Premier Insurance reports fall in total number of policies issued and subsequent fall in net earning from premium for Q4 of 2075/76; EPS stands at Rs 22.86

Premier Insurance Company Limited (PIC) has earned a net profit of Rs 24.56 crore in the Q4 of 2075/76 FY. The profit of the company has increased by 46.31% 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 to Rs 80.80 crore in Q4 2075/76 from Rs 81.82 crore in the corresponding quarter of last fiscal year.

The insurance company has a paid-up capital of Rs 1.07 arba with a reserve of Rs 15.73 crore in Q4 of 2075/76.

Likewise, the company’s insurance fund has increased to Rs 48.64 crore from Rs 40.09 crore in the corresponding quarter of last fiscal year.

The insurance company has issued a total of 189,156 insurance policies till Q4 of 2075/76, which is a decrease from last year's 197,078 policies.

As per the fourth quarter report, the annualized EPS of the insurance company stands at Rs 22.86 with net worth per share of Rs 164.05. The PE Ratio stands at 21.44 times.

Q4 report