Shikhar Insurance Posts Net Profit of Rs. 39.02 Crores (Q3 Report)
May 12, 2024 | Investopaper
Shikhar Insurance Company Limited (SICL), one of the leading non-life insurance company of Nepal, has reported a 26 percent rise in profit in the first nine months 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 39.02crores until the third quarter of this fiscal year, up from Rs 30.91 crores of the same period last year.
As of Chaitra’s end 2080 BS, SICL has a paid-up capital of Rs 265.49 crores with Rs 264.14 crores as reserves and surplus. Likewise, the insurance fund stood at Rs 165.74 crores. The company has a investment portfolio (short term & long term investments) of Rs 452.42crores.
In the nine months of this fiscal year, Shikhar Insurance has collected Rs 357.2 crores as gross earned premium and Rs 108.16 crores as net earned premium. During this period, the company paid the net claim of Rs 57.02 crores.
Looking into the per-share ratios, SICL has an annualized EPS of Rs 19.6 while the per share networth is at Rs 199.49.
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Dividend History Of Shikhar Insurance Company Limited (SICL)
The unaudited third-quarter report of Shikhar Insurance is summarized in the table below:
Shikhar Insurance Company (SICL): Financial Highlights until Third Quarter, FY 2080/81
| Financial Indicators | Q3, FY 2080/81 | Q4, FY 2079/80 | Percent Change |
| Paid-up Capital (Rs. ‘crores’) | 265.49 | 265.49 | 0.00 |
| Reserve & Surplus (Rs. ‘crores’) | 264.14 | 223.18 | 18.35 |
| Total Investments (Rs. ‘crores’) | 452.42 | 418.67 | 8.06 |
| Financial Indicators | Q3, FY 2080/81 | Q3, FY 2079/80 | Percent Change |
| Gross Earned Premium (Rs. ‘crores’) | 357.2 | 316.74 | 0.00 |
| Net Earned Premium (Rs. ‘crores’) | 108.16 | 93.19 | 18.35 |
| Net Claim (Rs. ‘crores’) | 57.02 | 72.82 | -21.70 |
| Net Profit (Rs. ‘crores’) | 39.02 | 30.91 | 26.24 |
| Number Of Policies | 241548 | 203501 | 18.70 |
| Earnings Per Share (Rs.) | 19.6 | ||
| Networth Per Share (Rs.) | 199.49 | ||
| Market Price Per Share (Rs.) [Poush end, 2080 BS] | 690.6 | ||
| P/E Ratio | 35.23 |
Source: Unaudited Q3 Report, FY 2080/81
Note:
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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