Net Profit of Sagarmatha Lumbini Insurance Increases

Aug 16, 2023 02:57 PM Merolagani



Sagarmatha Lumbini Insurance (SALICO) earned Rs 458.2 million in net profit  as per its fourth quarter report of the last FY.

The net profit increased by 22.27 percent compared to Rs 374.8 million of the corresponding period of the previous FY.

During the period, its net insurance premium increased by 14.95 percent to Rs 1.52 billion in the review period compared to Rs 1.32 billion of the previous FY.

During the period, it earned reinsurance commission of Rs 400.7 million and Rs 147.3 million from investment, loans and others.

The company with Rs 2.62 billion in paid-up capital has reserve fund of Rs 913.2 million, life insurance fund of Rs 2.28 billion and disaster fund of Rs 184.5 million.

The company maintained EPS of Rs 29.36, P/E ratio of  25.48 times and net worth per share of Rs 228.99.




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