August 16, 2022 | Investopaper
Sagarmatha Insurance Company Limited (SIC) has published the unaudited fourth quarterly report of the fiscal year 2078/79. The report shows a fall in net profit by 8 percent as compared to the previous fiscal year. SIC has earned a net profit of Rs 40.22 crores in the fiscal year 2078/79. In the previous fiscal year, the company posted a profit of Rs. 44.06 crores.
The decline in profit is due to the provision for possible losses that amounted to Rs. 10.47 crores. Likewise, the net claim payment of the company has increased by Rs. 30.3 crores.
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In the fiscal year 2078/79, Sagarmatha Insurance collected a total premium income of Rs. 310.63 crores. Likewise, the net premium income has grown to Rs 141.11 crores.
Similarly, Sagarmatha Insurance paid Rs.95.61 crores as the net claim during this period, up from Rs 65.34 crores of the previous fiscal year. Likewise, the total outstanding claim stand at Rs 175.03 crores.
As of Ashad’s end 2079 BS, Sagarmatha Insurance (SIC) has a paid-up capital of Rs. 133.36 crores. The reserve and surplus and the insurance fund stand at Rs 46.95 Crores and Rs 122.48 Crores respectively. SIC has made a total investment of Rs. 345.72 crores.
Looking into the per-share ratios, Sagarmatha Insurance has an Earnings Per Share (EPS) of Rs 30.16. Similarly, the net-worth per share is Rs. 236.01.
Sagarmatha Insurance (SIC)- Major Financial Indicators For FY 2078/79
Paid-up Capital: Rs 133.36 Crores
Reserve & Surplus: Rs 46.95 Crores
Insurance Fund: Rs 122.48 Crores
Total Investments: Rs 345.72 Crores
Total Premium: Rs 310.63 Crores
Net Premium: Rs 141.11 Crores
Net Claim: Rs 95.61 Crores
Total Outstanding Claim: Rs 175.03 Crores
Net Profit: Rs 40.22 Crores
Management Expenses: Rs 41.82 Crores
Number Of Policies: 156,020
Earnings Per Share (EPS): Rs 30.16
Networth Per Share: Rs 236.01
The fourth-quarter report of Sagarmatha Insurance is summarized in the table below:
Sagarmatha Insurance Company Limited (SIC): Report Summary, 2078/79
|Financial Indicators||FY 2078/79||FY 2077/78||Percent Change|
|Paid-up Capital (Rs. ‘crores’)||133.36||111.13||20.00|
|Reserve & Surplus (Rs. ‘crores’)||46.95||47.93||-2.04|
|Insurance Fund (Rs. ‘crores’)||122.48||103.89||17.89|
|Total Investments (Rs. ‘crores’)||345.72||319.25||8.29|
|Total Premium (Rs. ‘crores’)||310.63||261.61||18.74|
|Net Premium (Rs. ‘crores’)||141.11||112.25||25.71|
|Net Claim (Rs. ‘crores’)||95.61||65.34||46.33|
|Total Outstanding Claim (Rs. ‘crores’)||175.03||177.25||-1.25|
|Net Profit (Rs. ‘crores’)||40.22||44.06||-8.72|
|Management Expenses (Rs. ‘crores’)||41.82||32.06||30.44|
|Number Of Policies||156,020||159,513||-2.19|
|Earnings Per Share (Rs.)||30.16|
|Networth Per Share (Rs.)||236.01|
|Market Price Per Share (Rs.) [Ashad end, 2079 BS]||870|
Source: Unaudited Q4 Report, FY 2078/79
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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