Sagarmatha Insurance earns Net Profit of Rs 333 Million in last FY

Aug 29, 2018 Merolagani

Sagarmatha Insurance (SIC) has logged a net profit of Rs 333 million in the last FY compared to Rs 276.2 million of the previous FY.

In the review period, the company earned a net insurance premium of Rs 884.9 million compared to Rs 638.1 million of the previous FY. Similarly, it earned a reinsurance commission of Rs 255 million compared to earlier Rs 199.719 million in the review period.

The company has a reserve fund of Rs 517.8 million, insurance fund of Rs 488.79 million and disaster fund of Rs 79.302 million in the period.

During the period, the company paid Rs 447.341 million in net claim. Such claim payment was Rs 370.202 million during the previous FY.

The number of issued policies reached 99,169 during the period.

The company with a paid-up capital of Rs 538.2 million has maintained EPS of Rs 61.88, P/E ratio at 21.66 times and net worth per share at Rs 301.74 during the period.

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