Net profits of Everest Insurance Company increase by 126% by the end of second quarter; annualized EPS reported at Rs.10.39

Everest Insurance Company Limited (EIC) has published its second quarter report of FY 2076/77 with 126.25% rise in net profit. As per the Q2 report; the company has earned Rs.5.69 Crore at the end of the second quarter FY 2076/77 compared to Rs.2.51 Crore in corresponding quarter.

It's paid up capital stands at Rs.1.09 Arba. The reserve fund of the company has increased to Rs.16.96 Crore from the corresponding years' Rs.12.33 Crore. The company’s insurance fund has increased to Rs.25.57 Crore from Rs.20.94 Crore in the corresponding quarter of the previous year.

The company’s earnings from premium (net) increased to Rs.23 Crore in Q2 from Rs.18.80 Crore in the corresponding quarter of last fiscal year.

The company has made claim payment (net) worth Rs.9.25 Crore whereas the same amount stood at Rs.4.23 Crore in the corresponding quarter.

The number of policies of EIC is 51,558 with 24.91% growth compared to the corresponding quarter.

Its annualized EPS stands at Rs.10.39 while quarter end PE ratio is at 30.89 times. The net worth per share of the company amounts to Rs.138.82.

Click here for Q2 report: