Premier Insurance Company reports 12.57% growth in the net profits for the third quarter; sharp fall in the number of policyholders

  • -ShareSansar
Wed, May 15, 2019 12:52 PM on Financial Analysis, Latest, Stock Market,
Premier In...

Premier Insurance Company Limited (PIC) has earned a net profit of Rs 15.03 crore in the Q3 of 2075/76 FY. The profit of the company has increased by 12.57% in this quarter compared to the corresponding quarter of last fiscal year.

As per the unaudited report published today, the net earnings from premium has decreased by 2.54% to Rs 60.56 crore in Q3 2075/76 from Rs 62.14 crore in the corresponding quarter of last fiscal year.

The insurance company has a paid-up capital of Rs 58.40 crore with a reserve of Rs 64.19 crore in Q3 2075/76.

Likewise, the company’s insurance fund has increased to Rs 47.88 crore from Rs 43.42 crore in the corresponding quarter of last fiscal year.

As per the third quarter report, the annualized EPS of the insurance company stands at Rs 34.32 with net worth per share of Rs 299.43. The PE Ratio stands at 31.70 times.