Premier Insurance Reports Net Profit Of Rs 35.39 Crores In FY 2076/77
August 18, 2020 | Investopaper
Premier Insurance Company Limited (PIC) has shown impressive growth in profit by 44 percent based on the unaudited fourth quarter report of the fiscal year 2075/76. The insurance has earned a profit of Rs. 35.39 crores. The profit stood at Rs. 24.56 crores in the previous fiscal year.
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Although the profit rose by 44 percent, the total premium grew by only 0.86 percent. The company collected a total premium of Rs. 166.41 crores. On the other hand, the net premium has declined by almost 14 percent to Rs. 69.57 crores. It paid a net claim of Rs. 42.59 crores, down from Rs. 48.91 crores in the previous year. Similarly, the outstanding claim stands at massive Rs. 231.22 crores.
At the end of Ashad 2077, Premier Insurance (PIC) has a paid-up capital of Rs. 107.46 crores and reserve of Rs 32.48 crores. The insurance fund of the company stands at Rs. 67.25 crores.
Similarly, Premier Insurance has an Earnings Per Share (EPS) of Rs 32.93 and per share networth of Rs 198.68.
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Premier Insurance (PIC)- Major Financial Indicators For FY 2076/77
Paid-up Capital: Rs 107.46 Crores
Reserve & Surplus: Rs 32.48 Crores
Insurance Fund: Rs 67.25 Crores
Total Investments: Rs 272.79 Crores
Total Premium: Rs 166.41 Crores
Net Premium: Rs 69.57 Crores
Net Claim: Rs 42.59 Crores
Total Outstanding Claim: Rs 231.22 Crores
Net Profit: Rs 35.39 Crores
Management Expenses: Rs 25.73 Crores
Number Of Policies: 142,457
Earnings Per Share (EPS): Rs 32.93
Networth Per Share: Rs 198.68
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The fourth-quarter report of Premier Insurance is summarized in the table below:
Premier Insurance Fourth Quarter Report Summary, FY 2076/77
| Headings | 4th Qtr, F.Y. 2076/77 | 4th Qtr, F.Y. 2075/76 | Percent Change |
| Paid-up Capital (Rs. ‘crores’) | 107.46 | 107.46 | 0.00 |
| Reserve & Surplus (Rs. ‘crores’) | 32.48 | 15.73 | 106.48 |
| Insurance Fund (Rs. ‘crores’) | 67.25 | 48.64 | 38.26 |
| Total Investments (Rs. ‘crores’) | 272.79 | 256.13 | 6.50 |
| Total Premium (Rs. ‘crores’) | 166.41 | 164.99 | 0.86 |
| Net Premium (Rs. ‘crores’) | 69.57 | 80.81 | -13.91 |
| Net Claim (Rs. ‘crores’) | 42.59 | 48.91 | -12.92 |
| Total Outstanding Claim (Rs. ‘crores’) | 231.22 | 193.61 | 19.43 |
| Net Profit (Rs. ‘crores’) | 35.39 | 24.56 | 44.10 |
| Management Expenses (Rs. ‘crores’) | 25.73 | 25.13 | 2.39 |
| Number Of Policies | 142,457 | 189,156 | -24.69 |
| Earnings Per Share (Rs.) | 32.93 | ||
| Networth Per Share (Rs.) | 198.68 | ||
| Market Price Per Share (Rs.) [Ashad end, 2077] | 480 | ||
| P/E Ratio | 14.58 |
Note:
The above figures are based on the un-audited 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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