Net Profit of Prudential Insurance Decreases

Aug 16, 2019 02:16 PM Merolagani

The net profit and net insurance premium of Prudential Insurance (PICL) has declined in the fourth quarter of the last FY. The net profit of the company decreased by Rs 26.9 million while its net insurance premium decreased by Rs 14.1 million during the period.

In the review period, the company earned the net profit of Rs 131.7 million in the fourth quarter of the last FY compared to Rs 158.6 million of the corresponding period of the previous FY. The net profit increased by Rs 26.9 million in the review period.

In the review period, the company earned insurance premium of Rs 461.1 million in the review period compared to Rs 475.2 million of the corresponding period of the previous FY. The net insurance premium decreases by Rs 14.1 million during the review period.

During the period, the company earned Rs 197.3 million in reinsurance commission, Rs 46.1 million in investment, loan and other income.

The company with Rs 641.5 million in paid-up capital has reserve fund of Rs 192.1 million, insurance fund of Rs 463.4 million and disaster fund of Rs 41.8 million.

Till date, the company has issued 126,268 insurance policies and has collected total insurance premium of Rs 1.24 billion. It has paid Rs 1.04 billion on 6,728 insurance policies and has outstanding claim payment of Rs 518.9 million.

The company has EPS of Rs 20.53, net worth per share of Rs 208.10 and P/E ratio of 27.03 times.


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How much dividend stock investors received this year?

Jan 22, 2020 02:51 PM

Stock investors received a generous amount of dividends from listed companies for the last FY.