Siddhartha Insurance Collects Rs 200.50 Crores In Premium [Q3 Report]
May 8, 2021 | Investopaper
Siddhartha Insurance Company Limited (SIL) has generated a total premium of Rs 200.50 crores in the first nine months of the current fiscal year 2078/79. This is 9 percent higher than the corresponding period of the previous fiscal year. Likewise, the net premium has grown by 12 percent to Rs 83.66 crores.
With the rise in premium collection, the net profit has increased by 2 percent to Rs 17.34 crores. In the nine months period, the company has paid Rs 51.25 crores as net claim. The total outstanding claim at the end of the third quarter stood at Rs 164.44 crores.
As of Chaitra’s end 2078 BS, Siddhartha Insurance has a paid-up capital of Rs 128.8 crores with Rs 25.39 crores in reserve and surplus. The company has a total insurance fund of Rs 109.45 crores.
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Dividend History Of Siddhartha Insurance Company Limited (SIL)
The table below presents the summarized version of the quarterly report.
Siddhartha Insurance Limited (SIL): Q3 Report Summary, FY 2078/79
| Financial Indicators | Q3, F.Y. 2078/79 | Q3, F.Y. 2077/78 | Percent Change |
| Paid-up Capital (Rs. ‘crores’) | 128.8 | 100 | 28.80 |
| Reserve & Surplus (Rs. ‘crores’) | 25.39 | 39.32 | -35.43 |
| Insurance Fund (Rs. ‘crores’) | 109.45 | 92.29 | 18.59 |
| Total Investments (Rs. ‘crores’) | 354.29 | 303.3 | 16.81 |
| Total Premium (Rs. ‘crores’) | 200.50 | 183.82 | 9.08 |
| Net Premium (Rs. ‘crores’) | 83.66 | 74.17 | 12.79 |
| Net Claim (Rs. ‘crores’) | 51.25 | 43.99 | 16.50 |
| Total Outstanding Claim (Rs. ‘crores’) | 164.44 | 117.7 | 39.71 |
| Net Profit (Rs. ‘crores’) | 17.34 | 17 | 2.00 |
| Management Expenses (Rs. ‘crores’) | 28.57 | 25.71 | 11.12 |
| Number Of Policies | 147174 | 150,356 | -2.12 |
| Earnings Per Share (Rs.) | 17.96 | ||
| Networth Per Share (Rs.) | 211.32 | ||
| Market Price Per Share (Rs.) [Chaitra end, 2078 BS] | 809 |
Source: Unaudited Q3 Report, FY 2078/79
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 end, 2078 BS. At current, the numbers may vary.
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