 percent as compared to the corresponding period of the previous fiscal year. The insurance company has posted a net profit of Rs 21.28 crores until the third quarter of this fiscal year, up from Rs 15.73 crores of the same period last year.

As of Chaitra end 2077 BS, NLG has a paid-up capital of Rs 109.63 crores with Rs 42.28 crores as reserves and surplus. Likewise, the insurance fund stood at Rs 100.27 crores. The company has a investment portfolio (short term & long term investments) of Rs 259.66 crores.

In the nine months of the fiscal year 2077/78, NLG Insurance has collected Rs 169.14 crores as total premium and Rs 85.36 crores as net premium. During this period, the net claim stood at Rs 38.13 crores.

Looking into the per-share ratios, NLG has an annualized EPS of Rs 25.88 while the per share networth is at Rs 233.78.


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

NLG Insurance Company: Third Quarterly Report Summary, FY 2077/78

Financial Indicators Q3, F.Y. 2077/78 Q3, F.Y. 2076/77 Percent Change
Paid-up Capital (Rs. ‘crores’) 109.63 64.04 71.19
Reserve & Surplus (Rs. ‘crores’) 42.28 27.7 52.64
Insurance Fund  (Rs. ‘crores’) 100.27 87.09 15.13
Total Investments  (Rs. ‘crores’) 259.66 225.32 15.24
Total Premium (Rs. ‘crores’) 169.14 131.31 28.81
Net Premium  (Rs. ‘crores’) 85.36 62.65 36.25
Net Claim (Rs. ‘crores’) 38.13 42.81 -10.93
Total Outstanding Claim (Rs. ‘crores’) 98.90 89.72 10.23
Net Profit  (Rs. ‘crores’) 21.28 15.73 35.28
Management Expenses (Rs. ‘crores’) 18.62 16.67 11.70
Number Of Policies          168,228 130,446 28.96
Earnings Per Share (Rs.) 25.88
Networth Per Share (Rs.) 233.78
Market Price Per Share (Rs.) [Chaitra end, 2077 BS] 1163
P/E Ratio 44.94

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.

The share price, as well as the P/E ratio, is based on the data of Chaitra end, 2077. At current, the numbers may vary. 

If you want to see the reports of other companies, Click Here.

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