IME General Insurance reports a fair growth in Q4; Net Profit at Rs. 21.02 crores; Eps at Rs. 19.44
Sat, Aug 15, 2020 12:44 PM on Latest, Company Analysis,
IME General Insurance Company Limited (IGI) has published its fourth-quarter report of FY 2076/2077 with an increase in Net Profit by 45.44%. The company’s profit has increased from Rs. 14.45 crores to Rs. 21.02 crores in this quarter.
As per the unaudited report for the fourth quarter published today, IGI has a paid-up capital of Rs. 1.08 arba with a reserve and surplus of Rs. 20.96 crores. The company has 35.61 crores in the insurance fund.
The net earnings from the premium rose by 8.35% to Rs. 51.55 crores till Q4, 2076/2077 from Rs. 47.57 crores in the corresponding quarter of the last fiscal year. The company has earned Rs. 24.41 crores from reinsurance income and investments.
The company’s Net claim payment decreased by 10.68% to Rs. 21.46 crores in Q4 of FY 2076/2077. Till this quarter, the company has issued 98,381 policies.
IME General’s EPS stands at Rs. 19.44 whereas Net worth per share stands at Rs. 152.30 in the fourth quarter of fiscal year 2076/2077.
Major Highlights:
|
Particulars (In '000) |
IME General insurance company limited |
||
|---|---|---|---|
|
Q4, 2076/2077 |
Q4,2075/2076 |
Difference |
|
|
Paid-up Capital |
1,081,836 |
1,020,600 |
6.00% |
|
Reserves & Surplus |
209,636 |
165,744 |
26.48% |
|
Insurance Fund |
356,196 |
251,061 |
41.88% |
|
Contingent Fund |
- |
- |
- |
|
Net Premium |
515,507 |
475,791 |
8.35% |
|
Re-insurance income |
193,317 |
180,402 |
7.16% |
|
Income from investment, loan, and others |
50,806 |
48,601 |
4.54% |
|
Claim Payment (Net) |
214,694 |
240,377 |
-10.68% |
|
Agent Commission |
33,814 |
30,786 |
9.84% |
|
Gross Profit |
257,384 |
178,797 |
43.95% |
|
Net Profit |
210,255 |
144,560 |
45.44% |
|
No. of Policies |
98,381 |
94,039 |
4.62% |
|
EPS (Rs.) |
19.44 |
14.16 |
37.29% |
|
Net worth per share (Rs.) |
152.30 |
140.83 |
8.14% |
|
Qtr End P/E ratio (times) |
22.58 |
- |
- |
|
Qtr End Price |
439 |
- |
- |
|
Price to book ratio (times) |
2.8 |
- |
- |
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