Himalayan Everest Insurance Raises Net Profit by 50%

Aug 14, 2024 12:51 PM Merolagani



Himalayan Everest Insurance (HEI) has published its fourth quarter report of the last FY.

As per the report, its net profit increased compared to the corresponding period of the  previous FY.

In the review period, it earned net profit of Rs 667.9 million. The net profit increased by 50.08 percent compared to Rs 445 million of the corresponding period of the previous FY.

During the period, its net insurance premium increased by 36.94 percent and total income by 44.14 percent. In the review period, its net claim payment increased by 56.60 percent and total expenses by 37.44 percent.

The company maintained EPS of Rs 26.42, P/E ratio of 23.65 times and net worth per share of Rs 191.83.

The company with Rs 2.50 billion in paid-up capital has special reserve of Rs 1.74 billion, catastrophic fund of Rs 73.7 million, retained earnings of Rs 380 million and other equity of Rs 97.7 million.




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