Lumbini General Insurance reports slight improvement in the net profits for Q3; reports fall in the net earnings from premium

Lumbini General Insurance Limited (LGIL) has earned a net profit of Rs 14.93 crore in the Q3 of 2075/76 Fiscal Year. The profit of the company has increased by 3.37% in this quarter compared to the corresponding quarter of last fiscal year.

As per the unaudited report published today, the net earnings from premium has decreased by 15.87% to Rs 46.25 crore in Q3 2075/76 from Rs 54.97 crore in the corresponding quarter of last fiscal year.

The company's number of policyholders has increased by 25.70% to 117,123 in Q3 2075/76 from 93,190 in Q3 74/75.

The insurance company has a paid-up capital of Rs 88 crore with a reserve of Rs 21.71 crore in Q3 2075/76.

Likewise, the company’s insurance fund has increased to Rs 51.42 crore from Rs 39.84 crore in the corresponding quarter of the last fiscal year.

Its EPS has stood at Rs 22.62, net worth per share at Rs 188.51 and P/E ratio at 22.46 times as per the third quarter reports.