Prudential Insurance earns Rs 6.83 crore with growth of 8.8% in Q2; EPS stands at Rs 21.32

Prudential Insurance Company Limited (PICL) has stated growth in its net profit by 8.80% in the second quarter of the ongoing fiscal year 2075/76.

Publishing the financial report today, the non-life insurance company stated that it earned a net profit of Rs 6.83 crore in Q2 of the FY 2075/76, up from Rs 6.28 crore in the corresponding quarter of the FY 2074/75.

Along with its net profit, its net income from premium (net) has increased from Rs 24.01 crore to Rs 25.01 crore at the end of Q2 this year. Its income from reinsurance commission has decreased to Rs 10.09 crore from Rs 12.63 crore in the last corresponding quarter.

It has made claim payment worth Rs 13.10 crore to 2,473 policies and it has provisioned Rs 16 crore for pending claims.

Its current paid up capital stands at Rs 64.15 crore. It has a reserve fund of Rs 21.11 crore and the insurance fund amounts to Rs 43.98 crore.

Its annualized earning per share stands at Rs 21.32, net worth per share at Rs 201.47 and P/E ratio at  32.36 times.