Premier Ins. profit upturns by 200.61%; Lumbini General Ins. Profit downturns by 9.65% in Q4
Tue, Aug 18, 2015 12:00 AM on Others,
ShareSansar, August 18:
Premier Insurance Company Limited (PIC) has reported a massive profit growth of 200.61 percent in the fourth quarter of the last fiscal year 2071/72.
According to the unaudited financial report for the fourth quarter the non-life insurer has published today, its net profit surged to Rs 14.31 crore in fourth quarter as compared to Rs 4.76 crore in the corresponding quarter of the last fiscal year 2070/71.
The company’s net earnings from premiums grew to Rs 28.69 crore in Q4 from Rs 14.83 crore in the same quarter last year.
The insurance company has paid up capital of Rs 28.75 crore.
The most encouraging aspect of Premier’s financial report for the fourth quarter is that its reserve fund has reached 17.67 crore in Q4, up from Rs 7.34 in the previous fiscal year.
Their policy holder has drastically increased to 67.24 thousand by the end of this quarter from 24.81 thousand reported in the same period of last year.
PIC’s EPS stand at Rs 48.81, P/E ratio is at 9.94 times and net worth per share at Rs 214.60.
Meanwhile, Lumbini General Insurance Company Limited (LGIL) has posted a 9.65 % drop in profit for the fourth quarter of last fiscal year 2071/72.
In the unaudited fourth quarterly financial report published today, the non-life insurance company has stated decrease in the net profit from Rs 7.48 crore in the corresponding quarter of FY 2070/71 as compared to Rs 6.75 crore in the fourth quarter of FY 2071/72.
The company’s net earnings from premiums went down to Rs 39.14 crore in Q4 from Rs 39.29 crore. LGIL managed to increase its policy holders to 1.14 lakh by the end of this quarter from 1.10 lakh in the previous year report.
It’s paid up capital remains at Rs 28.18 crore.
A positive aspect of the financial report is that its reserve fund has risen to Rs 6.96 crore in the fourth quarter report up from Rs 4.06 crore in the FY 2070/71.
The company’s EPS stand at Rs 23.15 , P/E ratio to 14.60 times and net worth per share at Rs 137.65 .
