Outstanding performance takes Siddhartha Insurance’s EPS to Rs 42.93; Prudential Insurance earns Rs 18.10 crore profit in the Q4

Siddhartha Insurance Limited (SIL) has stated growth in its net profit by 22.71% in the fourth quarter of the ongoing fiscal year 2074/75.

Publishing the financial report, it stated net profit of Rs 27.53 crore in Q4 of the FY 2074/75, up from Rs 22.44 crore in the corresponding quarter of the FY 2073/74.

While its income from net premium has also increased from Rs 70.58 crore to Rs 89.47 crore at the end of Q4 this year, its income from reinsurance commission has increased to Rs 23.26 crore.

Its current paid up capital stands at Rs 64.14 crore with reserve fund of Rs 16.04 crore and insurance fund of Rs 55.04 crore.

After the issuance of 35% right share its paid up capital will reach Rs 86.58 crore. As per the new guideline, non-life insurance companies should have a minimum paid up capital of Rs 1 arba by the end of FY 2074/75 and SIL will meet the requirement after issuance of bonus and right share.

Its annualized earning per share stands at Rs 42.93 and net worth per share stands at Rs 221.44.

Prudential Insurance Company Limited (PICL) has stated rise in net profit by 5.62% in the fourth quarter of the FY 2074/75.

As per the unaudited report for the fourth quarter, the insurance company reported net profit of Rs 18.10 crore in Q4 of fiscal year 2074/75, up from Rs 17.13 crore of the corresponding fiscal year. Its paid up capital stands at Rs 64.15 crore.

The company’s earnings from premium increased to Rs 47.57 crore in Q4 from Rs 32.67 crore in the corresponding quarter.

The reserve fund of the company has also inclined to Rs 18.003 crore from the corresponding year’s Rs 18.86 crore. The company’s insurance fund has also increased to Rs 41.13 crore from Rs 32.08 crore in the corresponding quarter of the previous year.

Its EPS stands at Rs 28.22 while its PE ratio is at 27.64 times. The net worth per share of the company amounts to Rs 192.19.