Nepal Insurance Company Limited has published third quarter report of Fiscal year 2075/76. It has reported increase in net profit by 91.29% in comparing period.
As per the report, insurance has posted net profit of Rs. 13.06 crore in the Q3 of FY 2075/76 from Rs. 6.82 crore in same period of last fiscal year 2074/75.
Net insurance premium has risen to Rs.38.67 crore from Rs 30.71 crore in the same period of last year. It has earned Rs.6.17 crore from investment and Rs.11.72 crore from reinsurance commission.
It has made net payment of Rs.16.69 crore for claims and agent commission of Rs.2.00 crore. Its operating expanses increase to Rs.13.21 crore from Rs.10.61 crore in Q3 of last year.
The company still remains to pay claims of Rs.96.31 crore for 1872 claims.
Currently, its paid up capital is Rs.61.76 crore with reserves of Rs.36.50 crore. It had already issued 65% right share, after adjustment paid up capital will reach to Rs.1.02 arba. It has maintained Rs.26.00 crore in life insurance fund.
Its EPS stands at Rs.28.20 & net worth per share is Rs.201.21. PE ratio stands at 13.44 times.
