Lumbini General Insurance has published first quarter report of Fiscal year 2075/76. It has reported increase in net profit by 35.27% in comparing period.
As per the report, life insurance has posted net profit of Rs. 4.18 crore in the Q1 of FY 2075/76 from Rs. 3.09 crore in same period of last fiscal year 2074/75.
Net insurance premium has fallen to Rs.21.02 crore from Rs. 21.50 crore in the same period of last year. It has earned 3.24 crore from re insurance commission & 1.53 crore from investment.
The company has made a payment of Rs.10.42 crore for claims and Rs.96 lakh for agent commission. The company still remains to pay claims of Rs.44.13 crore for 2276 claims.
Currently, its paid up capital is Rs.88 crore with reserves of Rs.17.16 crore.
It has maintained Rs.46.63 crore in insurance fund & Rs. 4.18 crore in disaster fund.
Its EPS stands at Rs.19.02 & net worth per share is Rs.177.23. PE ratio stands at 27.34 times.
Neco insurance has published first quarter report of Fiscal year 2075/76. It has reported increase in net profit by 57.06% in comparing period.
As per the report, life insurance has posted net profit of Rs. 5.67 crore in the Q1 of FY 2075/76 from Rs. 3.61 crore in same period of last fiscal year 2074/75.
Net insurance premium has risen to Rs.30.49 crore from Rs.23.63 crore in the same period of last year. It has earned 5.92 crore from re insurance commission & 1.75 crore from investment.
The company has made a payment of Rs.13.14 crore for claims and Rs.1.13 crore for agent commission. The company still remains to pay claims of Rs.37.99 crore for 1337claims.
Currently, its paid up capital is Rs.1.47 arba with reserves of Rs.36.34 crore.
It has maintained Rs.45.82 crore in insurance fund & Rs. 4.19 crore in disaster fund.
Its EPS stands at Rs.19.30 & net worth per share is Rs.173.42. PE ratio stands at 28.19 times.
