Sagarmatha Lumbini Insurance’s Profit Surges by 55 Percent [Q3 Report]

May 12, 2024 | Investopaper

Sagarmatha Lumbini Insurance Company Limited (SALICO) has reported a 55 percent surge in net profit until the third quarter of the current fiscal year 2080/81 as compared to the corresponding period of the previous fiscal year. The insurance company has posted a net profit of Rs  47.54 crores in the nine months period, up from Rs 30.60 crores of the same period last year.

As of Chaitra’s end 2080 BS, SALICO has a paid-up capital of Rs  262.26 crores with Rs 364.67 crores as reserves and surplus. The company has an investment portfolio (short term & long term investments) of Rs 654.87 crores.

Similarly, Sagarmatha Lumbini Insurance has Rs 312.83 crores as gross earned premium, which is almost 22 percent higher than the corresponding period of the previous fiscal year. Likewise, the net premium stood at Rs 137.37 crores. During this period, the company paid a net claim stood at Rs 77.9 crores.

Looking into the per-share ratios, SALICO has an annualized EPS of Rs 24.17 while the per share net-worth is at Rs 244.05.

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Dividend History Of Sagarmatha Lumbini Insurance Company Limited (SALICO)

The unaudited third-quarter report of Sagarmatha Lumbini Insurance is summarized in the table below:

Sagarmatha Lumbini Insurance (SALICO): Third Quarterly Report Summary, FY 2080/81

Financial Indicators Q3, FY 2080/81 Q4, FY 2079/80 Percent Change
Paid-up Capital (Rs. ‘crores’) 262.26 262.26 0.00
Reserve & Surplus (Rs. ‘crores’) 364.67 330.95 10.19
Total Investments  (Rs. ‘crores’) 654.87 622.52 5.14


Financial Indicators Q3, FY 2080/81 Q3, FY 2079/80 Percent Change
Gross Earned Premium (Rs. ‘crores’) 312.83 243.78 28.32
Net Earned Premium  (Rs. ‘crores’) 137.37 118.86 10.19
Net Claim (Rs. ‘crores’) 77.9 82.17 -5.20
Net Profit  (Rs. ‘crores’) 47.54 30.60 55.36
Number Of Policies 223,667 176,668 26.60
Earnings Per Share (Rs.) 24.17
Net-worth Per Share (Rs.) 244.05
Market Price Per Share (Rs.) [Poush  end, 2080 BS] 661
P/E Ratio 27.35

Source: Unaudited Q3 Report, FY 2080/81


The above figures are based on the unaudited 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.

The share price, as well as the P/E ratio, is based on the data of Chaitra’s end, 2080 BS. At current, the numbers may vary. 

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