Shikhar Insurance Logs Plain Growth in Q2

Feb 12, 2021 10:10 AM Merolagani

Shikhar Insurance Company (SICL) has published its financial report for the second quarter of the current FY. As per the report, the net insurance premium and net profit of the company has improved by small margin.

In the review period, the company earned Rs 744.5 million in net insurance premium compared to Rs 725.6 million of the corresponding period of the last FY.

During the period, the company logged net profit of Rs 241.4 million. The net profit increased by Rs 25.3 million compared to Rs 216 million of the last FY.

In the review period, the company earned Rs 287.5 million from reinsurance commission and Rs 114.1 million from loans and other.

The company has paid-up capital of Rs 1.37 billion, reserve fund of Rs 940.7 million and insurance fund of Rs 1.17 billion.  

The company issued 146,637 insurance policies and has earned Rs 2.11 billion from total insurance premium. It paid Rs 1.85 billion to 9,551 policies and has outstanding payment of Rs 1.71 billion to 12,604 claims.

The company logged EPS of Rs 35.13, net worth per share of Rs 267.97 and P/E ratio of 52.47 times.

 

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