Look at financial highlights from four non-life insurance companies; decent growth reported by all four

Prabhu Insurance Company Limited (PRIN) has stated growth in its net profit by 34.60% in the first quarter of the ongoing fiscal year 2076/77.

The nonlife insurance company earned a net profit of Rs.4.10 Crore in Q1 of the FY 2076/77, up from Rs.3.04 Crore in the corresponding quarter of the FY 2075/76. Its net income from premium (net) has decreased from Rs.17.42 Crore to Rs.16.98 Crore at the end of Q1 of 2076/77.

Its current paid up capital stands at Rs.1.005 Arba. It has a reserve fund of Rs.26.74 Crore and the insurance fund amounts to Rs.58.61 Crore.

The company has issued a total of 18,871 insurance policies till Q1 of 2076/77. This figure was 18,670 during Q1 of last year. Its earning per share stands at Rs.4, net worth per share at Rs.185 and P/E ratio at 75 times.

Sagarmatha Insurance Company Limited (SIC) net profit has increased by 35.82% in the first quarter of the current fiscal year 2076/77. The company earnings have increased from Rs.3.69 Crore to Rs.5.01 Crore in Q1 of the FY 2076/77.

SIC has a paid up capital of Rs.1 Arba with a reserve and surplus of Rs.39.33 Crore. It has Rs.48.87 Crore in insurance fund and Rs.8.07 Crore in contingent fund.

The net earnings from premium rose to Rs.32.49 Crore till Q1 from Rs.31.13 Crore in the corresponding quarter of last fiscal year. The company has earned Rs.2.40 Crore from investment, loans and others headings and its reinsurance income stands at Rs.8.17 Crore.

The company’s number of policyholders increased from 31,784 in the corresponding quarter to 43,916 in Q1. Its EPS and net worth per share stands at Rs.20 and Rs.196.17. The quarter end P/E ratio of the company is at 95.72 times.

Premier Insurance Company Limited (PIC) has earned a net profit of Rs.5.78 Crore in the Q1 of 2076/77 FY. The profit of the company has increased by 40.37% in this quarter compared to the corresponding quarter of last fiscal year.

The net earnings from premium has decreased to Rs.21 Crore from Rs.22.06 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.19.86 Crore in Q1. The insurance fund stood at Rs.52.75 Crore.

The insurance company has issued a total of 49,433 insurance policies till Q1 of 2076/77, which increased from last year's 47,068 policies. The annualized EPS of the insurance company stands at Rs.21.53 with net worth per share of Rs.172.12. The PE Ratio stands at 23.04 times.

NLG Insurance Company (NLG) has earned a net profit of Rs.5.25 Crore till the first quarter (Q1) of the fiscal year 2076/77. It was Rs.5.18 Crore in the corresponding quarter of previous year.

The net earnings from premium decreased to Rs.20.80 Crore in the Q1 from Rs.21.89 Crore posted in the previous year.

NLG Insurance has a paid-up capital of Rs.64.04 Crore with reserve of Rs.22.46 Crore. The company’s insurance fund has increased to Rs.81.85 Crore.

The company is yet to meet to minimum paid up capital requirement of Rs.1 Arba set by regulatory authority. For the purpose of increasing paid up capital NLG Insurance is planning to issue 60% right shares which has been added to SEBON pipeline.

Its annualized EPS stands at Rs.32.85, net worth per share at Rs.272.75 and quarter end P/E ratio at 17.99 times.