Nepal Reinsurance reports increment in Net Profit by small margin in Q3; How did it perform in terms of business volume?
Fri, Jul 16, 2021 8:30 AM on Company Analysis, Latest,
Nepal Reinsurance Company Limited (NRIC) has reported a total profit of Rs 92.57 crores including profit from Life Insurance and Non-Life Insurance business for the Q3 of FY 2077/2078. The profit slightly increased by 1.05% compared to the corresponding quarter which was Rs 91.61 crore.
The profit from Life insurance amounts to Rs. 10.10 crores while the net profit from Non-Life Insurance amounts to Rs 82.47 crores.
The total earnings from a net premium of the company increased by 19.94% amounting to Rs 5.92 arba in the current quarter which was Rs. 4.94 arba in the second 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 2.79 arba.
The company’s Insurance Fund stands at Rs 2.03 arba.
The annualized EPS of the company stood at Rs. 12.34 and net worth per share stood at Rs. 154.05. The company traded at a P/B multiple of 9.27 times.
(Investors are required to factor in current market price to determine the P/B ratio)
Major Highlights:
|
Particulars |
Nepal Reinsurance Company Limited |
||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Q3, 2077/2078 |
Total |
Q3, 2076/2077 |
Total |
Difference |
Total |
||||
|
Non-Life |
Life |
Non-Life |
Life |
Non-Life |
Life |
||||
|
Paid-Up Capital |
10,000,000 |
0 |
10,000,000 |
8,400,000 |
0 |
8,400,000 |
19.05% |
0.00% |
19.05% |
|
Reserve & Surplus |
2,732,267 |
637,594 |
3,369,861 |
2,796,816 |
515,634 |
3,312,450 |
-2.31% |
23.65% |
1.73% |
|
Insurance Fund |
2,035,304 |
0 |
2,035,304 |
1,475,091 |
0 |
1,475,091 |
37.98% |
0.00% |
37.98% |
|
Net Premium |
5,226,145 |
699,549 |
5,925,694 |
4,628,450 |
312,252 |
4,940,702 |
12.91% |
124.03% |
19.94% |
|
Income from Investment, Loan and others |
295,502 |
15,123 |
310,625 |
257,895 |
12,872 |
270,767 |
14.58% |
17.49% |
14.72% |
|
Claim Payment (Net) |
1,709,075 |
280,592 |
1,989,667 |
1,741,673 |
102,840 |
1,844,513 |
-1.87% |
172.84% |
7.87% |
|
Net Profit |
824,765 |
101,030 |
925,795 |
825,077 |
91,078 |
916,155 |
-0.04% |
10.93% |
1.05% |
|
Annualized EPS (In Rs.) |
12.34 |
- |
14.54 |
- |
- |
- |
- |
||
|
Net Worth per share (In Rs.) |
154.05 |
- |
156.99 |
- |
- |
- |
- |
||
|
Price/Book Ratio |
9.27 |
- |
- |
- |
- |
- |
- |
||
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