United Insurance Posts Net Profit Of Rs 5.27 Crores | Annualized EPS At Rs 5.13 (Q3 Report)
May 7, 2021 | Investopaper
United Insurance Company Limited (UIC) has published its unaudited financial statement for the third quarter of the current fiscal year. As per the report, the insurance company has earned a net profit of Rs 5.27 crores.
Until Chaitra end 2077 BS, UIC has a paid-up capital of Rs 102.81 crores with Rs 11.18 crores and Rs 33.37 crores in reserve and insurance fund respectively. During this period, the insurance has collected a total premium of Rs 87.86 crores in premium by selling 108,108 insurance polices.
The unaudited report is summarized in the table below:
United Insurance (UIC): Third Quarterly Report Summary, FY 2077/78
| Financial Indicators | Q3, F.Y. 2077/78 | Q3, F.Y. 2076/77 | Percent Change |
| Paid-up Capital (Rs. ‘crores’) | 102.81 | 102.81 | 0.00 |
| Reserve & Surplus (Rs. ‘crores’) | 11.18 | 6.71 | 66.62 |
| Insurance Fund (Rs. ‘crores’) | 33.37 | 29.64 | 12.58 |
| Total Investments (Rs. ‘crores’) | 172.41 | 152.15 | 13.32 |
| Total Premium (Rs. ‘crores’) | 87.86 | 51.21 | 71.57 |
| Net Premium (Rs. ‘crores’) | 37.85 | 24.71 | 53.18 |
| Net Claim (Rs. ‘crores’) | 14.86 | 10.34 | 43.71 |
| Total Outstanding Claim (Rs. ‘crores’) | 69.13 | 42.59 | 62.32 |
| Net Profit (Rs. ‘crores’) | 5.27 | 1.21 | 335.54 |
| Management Expenses (Rs. ‘crores’) | 14.33 | 12.95 | 10.66 |
| Number Of Policies | 108,108 | 69,285 | 56.03 |
| Earnings Per Share (Rs.) | 5.13 | ||
| Networth Per Share (Rs.) | 144.01 | ||
| Market Price Per Share (Rs.) [Chaitra end, 2077 BS] | 717 | ||
| P/E Ratio | 139.77 |
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, 2077. At current, the numbers may vary.
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