Sagarmatha Insurance Reports 70 Percent Rise In Profit (Q2 Report)

February 12, 2021 | Investopaper

Sagarmatha Insurance Company Limited (SIC) has reported a growth in its net profit by 70 percent in the first six months of current fiscal year 2077/78. The unaudited report shows that the company has posted a net profit of Rs 17.72 crores as compared to Rs. 10.39 crores of the corresponding period of the previous year.


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As of Poush end 2077 BS, Sagarmatha Insurance has a paid-up capital of  Rs. 100.12 crores. Likewise, the reserve and surplus is at Rs 43.52 crores. Similarly, the insurance fund has increased by 45 percent to Rs. 90.25 crores.

Sagarmatha Insurance has collected Rs. 134.69 crores in total premium. Likewise, the net premium grew by 21.78 percent to Rs. 69.21 crores.

With the increase in business, the net claim has also grown by 18 percent to Rs. 33.67 crores. Likewise, the total outstanding claim is at Rs. 114.39 crores.

Sagarmatha Insurance has an annualized Earnings Per Share (EPS) of Rs. 35.41 while the per-share net worth is at Rs. 245.87.


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See the financial highlights of the second quarter in the table below:

Sagarmatha Insurance Second Quarter Report Summary, FY 2077/78

Financial Indicators Q2, F.Y. 2077/78 Q2, F.Y. 2076/77 Percent Change
Paid-up Capital (Rs. ‘crores’) 100.12 100.12 0.00
Reserve & Surplus (Rs. ‘crores’) 43.52 28.15 54.60
Insurance Fund  (Rs. ‘crores’) 90.25 62.13 45.26
Total Investments  (Rs. ‘crores’) 323.67 289.81 11.68
Total Premium (Rs. ‘crores’) 134.69 123.98 8.64
Net Premium  (Rs. ‘crores’) 69.21 56.83 21.78
Net Claim (Rs. ‘crores’) 33.67 28.41 18.51
Total Outstanding Claim (Rs. ‘crores’) 114.39 84.12 35.98
Net Profit  (Rs. ‘crores’) 17.72 10.39 70.55
Management Expenses (Rs. ‘crores’) 13.15 13.69 -3.94
Number Of Policies 95,090 87,583 8.57
Earnings Per Share (Rs.) 35.41
Networth Per Share (Rs.) 245.87
Market Price Per Share (Rs.) [Poush end, 2077] 1120
P/E Ratio 31.63


Note:

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 Poush end, 2077. At current, the numbers may vary. 

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

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