Sanima general reports satisfactory growth in major profitability indicators and business volume in Q3; Look at the major highlights of Q3
Sun, May 2, 2021 7:50 AM on Latest, Company Analysis,
Sanima General Insurance Limited (SGI) has published its third-quarter report of FY 2077/2078 with a rise in Net Profit by 100.95%. The company’s profit has increased from Rs. 2.89 crores to Rs. 5.81 crores in this quarter.
As per the unaudited report for the third quarter published today, SGI has a paid-up capital of Rs. 1.00 Arba with a reserve and surplus of Rs. 7.95 crores.
The company has 8.75 crores in insurance funds and Rs. 86.46 lakhs in contingent fund till the third quarter of FY 2077/2078.
The net earnings from the premium rose by 46.89% to Rs. 13.84 crores till Q3, 2077/2078 from Rs. 9.42 crores in the corresponding quarter of the last fiscal year. The company has earned Rs. 1.53 crores from investments, loans, and others.
The company’s Net claim payment rose by 55.27% to Rs. 3.58 crores in Q3 of FY 2077/2078. Till this quarter, the company has issued 57,824 policies.
SGI's EPS stands at Rs. 7.76 whereas net worth per share stands at Rs. 117.03 in the third quarter of the fiscal year 2077/2078.
Major Highlights:
|
Particulars |
Sanima General Insurance Limited |
||
|---|---|---|---|
|
Q3, 2077/2078 |
Q3, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
1,000,000.00 |
700,000.00 |
42.86% |
|
Reserve & Surplus |
75,955.00 |
37,771.00 |
101.09% |
|
Insurance Fund |
85,720.00 |
44,107.00 |
94.35% |
|
Contingent Fund |
8,646.00 |
4,403.00 |
96.37% |
|
Gross Premium |
464,628.74 |
263,306.32 |
76.46% |
|
Net Premium |
138,467.00 |
94,267.00 |
46.89% |
|
Re-Insurance Income |
84,005.00 |
48,322.00 |
73.84% |
|
Income from Investment, Loan, and others |
15,398.00 |
9,548.00 |
61.27% |
|
Claim Payment (Net) |
35,808.00 |
23,062.00 |
55.27% |
|
Agent Commission |
8,852.00 |
5,853.00 |
51.24% |
|
Net Profit |
58,170.00 |
28,947.00 |
100.95% |
|
No. Of Policies |
57,824.00 |
31,872.00 |
- |
|
Annualized EPS (Rs.) |
7.76 |
5.51 |
- |
|
Net Worth Per Share |
117.03 |
112.33 |
- |
|
Price/Book Ratio (times) |
6.81 |
- |
- |
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