Decline of premium earning's in Q4 leads to 21.44% decline in net profit of Lumbini General Insurance; EPS stands at Rs 17.88
Sun, Aug 16, 2020 8:01 AM on Latest, Company Analysis,
Lumbini General Insurance Company Limited (LGIL) has published its fourth-quarter report of FY 2076/2077 with a decline in Net Profit by 21.44%. The company’s profit has decreased from Rs. 25.98 crores to Rs. 20.41 crores in this quarter.
As per the unaudited report for the fourth quarter published today, LGIL has a paid-up capital of Rs. 1.14 arba with a reserve and surplus of Rs. 24.12 crores. The company has 64.45 crores in the insurance fund.
The net earnings from the premium decline by 11.36% to Rs. 58.83 crores till Q4, 2076/2077 from Rs. 66.37 crores in the corresponding quarter of the last fiscal year. The company has earned Rs. 17.83 crores from reinsurance income and investments.
The company’s Net claim payment decreased by meager 0.68% to Rs. 43.99 crores in Q4 of FY 2076/2077. Till this quarter, the company has issued 1,31,787 policies.
LGIL’s EPS stands at Rs. 17.88 whereas Net worth per share stands at Rs. 182.83 in the fourth quarter of fiscal year 2076/76.
Major Highlights:
|
Particulars (In Rs 'lakh") |
Lumbini General Insurance |
||
|---|---|---|---|
|
Q4 2076/77 |
Q4 2075/76 |
Difference |
|
|
Paid Up Capital |
11,418 |
8,800 |
29.75% |
|
Reserve and Surplus |
2,412 |
2,649 |
-8.95% |
|
Insurance Fund |
6,445 |
5,698 |
13.11% |
|
Contingent Fund |
601 |
528 |
13.83% |
|
Gross Premium |
12,125 |
13,605 |
-10.88% |
|
Net Premium |
5,883 |
6,637 |
-11.36% |
|
Re-Insurance Commission Income |
1,783 |
2,005 |
-11.07% |
|
Income from Investment, Loan and others |
597 |
699 |
-14.59% |
|
Claim Payment (Net) |
4,399 |
4,429 |
-0.68% |
|
Agent Commission |
304 |
354 |
-14.12% |
|
Gross Profit |
2,158 |
3,172 |
-31.97% |
|
Net Profit |
2,041 |
2,598 |
-21.44% |
|
No of Policies |
131,787 |
128,983 |
2.17% |
|
EPS (In Rs.) |
17.88 |
29.52 |
-39.45% |
|
Net Worth per Share (In Rs.) |
182.83 |
200.85 |
-8.97% |
|
Qtr End PE Ratio |
25.34 |
- |
- |
|
Qtr End Market Price |
453.00 |
- |
- |
