Despite slow business growth Premier Insurance able to increase Q4 profit by 44.07% to Rs 35.38 crore
Mon, Aug 17, 2020 7:00 AM on Latest, Company Analysis,
Premier Insurance Company Limited (PIC) has earned a net profit of Rs 35.38 crore till the Q4 of FY 2076/77. The profit of the company has increased by 44.07% in this quarter compared to the corresponding quarter of the last fiscal year.
As per the unaudited report published today, the net earnings from premium has decreased by 13.90% to Rs 69.56 crore from Rs 80.80 crore in the corresponding quarter of last fiscal year.
The insurance company has a paid-up capital of Rs 1.07 arba with a reserve of Rs 32.47 crore in Q4 of 2076/77.
Likewise, the company’s insurance fund has increased to Rs 67.24 crore from Rs 48.64 crore in the corresponding quarter of the last fiscal year.
The insurance company has issued a total of 1,42,457 insurance policies, which is a decline of 24.69%.
As per the fourth-quarter report, the EPS of the insurance company stands at Rs 32.93 with net worth per share of Rs 198.68. The quarter-end PE Ratio stands at 14.58 times.
Major Highlights:
|
Particulars (In Rs '000") |
Premier Insurance |
||
|---|---|---|---|
|
Q4 2076/77 |
Q4 2075/76 |
Difference |
|
|
Paid Up Capital |
1,074,560 |
1,074,560 |
0.00% |
|
Reserve and Surplus |
324,782 |
157,326 |
106.44% |
|
Insurance Fund |
672,467 |
486,442 |
38.24% |
|
Contingent Fund |
63,098 |
44,492 |
41.82% |
|
Gross Premium |
1,664,099 |
1,649,895 |
0.86% |
|
Net Premium |
695,693 |
808,052 |
-13.90% |
|
Re-Insurance Commission Income |
205,985 |
205,092 |
0.44% |
|
Income from Investment, Loan and others |
135,948 |
97,678 |
39.18% |
|
Claim Payment (Net) |
425,925 |
489,052 |
-12.91% |
|
Agent Commission |
29,729 |
27,233 |
9.17% |
|
Gross Profit |
398,101 |
291,704 |
36.47% |
|
Net Profit |
353,870 |
245,623 |
44.07% |
|
No of Policies |
142,457 |
189,156 |
-24.69% |
|
EPS (In Rs.) |
32.93 |
22.86 |
44.07% |
|
Net Worth per Share (In Rs.) |
198.68 |
164.05 |
21.11% |
|
Qtr End PE Ratio |
14.58 |
- |
- |
|
Qtr End Market Price |
480.00 |
- |
- |
