May 3, 2021 | Investopaper
Premier Insurance Company Limited (PIC) has posted a net profit of Rs 28.96 crores until the third quarter of the current fiscal year 2077/78. The profit has grown by 52 percent as compared to the corresponding period of the previous year. Such profit stood at Rs 19.04 crores in the first nine months of the last fiscal year.
As of Chaitra end 2077 BS, Premier Insurance has a paid-up capital of Rs 107.45 crores while the reserve and surplus stood at Rs 33.39 crores. Likewise, the insurance fund amounted to Rs 81.05 crores. The company had a total investment of Rs 281.60 crores.
In the first nine months of this fiscal year, PIC has collected Rs 138.73 crores as total premium and Rs 59 crores as net premium. The company has paid Rs 27.08 crores as net claim while the total outstanding claim stood at Rs 218.43 crores.
Looking in to per-share ratios, the annualized EPS and per share networth are at Rs 35.94 and Rs 210.22 crores respectively.
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The table below presents the summarized version of the quarterly report.
Premier Insurance (PIC): 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’)||107.45||107.45||0.00|
|Reserve & Surplus (Rs. ‘crores’)||33.39||26.07||28.08|
|Insurance Fund (Rs. ‘crores’)||81.05||59.07||37.21|
|Total Investments (Rs. ‘crores’)||281.6||254||10.87|
|Total Premium (Rs. ‘crores’)||138.73||130.5||6.31|
|Net Premium (Rs. ‘crores’)||59||52.96||11.40|
|Net Claim (Rs. ‘crores’)||27.08||36.64||-26.09|
|Total Outstanding Claim (Rs. ‘crores’)||218.43||149.61||46.00|
|Net Profit (Rs. ‘crores’)||28.96||19.04||52.10|
|Management Expenses (Rs. ‘crores’)||17.56||16.67||5.34|
|Number Of Policies||123,599||109,709||12.66|
|Earnings Per Share (Rs.)||35.94|
|Networth Per Share (Rs.)||210.22|
|Market Price Per Share (Rs.) [Chaitra end, 2077 BS]||1287|
The above figures are based on the unaudited second-quarter 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.
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