Net Profit of Premier Insurance Increases by 29.5%

May 15, 2018 Merolagani

Premier Insurance (PIC) has increased its net profit by 29.57 percent to Rs 133.5 million in the third quarter of the current FY compared to Rs 103.05 million of the corresponding period of the last FY.

The company that increased its paid-up capital to Rs 584 million from Rs 448.5 million in the review period has maintained a reserve fund of Rs 704.56 million, insurance fund of Rs 434.2 million and disaster fund of Rs 39.48 million.

In the review period, the company issued 146,632 insurance policies earning Rs 1.13 billion in insurance premium. In the review period of the last FY, it earned Rs 1 billion from 134,206 policies.

Similarly, the company paid Rs 298.7 million in net claims which was Rs 179.9 million in the last FY.

The company has EPS of Rs 30.49, P/E ratio of 45.23 times and net worth per share of Rs 301.76.

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