Sagarmatha Insurance Logs Plain Growth

Feb 11, 2022 03:14 PM Merolagani

Sagarmatha Insurance  (SIC) has published its second-quarter report of the current FY. As per the report, the net profit of the company increased by 0.24 percent to Rs 177.7 million compared to Rs  177.2 million of the corresponding period of the last FY.

Similarly, its insurance premium increased by 12.46 percent to Rs 778.3 million compared to Rs 692 million of the corresponding period of the last FY.

However, the company earned Rs 72.5 million through investment, loans and other income and Rs 197.8 million from reinsurance commission.

 The company with Rs 1.11 billion in paid-up capital has reserve fund of Rs 554.3 million, insurance fund of Rs 1.13 billion and disaster fund of Rs 108.2 million.

The company logged EPS of Rs 31.98, net worth per share of Rs 262 and P/E ratio of 43.06 times.

The company paid Rs 753 million to 4,609 claims and has outstanding payment of Rs 2.04 billion to 11,498 claims.

 

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