Nepal Re-Insurance reports its Q1 with increment in business volume; reports decline in net profit by meager percentage
Fri, Mar 19, 2021 9:04 AM on Company Analysis, Latest,
Nepal Reinsurance Company Limited has reported a total profit of Rs 39.23 crores including profit from Life Insurance and Non-Life Insurance business for the Q1 of FY 2077/2078. The profit rises by 3.71% compared to the corresponding quarter which was Rs 40.75 crore.
The profit from Life insurance amounts to Rs. 5.45 crores while the net profit from Non-Life Insurance amounts to Rs 33.78 crores.
The total earnings from a net premium of the company increased by 51.78% amounting to Rs 2.33 arba in the current quarter which was Rs. 1.53 arba in the first quarter of the previous fiscal year.
The paid-up capital of the company stands at Rs 10.00 arba and its total reserve amounts to Rs 3.34 arba.
The company’s Insurance Fund stands at Rs 2.03 arba.
The annualized EPS of the company stood at Rs. 16 and net worth per share stood at Rs. 153.81. The company traded at a P/B multiple of 5.55 times.
(Investors are required to factor in current market price to determine the P/B ratio)
Major Highlights:
|
Particulars |
Nepal Reinsurance Company Limited |
|
|||||||
|---|---|---|---|---|---|---|---|---|---|
|
Q1 2076/2077 |
Total |
Q1, 2077/2078 |
Total |
Difference |
Total |
||||
|
Non-Life |
Life |
Non-Life |
Life |
Non-Life |
Life |
||||
|
Paid-Up Capital |
10,000,000.00 |
0 |
10,000,000 |
8,400,000.00 |
0 |
8,400,000 |
19.05% |
0.00% |
19.05% |
|
Reserve & Surplus |
2,754,633.00 |
591,065.00 |
3,345,698 |
1,783,945.00 |
435,768.00 |
2,219,713 |
54.41% |
35.64% |
50.73% |
|
Insurance Fund |
2,035,304.00 |
0 |
2,035,304 |
1,475,091.00 |
0 |
1,475,091 |
37.98% |
0.00% |
37.98% |
|
Net Premium |
2,234,905.00 |
99,616.00 |
2,334,521 |
1,503,628.00 |
34,500.00 |
1,538,128 |
48.63% |
188.74% |
51.78% |
|
Income from Investment, Loans and Others |
43,196.00 |
16,301.00 |
59,497 |
39,954.00 |
5,575.00 |
45,529 |
8.11% |
192.39% |
30.68% |
|
Claim Payment (Net) |
511,144.00 |
34,744.00 |
545,888 |
315,057.00 |
15,469.00 |
330,526 |
62.24% |
124.60% |
65.16% |
|
Re-Insurance Commission Expenses |
608,528.00 |
0 |
608,528 |
389,620.00 |
0 |
389,620 |
56.19% |
0.00% |
56.19% |
|
Net Profit |
337,864.00 |
54,500.00 |
392,364 |
379,407.00 |
28,093.00 |
407,500 |
-10.95% |
94.00% |
-3.71% |
|
Earnings per share |
|
|
16 |
|
|
19.40 |
|
|
|
|
Net worth per share |
|
|
153.81 |
|
|
143.99 |
|
|
|
|
Price to Book |
|
|
5.55 |
|
|
- |
|
|
|
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