Himalayan General Insurance has published fourth quarter report of Fiscal year 2075/76. It has reported increase in net profit by 40.10% in comparing period.
As per the report, life insurance has posted net profit of Rs. 19.85 crore in the Q3 of FY 2075/76 from Rs. 14.16 crore in same period of last fiscal year 2074/75.
Net insurance premium has declined to Rs.27.09 crore from Rs. 32.88 crore in the same period of last year. It has earned 7.23 crore from investment and Rs.15.03 crore from re-insurance commission.
The company has made a payment of Rs.17.84 crore for claims and agent commission of Rs.1.41 crore. Its operating expanses increase to Rs.12.93 crore from Rs.10.21 crore in Q4 of last year.
The company still remains to pay claims of Rs.1.49 arba for 1053 claims.
Currently, its paid up capital is Rs.1.02 arba with reserves of Rs.25.52 crore.
It has maintained Rs.47.30 crore in insurance fund & Rs. 3.28 crore in disaster fund.
Its EPS stands at Rs.19.33 & net worth per share is Rs.174.10. PE ratio stands at 18.11 times.
