Sagarmatha Insurance earns Rs 33.30 crore profit in the fourth quarter; EPS stands at Rs 61.88

Wed, Aug 29, 2018 10:54 AM on Financial Analysis, Stock Market, Featured,

Sagarmatha Insurance Company Limited has published its fourth quarter report for the fiscal year 2074/75. The insurance company has reported profit of Rs 33.30 crore in the fourth quarter which was Rs 27.62 crore in the corresponding quarter of the FY 2073/74.

The net insurance premium was Rs 88.49 crore which has increased by Rs 63.81 crore. Its income from reinsurance commission has increased to Rs 25.50 crore.

Its paid up capital stands at Rs 53.82 crore with reserve fund of Rs 51.78 crore and insurance fund amounts to Rs 48.87 crore. To meet the capital requirement of Rs 1 arba, SIC should hike its capital by Rs 46.18 crore (around 85.80%).

Its annualized earning per share stands at Rs 61.88, net worth per share at Rs 301.74 and P/E ratio at 21.66 times.