Financial Position of General Insurance Companies

Nov 19, 2017 Merolagani

A total of 15 general insurance companies have published their financial reports for the first quarter of the current FY. The accumulated paid-up capital of these companies amounts to Rs 8.11 billion. Similarly, the companies have Rs 4.21 billion in reserve fund and have collected Rs 2.50 billion in premium.

 

Paid-up Capital

In terms of paid-up capital, Himalayan General Insurance has the highest paid-up capital of Rs 1.02 billion while Everest Insurance has the lowest paid-up capital of Rs 121.5 million.

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Net Insurance Premium Earning

In terms of Net Insurance Premium Earning, Shekhar Insurance has earned the highest premium of Rs 400 million while Everest Insurance earned the least Rs 25 million premiums during the first quarter of the current FY.

Reserve and Fund

Out of the 15 companies, Rastriya Beema Company has maintained the highest reserve of Rs 1.96 billion. Similarly, Shekhar Insurance has maintained the second highest reserve of Rs 310 million. Meanwhile, United Insurance has maintained the lowest reserve of Rs 69.4 million.

Net Profit

In the first quarter of the current FY, the listed general insurance companies earned accumulated net profit of above Rs 500 million. Shikhar Insurance earned the highest net profit of Rs 95.5 million whereas Everest Insurance earned the least net profit of Rs 4.5 million.

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Share price and P/E ratio

Rastriya Beema Company has the highest share price of Rs 16,600 and P/E ratio of 230 times. Similarly, Himalayan General Insurance has the lowest share price of Rs 708 while its P/E ratio remained 81.46 times.

In terms of P/E ratio, Siddhartha Insurance has the least P/E ratio of 35.67 times.

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Earning per Share

In terms of EPS, Rastriya Beema Company has the highest EPS of Rs 72 whereas Himalayan General Insurance has the least EPS of Rs 8.69.

 

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