Premier Insurance shows stable growth in Q2 of 75/76; Profit stands at Rs 5.89 crore with 8.8% growth; Net worth per share stands at Rs 283.24
Thu, Feb 14, 2019 10:30 AM on Financial Analysis, Latest, Stock Market,
Premier Insurance Company Limited ( PIC ) has earned a net profit of Rs 5.89 crore in the Q2 of 2075/76 FY. The profit of the company has increased by 8.8% 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 increased by 1.98% to Rs 41.6 crore in Q2 2075/76 from Rs 40.79 crore in the corresponding quarter of last fiscal year.
The company's number of policyholders has increased by 9.18% to 1.03 lakh in Q2 2075/76 from 94.4 thousand in the corresponding quarter of last fiscal year.
The insurance company has a paid-up capital of Rs 58.4 crore with a reserve of Rs 60.11 crore in Q2 2075/76.
Likewise, the company’s insurance fund has increased to Rs 43.01 crore from Rs 36.75 crore in the corresponding quarter of last fiscal year.
Major Highlights of Q2;
| Particulars (In Rs '000) | PIC | ||
|---|---|---|---|
| Q2 2075/76 | Q2 2074/75 | Difference | |
| Paid Up Capital | 584,000.00 | 448,504.00 | 30.21% |
| Reserved & Surplus | 601,053.00 | 203,814.00 | 194.90% |
| Insurance Fund | 430,134.00 | 367,483.00 | 17.05% |
| Net Earnings From Premium | 415,972.00 | 407,892.00 | 1.98% |
| Insurance Claim Payment | 240,501.00 | 185,321.00 | 29.78% |
| Policy Holders | 103,121.00 | 94,447.00 | 9.18% |
| Net Profit | 58,860.00 | 54,100.00 | 8.80% |
| EPS | 20.16 | 24.12 | -16.44% |
Its annualized EPS has stood at Rs 20.16 and net worth per share at Rs 283.24 respectively.
According to the report the company's P/E ratio stands at 52.98 times.
