Himalayan General Insurance ‘s Net Profit Diminishes

May 05, 2021 02:17 PM Merolagani

The net profit of Himalayan General Insurance (HGI) has decreased by 19.13 percent in the third quarter of the current FY. The company has earned Rs 91 million in net profit compared to Rs 112.5 million of the corresponding period of the last FY.

Meanwhile, its net insurance premium has increased by 16.83 percent to Rs 216.3 million compared to Rs 185.1 million of the last FY.

The company with Rs 1.06 billion in paid-up capital has reserve fund of Rs 286.6 million, insurance fund of Rs 607.4 million and disaster fund of Rs 51.1 million.

The company has EPS of Rs 11.36, net worth per share of Rs 188.48 and P/E ratio of 90.95 times.

During the period, the company issued 5,684 insurance policies and earned a total of Rs 1.54 billion in total insurance premium. The company paid Rs 547.4 million to 2,602 policies and has outstanding payment of Rs 1.18 billion to 6,541 claims.

 

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