Net Profit of Rastriya Beema Company Declines Despite Increased Net Insurance Premium

May 14, 2021 02:05 PM Merolagani



The net profit of Rastriya Beema Company (RBCL) has declined by 49.47 percent to Rs 271.2 million in the third quarter of the current FY compared to Rs 534.3 million of the corresponding period of the last FY.

During the period, the company however increased its net insurance premium by 10.85 percent to Rs 193.7 million compared to Rs 174.7 million of the review period of the last FY.

Similarly, its income from loan investment and other sources decreased by 38.80 percent to Rs 105.5 million from earlier Rs 172.4 million.

Likewise, it earned reinsurance commission on Rs 137.8 million.

The company that has paid-up capital of Rs 266.6 million has reserve fund of Rs 3.10 billion, insurance fund of Rs 2.38 billion.

During the period, it issued 39,628 policies and has earned Rs 1.37 billion in total insurance premium. Similarly, it paid Rs 147.4 million to 8,721 claims.

The company has EPS of Rs 135.02, net worth per share of Rs 1263.88 and P/E ratio of 177.85 times.




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