Shikhar, Sagarmatha, Prabhu & Himalayan General Insurance EPS in Q1 stands at Rs 46.75, Rs 24.28, Rs 16.50 & Rs 8.92 respectively

Shikhar Insurance Company Limited (SICL) has stated increase in its net profit by 9.75% in the first quarter of the ongoing fiscal year 2074/75. Publishing the financial report today, it posted net profit of Rs 9.55 crore in Q1 of the FY 2074/75, up from Rs 8.70 crore in the corresponding quarter of the FY 2073/74. While its income from net premium has also increased from Rs 35.74 crore to Rs 40.50 crore at the end of Q1 this year, its income from reinsurance commission has increased to Rs 9.09 crore. After the issuance of 29% bonus share, its paid up capital will reach Rs 1.05 crore from existing Rs 81.76 crore. As per Insurance Board’s directive for all non-life insurance companies to increase their paid up capital to a minimum of Rs 1 arba by the end of FY 2074/75, SICL will meet the capital requirement by issuing this bonus share. It has reserve fund of Rs 3.14 arba and insurance fund amounts to Rs 68.31 crore. Likewise, it has paid claim of Rs 14.48 crore. Its annualized earning per share stands at Rs 46.75, net worth per share at Rs 228.43 and P/E ratio at 42.15 times. Sagarmatha Insurance Company Limited (SIC) has posted meager growth in its net profit by 5.50% in the first quarter of the ongoing fiscal year 2074/75. Publishing the financial report today, it stated net profit of Rs 3.26 crore in Q1 of the FY 2074/75, up from Rs 3.09 crore in the corresponding quarter of the FY 2073/74. While its income from net premium has also increased from Rs 16.19 crore to Rs 22.76 crore at the end of Q1 this year, its income from reinsurance commission has increased to Rs 5.77 crore. Its paid up capital stands at Rs 53.82 crore with reserve fund of Rs 25.10 crore and insurance fund amounts to Rs 48.87 crore. To meet the capital requirement of Rs 1 arba, SIC should hike its capital by Rs 46.18 crore (around 85.80%). Likewise, it has paid claim of Rs 14.48 crore. Its annualized earning per share stands at Rs 24.28, net worth per share at Rs 245.97 and P/E ratio at 279.87 times. Prabhu Insurance Company Limited (PRIN) has stated growth in its net profit by 19.59% in the first quarter of the ongoing fiscal year 2074/75. Publishing the financial report today, it stated net profit of Rs 2.38 crore in Q1 of the FY 2074/75, up from Rs 1.99 crore in the corresponding quarter of the FY 2073/74. While its income from net premium has decreased from Rs 15.25 crore to Rs 15.13 crore at the end of Q1 this year, its income from reinsurance commission has increased to Rs 4.14 crore. Its current paid up capital stands at Rs 57.75 crore. After 19.20% bonus from the net profit of FY 2073/74 and 46% right shares, it will reach to Rs 1.05 arba. It has reserve fund of Rs 15.75 crore and insurance fund amounts to Rs 34.24 crore. Likewise, it has paid claim of Rs 12.99 crore. Its annualized earning per share stands at Rs 16.5, net worth per share at Rs 187 and P/E ratio at 286 times. Himalayan General Insurance Company Limited (HGI) has stated increase in its net profit by 13.19% in the first quarter of the ongoing fiscal year 2074/75. Publishing the financial report today, it stated net profit of Rs 2.23 crore in Q1 of the FY 2074/75, up from Rs 1.97 crore in the corresponding quarter of the FY 2073/74. While its income from net premium has also increased from Rs 8.02 crore to Rs 10.49 crore at the end of Q1 this year, its income from reinsurance commission has increased to Rs 2.18 crore. Its current paid up capital stands at Rs 1.02 arba with Rs 12.05 crore in reserve and Rs 34.21 crore in insurance fund. Likewise, it has paid claim of Rs 4.71 crore. Its annualized earning per share stands at Rs 8.92, net worth per share at Rs 145.37 and P/E ratio at 342.76 times.