Sagarmatha Insurance Posts Rs 45.15 Crores Net Profit [Q4 Report]

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.

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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
P/E Ratio 33.08

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.

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

Read Related Contents:

Sagarmatha Insurance Third Quarterly Report Summary

Sagarmatha Insurance Second Quarter Report Summary

Sagarmatha Insurance First Quarter Report Summary



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