Everest Insurance has published fourth quarter report of Fiscal year 2075/76. It has reported raise in net profit by 10.66% in comparing period.
As per the report, the company has posted net profit of Rs. 6.08 crore in the Q4 of FY 2075/76 from Rs. 5.49 crore in same period of last fiscal year 2074/75.
Net insurance premium has risen to Rs.38.44 crore from Rs. 9.64 crore in the same period of last year. It has earned 10.27 crore from re- insurance commission income.
It has made a payment of Rs.11.81 crore for claims and agent commission of Rs.1.75 crore during the period. Its operating expanses increase to Rs.14.02 crore from Rs.9.71 crore in Q4 of last year.
The company still remains to pay claims of Rs.91.13 crore for 1824 claims.
Currently, its paid up capital is Rs.1.04 arba with reserves of Rs.14.11 crore.It has maintained Rs.22.72 crore in insurance fund.
Its EPS stands at Rs.5.83 & net worth per share is Rs.135.33.
