August 15, 2021 | Investopaper
Sagarmatha Insurance Company Limited (SIC) has published the unaudited fourth quarter report of the fiscal year 2077/78. The report shows a growth in net profit by 18 percent as compared to the previous fiscal year. Sagarmatha Insurance has earned a net profit of Rs 45.15 crores in the fiscal year 2077/78. In the previous fiscal year, the company posted a profit of Rs. 38.08 crores.
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The profit has increased with the rise in total and net premium income. In the fiscal year 2077/78, Sagarmatha Insurance collected a total premium income of Rs. 261.61 crores. In the previous fiscal year 2076/77, the total premium collection stood at Rs. 225.43 crores. Likewise, the net premium income has grown to Rs 123.56 crores.
Similarly, Sagarmatha Insurance paid Rs. 70.65 crores as the net claim during this period, up from Rs 49.60 crores of the previous fiscal year. Likewise, the total outstanding claim stand at Rs 177.25 crores.
As of Ashad’s end 2078 BS, Sagarmatha Insurance (SIC) has a paid-up capital of Rs. 111.13 crores. The reserve and surplus has grown by 37 percent to Rs 48.05 crores. The insurance fund stands at Rs. 104.52 crores. SIC has made a total investment of Rs. 312.86 crores.
Looking into the per-share ratios, Sagarmatha Insurance has an Earnings Per Share (EPS) of Rs 40.63. Similarly, the net-worth per share is Rs. 246.26.
NLG Insurance- Major Financial Indicators For FY 2077/78
Paid-up Capital: Rs 111.13 Crores
Reserve & Surplus: Rs 48.05 Crores
Insurance Fund: Rs 104.52 Crores
Total Investments: Rs 312.86 Crores
Total Premium: Rs 261.61 Crores
Net Premium: Rs 123.56 Crores
Net Claim: Rs 70.65 Crores
Total Outstanding Claim: Rs 177.25 Crores
Net Profit: Rs 45.15 Crores
Management Expenses: Rs 30.16 Crores
Number Of Policies: 159,513
Earnings Per Share (EPS): Rs 40.63
Networth Per Share: Rs 246.26
The fourth-quarter report of Sagarmatha Insurance is summarized in the table below:
Sagarmatha Insurance Company Limited (SIC) Report Summary, 2077/78
|Financial Indicators||Q4, FY 2077/78||Q4, 2076/77||Percent Change|
|Paid-up Capital (Rs. ‘crores’)||111.13||100.12||11.00|
|Reserve & Surplus (Rs. ‘crores’)||48.05||35.08||36.97|
|Insurance Fund (Rs. ‘crores’)||104.52||81.94||27.56|
|Total Investments & Loans (Rs. ‘crores’)||312.86||291.7||7.25|
|Total Premium (Rs. ‘crores’)||261.61||225.43||16.05|
|Net Premium (Rs. ‘crores’)||123.56||98.71||25.17|
|Net Claim (Rs. ‘crores’)||70.65||49.6||42.44|
|Total Outstanding Claim (Rs. ‘crores’)||177.25||87.66||102.20|
|Net Profit (Rs. ‘crores’)||45.15||38.08||18.57|
|Management Expenses (Rs. ‘crores’)||30.16||29.4||2.59|
|Number Of Policies||159,513||144,281||10.56|
|Earnings Per Share (Rs.)||40.63|
|Networth Per Share (Rs.)||246.26|
|Market Price Per Share (Rs.) [Ashad end, 2078 BS]||1344|
Source: Unaudited Q4 Report, FY 2077/78
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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