See the performance of Premier Insurance based on the fourth quarter report; Profit decline and EPS stands at Rs 28.74

Premier Insurance Company Limited (PIC) has stated decline in its net profit by 7.51% in the fourth quarter of the ongoing fiscal year 2074/75.

Publishing the financial report today, it has posted net profit of Rs 16.78 crore in Q4 of the FY 2074/75, from Rs 18.15 crore in the corresponding quarter of the FY 2073/74.

While its income from net premium has increased from Rs 74.16 crore to Rs 81.82 crore at the end of Q4 this year, its income from reinsurance commission has also increased to Rs 17.17 crore.

Its current paid up capital stands at Rs 58.40 crore (after the adjustment of 13.52% bonus share) with Rs 66.26 crore in reserve and insurance fund amounts to Rs 41.30 crore.

To meet the capital requirement of Rs 1 arba as per Insurance Board till Ashad 2075, it should further hike its capital by Rs 41.59 crore (around 71.20%).

Its annualized earning per share stands at Rs 28.74 and net worth per share at Rs 290.60