Premier & Neco Insurance profit elevates by massive 78.12% & 58.70% in Q2; United Insurance profit slides by 35.52%
Tue, Feb 16, 2016 2:26 PM on Latest, Financial Analysis, Featured,
Premier Insurance Company Limited (PIC) has posted 78.12% rise in net profit for the second quarter of the fiscal year 2072/73.
As per the unaudited report for the second quarter published today, the insurance company reported a net profit of Rs.4.02 crore in the Q2 of current fiscal year, up from Rs.2.25 crore in the corresponding period last year.
PIC net earnings from premiums increase to Rs.17.24 crore from Rs. 12.78 crore. It has a paid up capital of Rs. 28.75 crore.
The reserve fund of the company has increased to Rs. 19.68 crore in Q2 from Rs.8.29 crore in the same quarter previous fiscal year. Likewise, the company’s insurance fund has risen to Rs. 11.84 crore from Rs.9.15 crore.
The company’s number of policy holders has risen to 40.79 thousand this quarter compared to 22.96 thousand reported in the same period last year.
Premier Insurance’s earning per share (EPS) stands at Rs. 13.99, net worth per share is at Rs. 209.68 and P/E ratio at 68.60 times.
Likewise, Neco Insurance Company Limited (NIL) has posted 58.70% rise in net profit for the second quarter of the fiscal year 2072/73.
As per the unaudited report for the second quarter published today, the insurance company reported a net profit of Rs.3.34 crore in the Q2 of current fiscal year, up from Rs.2.10 crore in the corresponding period last year.
The company’s net earnings from premiums increase to Rs.17.68 crore from Rs. 12.09 crore. It has a paid up capital of Rs. 28.17 crore.
The reserve fund of the company has increased to Rs.11.25 crore in Q2 from Rs.7.87 crore in the same quarter previous fiscal year. Likewise, the company’s insurance fund has risen to Rs. 13.60 crore from Rs. 8.37 crore.
The company’s number of policy holders has risen to 46.20 thousand this quarter compared to 23.96 thousand reported in the same period last year.
Neco nsurance’s annualized earning per share (EPS) stands at Rs. 11.85, net worth per share is at Rs. 188.31 and P/E ratio at 74.26 times.
Meanwhile, United Insurance Company (Nepal) Limited (UIC) has reported 35.52 percent decline in profit for the second quarter of the fiscal year 2072/73.
As per the unaudited report for the second quarter published today, the insurance company reported a net profit of Rs. 93.25 lakh in the Q2 of current fiscal year, down from Rs.1.44 crore in the corresponding period last year.
The company’s net earnings from premiums rose to Rs. 14.87 crore from Rs 12.45 crore. UIC has a paid up capital of Rs.25.20 crore.
UIC reserve fund of the company increased to Rs.14.18 crore in Q2 from Rs.11.43 crore as in the corresponding quarter previous fiscal year. Likewise, The Company’s insurance fund increased to Rs. 7.04 crore from Rs.6.67 crore.
The company’s number of policy holders has risen to 24.92 thousand this quarter compared to 19.32 thousand as in the same period last year.
United Insurance earning per share (EPS) stands at Rs.3.70, net worth per share at Rs.184.28 and P/E ratio at 106.75 times.
The reserve fund of the company has increased to Rs. 19.68 crore in Q2 from Rs.8.29 crore in the same quarter previous fiscal year. Likewise, the company’s insurance fund has risen to Rs. 11.84 crore from Rs.9.15 crore.
The company’s number of policy holders has risen to 40.79 thousand this quarter compared to 22.96 thousand reported in the same period last year.
Premier Insurance’s earning per share (EPS) stands at Rs. 13.99, net worth per share is at Rs. 209.68 and P/E ratio at 68.60 times.
Likewise, Neco Insurance Company Limited (NIL) has posted 58.70% rise in net profit for the second quarter of the fiscal year 2072/73.
As per the unaudited report for the second quarter published today, the insurance company reported a net profit of Rs.3.34 crore in the Q2 of current fiscal year, up from Rs.2.10 crore in the corresponding period last year.
The company’s net earnings from premiums increase to Rs.17.68 crore from Rs. 12.09 crore. It has a paid up capital of Rs. 28.17 crore.
The reserve fund of the company has increased to Rs.11.25 crore in Q2 from Rs.7.87 crore in the same quarter previous fiscal year. Likewise, the company’s insurance fund has risen to Rs. 13.60 crore from Rs. 8.37 crore.
The company’s number of policy holders has risen to 46.20 thousand this quarter compared to 23.96 thousand reported in the same period last year.
Neco nsurance’s annualized earning per share (EPS) stands at Rs. 11.85, net worth per share is at Rs. 188.31 and P/E ratio at 74.26 times.
Meanwhile, United Insurance Company (Nepal) Limited (UIC) has reported 35.52 percent decline in profit for the second quarter of the fiscal year 2072/73.
As per the unaudited report for the second quarter published today, the insurance company reported a net profit of Rs. 93.25 lakh in the Q2 of current fiscal year, down from Rs.1.44 crore in the corresponding period last year.
The company’s net earnings from premiums rose to Rs. 14.87 crore from Rs 12.45 crore. UIC has a paid up capital of Rs.25.20 crore.
UIC reserve fund of the company increased to Rs.14.18 crore in Q2 from Rs.11.43 crore as in the corresponding quarter previous fiscal year. Likewise, The Company’s insurance fund increased to Rs. 7.04 crore from Rs.6.67 crore.
The company’s number of policy holders has risen to 24.92 thousand this quarter compared to 19.32 thousand as in the same period last year.
United Insurance earning per share (EPS) stands at Rs.3.70, net worth per share at Rs.184.28 and P/E ratio at 106.75 times.
