Premier Insurance Company limited has reported net profit surged by 29.95 percent in third quarter of fiscal year 2074/75.
As per the report, the non-life Insurance has posted net profit of Rs.13.35 crore in the Q3 from Rs.10.30 crore in the third quarter of last year.
Net insurance premium has risen to Rs.62.14 crore from Rs.57.33 crore in the last corresponding quarter.
The company has paid Rs.1.01 arba for claims & still remains to pay claims of Rs.1.08 arba.
Currently, its paid up capital is Rs.58.40 crore with reserves of Rs.70.45 crore. To meet the capital requirement of Rs.1 arba as per Beema samiiti by Asad end 2075, it must hike its capital by around 41.6 crore.
It has maintained Rs.43.42 crore in insurance fund & Rs.3.94 crore in disaster fund.
Its annualized EPS stands at Rs.38.48 & net worth per share is Rs.301.76. PE ratio stands at 45.23 times.
