Non-life comparative performance: Shikhar, Sagarmatha and Neco Insurance
May 14, 2019 | Investopaper
Three non-life insurances namely Sagarmatha, Shikhar and Neco Insurance have published their unaudited third-quarter report on Baisakh 31, 2076. Shikhar has reported 8.43 percent growth in its net profit while Sagarmatha net profit rose by a meager 1 percent margin. However, Neco Insurance posted a growth of more than 19 percent in the third quarter.
See the comparative performances of these three non-life insurers of Nepalese industry.
| Headings | Neco | Shikhar | Sagarmatha |
| Paid up capital (Rs. ‘crores’) | 117.63 | 105.73 | 53.83 |
| Reserve & Surplus (Rs. ‘crores’) | 55.33 | 34.88 | 69.98 |
| Insurance Fund (Rs. ‘crores’) | 66.92 | 95.72 | 48.89 |
| Total Premium (Rs. ‘crores’) | 141.58 | 250.02 | 158.94 |
| Net Premium (Rs. ‘crores’) | 85.7 | 124.36 | 83.61 |
| Net Claim(Rs. ‘crores’) | 37.16 | 74.1 | 40.4 |
| Total Outstanding Claim (Rs. ‘crores’) | 34.2 | 80.82 | 88.4 |
| Net Profit (Rs. ‘Crores’) | 25.16 | 33.62 | 17.19 |
| Earnings Per Share (Rs.) | 28.52 | 42.99 | 42.58 |
| Net-worth Per Share (Rs.) | 209.29 | 240.27 | 335.78 |
