Prudential Insurance Company Reports Decline in Net Profit by 10.75%; Look at the major highlights
Thu, May 12, 2022 3:20 PM on Latest, Financial Analysis, Stock Market,
Prudential Insurance Company Limited (PICL) has published its third-quarter report of FY 2078/2079 with a decrease in Net Profit by 7.81%. The company’s profit has decreased from Rs. 12.7 crores to Rs. 11.3 crores in this quarter.
As per the unaudited report for the third quarter published today, PICL has a paid-up capital of Rs. 1.10 Arba with a reserve and surplus of Rs.31.5 crores. The company has Rs. 65.3 crores in the insurance fund.
The company’s Net claim payment increased by 7.70% to Rs. 17.7 crores in Q3 of FY 2078/2079. Till this quarter, the company has issued 106,285 policies.
Prudential Insurance’s EPS stands at Rs. 13.67 whereas Net worth per share stands at Rs. 189.43 in the third quarter of the fiscal year 2078/2079.
Major financial highlights
| Particulars (In Rs '000") | Prudential Insurance Co Ltd | ||
|---|---|---|---|
| Q3 2078/79 | Q3 2077/78 | Difference | |
| Paid Up Capital | 1,108,547 | 1,026,432 | 8.00% |
| Reserve and Surplus | 315,594 | 261,451 | 20.71% |
| Insurance Fund | 653,635 | 600,586 | 8.83% |
| Contingent Fund | 22,173.00 | 54,614.00 | 0.00% |
| Insurance Fees | 357,451 | 484,545 | -26.23% |
| Re-Insurance Commission Income | 119,948 | 109,155 | 9.89% |
| Income from Investment, Loan and others | 31,299 | 36,147 | -13.41% |
| Other Direct Income | 1,682 | 2,331 | -27.84% |
| Claim Payment (Net) | 177,241 | 164,576 | 7.70% |
| Agent Commission | 44,941 | 51,767 | -13.19% |
| Other Direct Expenses | 10,748 | 6,264 | 71.58% |
| Administrative Expenses | 148,721 | 129,140 | 15.16% |
| Net Profit | 113,629 | 127,311 | 10.75% |
| No of Policies Issued | 106,285 | 127,473 | -16.62% |
| EPS (In Rs.) | 13.67 | 16.54 | |
| Net Worth per Share (In Rs.) | 189.43 | 189.30 | |
| Qtr End PE Ratio | 43.12 | - | - |
| Qtr End Market Price | 589.50 | - | - |
