Premier Insurance Increase Net Profit by 12%

May 15, 2019 Merolagani

Premier Insurance (PIC) has increased its net profit  by 12.57 percent to Rs 150.3 million in the third quarter of the current FY compared to Rs 133.5 million of the corresponding period of the last FY.

The company with Rs 584 million in paid-up capital has reserve fund of Rs 641.9 million, insurance fund of Rs 478.8 million and disaster fund of Rs 43.8 million.

During the period, it earned net insurance premium of Rs 605.6 million in the third quarter of the current FY compared to Rs 621.4 million of the corresponding period of the last FY.

The company earned Rs 156.8 million in reinsurance commission and Rs 64.1 million in investment, loan and other income.

In the review period, the company maintained EPS of Rs 34.32, net worth per share of Rs 299.43 and P/E ratio of 31.70.

Till date, the company earned total insurance premium of Rs 1.21 billion. the company paid Rs 730.6 million to 4,891 claims and has outstanding claim of Rs 963.9 million to 5,235 claims.


comments powered by Disqus

SEBON Reinstate Same Old Mantra; New Stock Exchange for Market Development

Jul 15, 2019 04:33 PM

Securities Board of Nepal (SEBON) has reinstated its commitment of opening new stock exchange for the development of the domestic stock market