May 16, 2022 | Investopaper
Shikhar Insurance Company Limited (SICL), one of the leading non-life insurance company of Nepal, has reported a stable profit in the first nine months 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 36.70 crores until the third quarter of this fiscal year, up from Rs 36.33 crores of the same period last year.
As of Chaitra’s end 2078 BS, SICL has a paid-up capital of Rs 175.85 crores with Rs 75.55 crores as reserves and surplus. Likewise, the insurance fund stood at Rs 147.87 crores. The company has a investment portfolio (short term & long term investments) of Rs 371.74 crores.
In the nine months of this fiscal year, Shikhar Insurance has collected Rs 362.65 crores as total premium and Rs 113.1 crores as net premium. During this period, the company paid the net claim of Rs 62.86 crores.
Looking into the per-share ratios, SICL has an annualized EPS of Rs 28.22 while the per share networth is at Rs 255.96.
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The unaudited third-quarter report of Shikhar Insurance is summarized in the table below:
Shikhar Insurance Company (SICL): Financial Highlights Until Third Quarter, FY 2078/79
|Financial Indicators||Q3, F.Y. 2078/79||Q3, F.Y. 2077/78||Percent Change|
|Paid-up Capital (Rs. ‘crores’)||175.85||175.85||0.00|
|Reserve & Surplus (Rs. ‘crores’)||75.55||61.76||22.33|
|Insurance Fund (Rs. ‘crores’)||147.87||123.89||19.36|
|Total Investments (Rs. ‘crores’)||371.74||335.86||10.68|
|Total Premium (Rs. ‘crores’)||362.65||296.57||22.28|
|Net Premium (Rs. ‘crores’)||113.1||108.24||4.49|
|Net Claim (Rs. ‘crores’)||62.86||64.02||-1.81|
|Total Outstanding Claim (Rs. ‘crores’)||271.63||142.7||90.35|
|Net Profit (Rs. ‘crores’)||36.7||36.33||1.02|
|Management Expenses (Rs. ‘crores’)||41.02||34.42||19.17|
|Number Of Policies||190799||211,996||-10.00|
|Earnings Per Share (Rs.)||28.22|
|Networth Per Share (Rs.)||255.96|
|Market Price Per Share (Rs.) [Chaitra end, 2078 BS]||1170|
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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