Premier Insurance reports growth in business volume by small margin; Look at the major highlights of Q3
Mon, May 3, 2021 7:38 AM on Latest, Financial Analysis,
Premier Insurance Company Limited (PIC) has earned a net profit of Rs 28.96 crore till the Q3 of FY 2077/78. The profit of the company has increased by 52.07% in this quarter compared to the corresponding quarter of the last fiscal year.
As per the unaudited report published today, the net earnings from premium have increased by 11.41% to Rs 59.00 crores from Rs 52.96 crore in the corresponding quarter of the last fiscal year.
The insurance company has a paid-up capital of Rs 1.07 Arba with a reserve of Rs 33.93 crore in Q3 of 2077/78.
Likewise, the company’s insurance fund has increased to Rs 81.05 crore from Rs 26.07 crore in the corresponding quarter of the last fiscal year.
The insurance company has issued a total of 123,599 insurance policies, which is a decline of 24.69%.
As per the third-quarter report, the EPS of the insurance company stands at Rs 35.94 with a net worth per share of Rs 210.22. The quarter-end Price to Book Ratio stands at 6.12 times.
Major Highlights:
|
Particulars |
Premier Insurance Company Limited |
||
|---|---|---|---|
|
Q3, 2077/2078 |
Q3, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
1,074,560.00 |
1,074,560.00 |
0.00% |
|
Reserve & Surplus |
333,932.00 |
260,766.00 |
28.06% |
|
Insurance Fund |
810,504.00 |
590,759.00 |
37.20% |
|
Contingent Fund |
39,972.00 |
54,928.00 |
-27.23% |
|
Gross Premium |
1,387,306.00 |
1,305,020.00 |
6.31% |
|
Net Premium |
590,082.00 |
529,645.00 |
11.41% |
|
Re-Insurance Income |
158,099.00 |
161,659.00 |
-2.20% |
|
Income from Investment, Loan and others |
98,354.00 |
68,909.00 |
42.73% |
|
Claim Payment (Net) |
270,888.00 |
366,423.00 |
-26.07% |
|
Agent Commission |
18,499.00 |
19,736.00 |
-6.27% |
|
Net Profit |
289,620.00 |
190,454.00 |
52.07% |
|
No. Of Policies |
123,599.00 |
109,709.00 |
- |
|
Annualized EPS (Rs.) |
35.94 |
23.63 |
- |
|
Net Worth Per Share |
210.22 |
184.36 |
- |
|
Price/Book Ratio (times) |
6.12 |
- |
- |
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