Premier Insurance has published first quarter report of Fiscal year 2075/76. It has reported increase in net profit by 93.94% in comparing period.
As per the report, insurance company has posted net profit of Rs.4.12 crore in the Q1 of FY 2075/76 from Rs. 2.12 crore in same period of last fiscal year 2074/75.
Net insurance premium has risen to Rs.22.06 crore from Rs. 21.22 crore in the same period of last year. It has earned 5.50 crore from re insurance commission & 1.89 lakh from investment.
The company has made a payment of Rs.11.96 crore for claims and Rs.73.60 lakh for agent commission. The company still remains to pay claims of Rs.93.81 crore for 3134 claims.
Currently, its paid up capital is Rs.58.40 crore with reserves of Rs.67.10 crore.
It has maintained Rs.42.15 crore in insurance fund and Rs.3.81 crore in disaster fund.
Its EPS stands at Rs.28.22 & net worth per share is Rs.293.63. PE ratio stands at 34.83 times.
