NLG insurance reports satisfactory rise in net profit in Q3; EPS at Rs. 25.88, BVPS at Rs. 233.78
Wed, May 12, 2021 8:53 AM on Latest, Financial Analysis,
NLG Insurance Company Limited (NLG) has published its third-quarter report of FY 2077/78 with a 35.22% rise in net profit. As per the Q3 report; the company has earned Rs 21.28 Crores at the end of the third quarter FY 2077/78 compared to Rs 15.73 Crores in the corresponding quarter.
Its paid-up capital stands at Rs. 1.09 Arba. The reserve fund of the company has increased to Rs 42.28 Crores from the corresponding years' Rs 27.70 Crore. The company’s insurance fund has increased to Rs 1.00 Arba from Rs 87.09 Crore in the corresponding quarter of the previous year.
The company’s earnings from premium (net) increased to Rs 85.36 Crore in Q3 from Rs 62.65 Crores in the corresponding quarter of the last fiscal year.
The company has made a claim payment (net) worth Rs 38.13 Crore whereas the amount stood at Rs 42.81 Crores in the corresponding quarter.
The number of policies of NLG is 168,228.
Its EPS stands at Rs 25.88 while the quarter-end PB ratio is at 4.97 times. The net worth per share of the company amounts to Rs 233.78.
Major Highlights:
|
Particulars |
NLG Insurance Company Limited |
||
|---|---|---|---|
|
Q3, 2077/2078 |
Q3, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
1,096,376.00 |
640,406.00 |
71.20% |
|
Reserve & Surplus |
422,857.00 |
277,034.00 |
52.64% |
|
Insurance Fund |
1,002,712.00 |
870,955.00 |
15.13% |
|
Contingent Fund |
41,208.00 |
63,082.00 |
- |
|
Gross Premium |
1,691,422.00 |
1,313,197.00 |
28.80% |
|
Net Premium |
853,656.00 |
626,550.00 |
36.25% |
|
Re-Insurance Income |
225,487.00 |
197,743.00 |
14.03% |
|
Income from Investment, Loan and others |
72,892.00 |
64,892.00 |
12.33% |
|
Claim Payment (Net) |
381,328.00 |
428,163.00 |
-10.94% |
|
Agent Commission |
52,117.00 |
43,332.00 |
20.27% |
|
Net Profit |
212,803.00 |
157,374.00 |
35.22% |
|
No. Of Policies |
168,228.00 |
130,446.00 |
- |
|
Annualized EPS (Rs.) |
25.88 |
32.77 |
- |
|
Net Worth Per Share |
233.78 |
289.11 |
- |
|
Price/Book Ratio (times) |
4.97 |
- |
- |
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