Siddhartha Insurance Logs Plain Growth

Feb 06, 2023 01:16 PM Merolagani

Siddhartha Insurance (SIL) has earned a net profit of Rs 147.3 million in the second quarter of the current FY. The net profit increased by merely 4.40 percent compared to Rs 141.1 million of the corresponding period of the last FY.

During the period, the company collected 751.4 million in net insurance premium. The net insurance premium grew by 24.52 percent compared to Rs 603.4 million of the review period of the previous FY.

It earned Rs 148.8 million from reinsurance commission and Rs 61.2 million from investment, loans and other sources.

The company with Rs 1.40 billion in paid-up capital has reserve fund of Rs 281.4 million, insurance fund of Rs 1.25 billion and catastrophic fund of Rs 101.9 million.

The company logged EPS of Rs 20.99, net worth per share of Rs 216.91 and P/E ratio of 30.87 times.

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