Neco Insurance limited reported net profit surged by 39.57% in fourth quarter of fiscal year 2074/75.
As per the report, insurance company has posted surge in net profit of Rs. 29.10 crore in the Q4 from Rs. 20.58 crore in corresponding quarter of previous fiscal year 2073/74.
Net insurance premium has risen to Rs.98.50 crore from Rs. 74.68 crore in the last corresponding quarter. It has income from investment Rs.9.63 crore. Commission from reinsurance is Rs.15.33 crore.
The company has made a net payment of Rs.42.26 crore for claims. The company still remains to pay claims of Rs.40.49 crore.
Currently, its paid up capital is 1.17 arba with reserves of Rs.33.79 crore.
It has maintained Rs.42.98 crore in insurance fund & Rs. 3.91 crore in disaster fund.
Its Annualized earning per share (EPS) stands at Rs. 24.74 & net worth per share is Rs.168.60. PE ratio stands at 22.55 times.
