Himalayan Re-Insurance Raises Net Profit

Nov 15, 2024 09:45 AM Merolagani



Himalayan Reinsurance has published its first quarter report of the current FY.

As per the report, it earned a net profit of Rs 226.3 million during the period. The net profit increased by 29.22 percent compared to Rs 175.2 million of the corresponding period of the last FY.

In the review period, it raised total insurance premium by 10.95 percent and total income by 22.80 percent.

Similarly, its net claim payment increased by 13.73 percent and total expenses by 15.60 percent.

The company with Rs 10.4 billion in paid-up capital has special reserves of Rs 1.30 billion, disaster fund of Rs 132.1 million, retained earning of Rs 819.5 million and other equity of Rs 31.6 million.

The company logged EPS of Rs 8.71, P/E ratio of 103.56 times and net worth per share of Rs 159.16.

 




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