Sagarmatha Insurance Q3 remain stagnant: profit rises by just 1.29% and gross premium collection reaches Rs 1.70 arba
Fri, May 8, 2020 6:39 AM on Financial Analysis, Stock Market,
Sagarmatha Insurance Company Limited (SIC) net profit has increased by meager 1.29% in the third quarter of the fiscal year 2076/77. The company net profit has increased from Rs 17.19 Crore in the corresponding quarter to Rs 17.41 Crore in the Q3 of the FY 2076/77.
The net earnings from premium stood at Rs 74.36 Crore till Q3 of FY 2076/77. The company has earned Rs 6.37 Crore from investment, loans, and others while its reinsurance income stands at Rs 23.02 Crore.
Sagarmatha Insurance has a paid-up capital of Rs 1 Arba with a reserve and surplus of Rs 34.47 Crore. It has Rs 62.13 crore in insurance fund.
The annualized EPS and net worth per share stand at Rs 23.19 and Rs 207.65. The quarter-end P/E ratio of the company is at 25.01 times.
Major Highlights:
|
Particulars (In Rs '000) |
Sagarmatha Insurance |
||
|---|---|---|---|
|
Q3 2076/77 |
Q3 2075/76 |
Difference |
|
|
Paid Up Capital |
1,001,223 |
538,292 |
86.00% |
|
Reserve and Surplus |
344,764 |
699,827 |
-50.74% |
|
Insurance Fund |
621,353 |
488,791 |
27.12% |
|
Contigent Fund |
111,685 |
80,582 |
|
|
Gross Premium |
1,702,789 |
1,589,484 |
7.13% |
|
Net Premium |
743,614 |
836,125 |
-11.06% |
|
Re-Insurance Commission Income |
230,274 |
208,645 |
10.37% |
|
Income from Investment, Loan and others |
63,751 |
62,912 |
1.33% |
|
Claim Payment (Net) |
429,921 |
404,008 |
6.41% |
|
Agent Commission |
32,194 |
32,171 |
0.07% |
|
Gross Profit |
207,025 |
206,333 |
0.34% |
|
Net Profit |
174,130 |
171,913 |
1.29% |
|
No of Policies |
114,266 |
106,472 |
7.32% |
|
EPS (In Rs.) |
23.19 |
42.58 |
-45.54% |
|
Net Worth per Share (In Rs.) |
207.65 |
335.78 |
-38.16% |
|
Qtr End PE Ratio |
25.01 |
- |
- |
|
Qtr End Market Price |
580 |
- |
- |
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