Sagarmatha Insurance reports net profit of Rs. 7.02 crore; EPS and Net worth per share stand at Rs. 31.54 and Rs. 319.62 with PE ratio of 42.48 times in Q2

Sagarmatha Insurance Company Limited (SIC) has published its second-quarter report for the fiscal year 2075/76.

The insurance company has reported a profit of Rs 8.49 crore in this quarter which was Rs 7.02 crore in the corresponding quarter of the FY 2074/75.

The net insurance premium also increased from last year's corresponding quarter from Rs 45.66 crore to Rs. 52 crore. Its income from reinsurance commission has increased to Rs 15.08 crore.

Its paid-up capital stands at Rs 53.82 crore with a reserve fund of Rs 61.28 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. 31.54, net worth per share at Rs. 319.62 and P/E ratio at 42.48 times.

Q2 report