Sagarmatha Lumbini Insurance Collects Rs. 478.81 Crores In Premium | Net Profit Surges by 84 Percent [Q4 Report]
August 14, 2024 | Investopaper
Sagarmatha Lumbini Insurance Company Limited (SALICO) has published the unaudited fourth quarterly report of the fiscal year 2080/81. The report shows a surge in net profit by almost 84 percent as compared to the previous fiscal year. SALICO has earned a net profit of Rs 60.89 crores in the fiscal year 2080/81. In the previous fiscal year, the company posted a profit of Rs. 33.10 crores.
You May Also Like: Dividend History Of Sagarmatha Lumbini Insurance Company Limited (SALICO)
In the fiscal year 2080/81, Sagarmatha Lumbini Insurance collected a total premium income of Rs. 478.81 crores. Likewise, the net premium income has grown to Rs 191 crores.
Similarly, Sagarmatha Lumbini Insurance paid Rs.125.61 crores as the net claim during this period, up from Rs 118.20 crores of the previous fiscal year.
As of Ashad’s end 2081 BS, Sagarmatha Lumbini Insurance (SALICO) has a paid-up capital of Rs. 262.26 crores. The reserve and surplus stand at Rs 372.5 Crores respectively. SALICO has made a total investment of Rs.641.13 crores.
Looking into the per-share ratios, Sagarmatha Lumbini Insurance has an Earnings Per Share (EPS) of Rs 23.22. Similarly, the net-worth per share is Rs. 242.04.
Also Read:
Best Non-Life Insurance Companies In Nepal
Why You Should Invest In The Insurance Stocks?
Sagarmatha Lumbini Insurance (SALICO)- Major Financial Indicators For FY 2080/81
Paid-up Capital: Rs 262.26 Crores
Reserve & Surplus: Rs 372.5 Crores
Total Investments: Rs 641.13 Crores
Total Premium: Rs 478.81 Crores
Net Premium: Rs 191 Crores
Net Claim: Rs 125.61 Crores
Net Profit: Rs 60.89 Crores
Number Of Policies: 286,367
Earnings Per Share (EPS): Rs 23.22
Networth Per Share: Rs 242.04
The fourth-quarter report of Sagarmatha Lumbini Insurance is summarized in the table below:
Sagarmatha Lumbini Insurance Company Limited (SALICO): Report Summary, 2080/81
| Financial Indicators | F.Y. 2080/81 | F.Y. 2079/80 | Percent Change |
| Paid-up Capital (Rs. ‘crores’) | 262.26 | 262.26 | 0 |
| Reserve & Surplus (Rs. ‘crores’) | 372.5 | 330.95 | 12.55 |
| Total Investments (Rs. ‘crores’) | 641.13 | 622.52 | 3 |
| Total Premium (Rs. ‘crores’) | 478.81 | 340.97 | 40.43 |
| Net Premium (Rs. ‘crores’) | 191 | 160.41 | 19.07 |
| Net Claim (Rs. ‘crores’) | 125.61 | 118.2 | 6.27 |
| Net Profit (Rs. ‘crores’) | 60.89 | 33.1 | 83.96 |
| Number Of Policies | 286,367 | 241,106 | 18.77 |
| Earnings Per Share (Rs.) | 23.22 | ||
| Networth Per Share (Rs.) | 242.04 | ||
| Market Price Per Share (Rs.) [Ashad end, 2081 BS] | 727 | ||
| P/E Ratio | 31.31 |
Source: Unaudited Q4 Report, FY 2080/81
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.
Note: If you want to see the reports of other companies, Click Here.
Read Related Contents:
Sagarmatha Lumbini Insurance Third Quarterly Report Summary
Sagarmatha Lumbini Insurance Second Quarter Report Summary
