Himalayan General Insurance reports decline in net profit till Q2; Annualized EPS at Rs 13.99

Himalayan General Insurance (HGI) published the quarterly report for the second quarter of FY 2076/77. The company has posted a fall in net profits. The net profit of the company was previously at Rs.4.05 Crore which fell to Rs.3.19 Crore by the end of the first quarter.

The paid-up capital of the company stands at Rs.1.02 Arba. The reserves of the company grew from Rs.17.29 Crore to Rs.26.01 Crore by the end of the first quarter. The insurance fund of the company stands at Rs.49.27 Crore.

The net premium decline from Rs.9.31 Crore to Rs.7.78 Crore. The number of total enforce policies stands at 46,205 policies which were previously 15,685 policies. The company claim payment (net) stood at Rs.3.17 Crore.

The EPS of the company stands at Rs.3.11 and the net worth per share stands at Rs.177.44. The quarter-end PE stands at 85.63 times.

Second Quarter Report