United Insurance Posts Rs 2.74 Crores In Profit (Q2 Report)
February 10, 2021 | Investopaper
United Insurance Company Limited (UIC) has posted a net profit of Rs 2.74 crores in the first six months of the current fiscal year 2077/78. The profit has increased by 35 percent as compared to the corresponding period of the previous year. Last year, such profit stood at Rs 2.02 crores until the second quarter.
As of Poush end 2077 BS, United Insurance has a paid-up capital of Rs 102.81 crores. The company has collected Rs 57.68 crores as a total premium and Rs 26.30 crores as a net premium during this period.
The table below presents the summarized version of the quarterly report published by the company.
United Insurance (UIC) Second Quarterly Report Summary, FY 2077/78
| Financial Indicators | Q2, FY 2077/78 | Q2, FY 2076/77 | Percent Change |
| Paid-up Capital (Rs. ‘crores’) | 102.81 | 102.8 | 0.01 |
| Reserve & Surplus (Rs. ‘crores’) | 9.84 | 10.33 | -4.74 |
| Insurance Fund (Rs. ‘crores’) | 32.44 | 33.62 | -3.51 |
| Total Investments (Rs. ‘crores’) | 169.93 | 146.02 | 16.37 |
| Total Premium (Rs. ‘crores’) | 57.68 | 35.68 | 61.66 |
| Net Premium (Rs. ‘crores’) | 26.3 | 17.61 | 49.35 |
| Net Claim (Rs. ‘crores’) | 7.99 | 6.53 | 22.36 |
| Total Outstanding Claim (Rs. ‘crores’) | 72.05 | 38.29 | 88.17 |
| Net Profit (Rs. ‘crores’) | 2.74 | 2.02 | 35.64 |
| Management Expenses (Rs. ‘crores’) | 8.95 | 7.25 | 23.45 |
| Number Of Policies | 71,891 | 50,900 | 41.24 |
| Earnings Per Share (Rs.) | 2.67 | ||
| Networth Per Share (Rs.) | 141.77 | ||
| Market Price Per Share (Rs.) [Poush end, 2077] | 530 | ||
| P/E Ratio | 198.50 |
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.
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