May 15, 2022 | Investopaper
Sagarmatha Insurance Company Limited (SIC), one of the leading non-life insurance company of Nepal, has reported a stable net profit until the third quarter of the current fiscal year 2078/79 as compared to the corresponding period of the previous fiscal year. The insurance company has posted a net profit of Rs 28.71 crores in the nine months period, up from Rs 28.54 crores of the same period last year.
As of Chaitra’s end 2078 BS, SIC has a paid-up capital of Rs 111.13 crores with Rs 60.86 crores as reserves and surplus. Likewise, the insurance fund stood at Rs 118.25 crores. The company has an investment portfolio (short term & long term investments) of Rs 353.03 crores.
Similarly, Sagarmatha Insurance has collected Rs 243.58 crores as total premium, which is almost 22 percent higher than the corresponding period of the previous fiscal year. Likewise, the net premium stood at Rs 109.57 crores. During this period, the company paid a net claim stood at Rs 67.89 crores.
Looking into the per-share ratios, SIC has an annualized EPS of Rs 34.45 while the per share networth is at Rs 271.
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The unaudited third-quarter report of Sagarmatha Insurance is summarized in the table below:
Sagarmatha Insurance (SIC): Third Quarterly Report Summary, FY 2078/79
|Financial Indicators||Q3, F.Y. 2078/79||Q3, F.Y. 2077/78||Percent Change|
|Paid-up Capital (Rs. ‘crores’)||111.13||100.12||11.00|
|Reserve & Surplus (Rs. ‘crores’)||60.86||48.34||25.90|
|Insurance Fund (Rs. ‘crores’)||118.25||95.66||23.61|
|Total Investments (Rs. ‘crores’)||353.03||337.19||4.70|
|Total Premium (Rs. ‘crores’)||243.58||199.69||21.98|
|Net Premium (Rs. ‘crores’)||109.57||95.29||14.99|
|Net Claim (Rs. ‘crores’)||67.89||53.05||27.97|
|Total Outstanding Claim (Rs. ‘crores’)||203.03||118.04||72.00|
|Net Profit (Rs. ‘crores’)||28.71||28.54||0.60|
|Management Expenses (Rs. ‘crores’)||26.16||20.67||26.56|
|Number Of Policies||124822||136,696||-8.69|
|Earnings Per Share (Rs.)||34.45|
|Networth Per Share (Rs.)||271|
|Market Price Per Share (Rs.) [Chaitra end, 2078 BS]||1306|
Source: Unaudited Q3 Report, FY 2078/79
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, 2078 BS. At current, the numbers may vary.
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