Meager profit growth of Prudential Insurance by 11.13% in Q4; Reserve rises by 45.24%

Prudential Insurance Company Limited (PICL) has reported a profit growth of 11.13 percent in the fourth quarter of the last fiscal year 2072/73. According to the unaudited financial report for the fourth quarter the non-life insurer has published today, its net profit increases to Rs. 15.01 crore in fourth quarter as compared to Rs.13.50 crore in the corresponding quarter of the last fiscal year 2071/72. The company’s net earnings from premium have risen to Rs 50.36 crore in Q4 up from Rs 50.17 crore in corresponding quarter.. The insurance company has paid up capital of Rs 35.64 crore . The most encouraging aspect of Prudential’s financial report for the fourth quarter is that its reserve fund has reached Rs 17.47 crore in Q4, up from Rs. 12.03 crore in the previous fiscal year. The reserve fund of the company increased by; 45.24 % Their policy holder has increased to 19,391 in Q4 from 13,926 reported in the same period of last year. Its earning per share (EPS) stand at Rs 42.12, P/E ratio is at 34.19 times and net worth per share at Rs. 214.82.