Himalayan General Insurance Company has published first quarter report of Fiscal year 2075/76. It has reported increase in net profit by 81.15% in comparing period.
As per the report, the insurance company has posted net profit of Rs. 4.05 crore in the Q1 of FY 2075/76 from Rs. 2.23 crore in same period of last fiscal year 2074/75.
Net insurance premium has fallen to Rs.9.31 crore from Rs. 10.49 crore in the same period of last year. It has earned 3.46 crore from investment in Q1 which was Rs.1.95 crore in the last year. From reinsurance commission it has eared 4.84 crore in Q1.
The company has made a payment of Rs.5.27 crore for claims and paid for Rs.9.10 lakh for agent commission. The company still remains to pay claims of Rs.1.51 arba fro 1241 clams.
Currently, its paid up capital is Rs.1.02 arba with reserves of Rs.17.29 crore.
It has maintained Rs.42.77 crore in insurance fund.
Its EPS stands at Rs.3.94 & net worth per share is Rs.158.48. PE ratio stands at 104.23 times.
