Sanima GIC Insurance Raises Net Profit by 93.36%

Aug 16, 2023 03:36 PM Merolagani



Sanima GIC Insurance (SGIC) earned net profit of Rs 280.1 million in the last FY.

The net profit increased by 93.36 percent compared to Rs 144.9 million of the corresponding period of the previous FY.

During the period, its net insurance premium increased by 126.47 percent to Rs 628.8 million in the review period compared to Rs 277.6 million of the previous FY.

During the period, it earned reinsurance commission of Rs 321.7 million and Rs 114.8 million from investment, loans and others.

The company with Rs 2 billion in paid-up capital has reserve fund of Rs 329.4 million, life insurance fund of Rs 426.7 million and disaster fund of Rs 36.5 million.

The company maintained EPS of Rs 14.01, P/E ratio of 46.39 times and net worth per share of Rs 139.65. 




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