Kathmandu: Himalayan General Insurance Company has published its financial statements for the fourth quarter of FY 2077/88. Compared to the same period of the previous fiscal year, most of the company’s indices have declined.
The company’s net profit declined during the period under review. The company has earned a net profit of Rs. 155.5 million during the period. The company had earned a net profit of Rs. 173.5 million in the corresponding period of the previous fiscal year. The company’s net profit decreased by 10.35 percent compared to the same period of the previous fiscal year.
The company has a paid-up capital of Rs 1.10 billion.Its reserve fund is of Rs. 246.7 million. The company had a reserve fund of Rs. 201 million in the corresponding period of the previous FY. The company has an insurance fund of Rs. 639.7 million. The company’s insurance fund had stood at Rs. 561.9 million in the corresponding period of the previous FY.
As of the fourth quarter of the last FY, it has earned net premium of Rs. 259 million. The company had earned Rs. 261.2 million in net insurance premium in the corresponding period of the previous FY.Compared to the same period of the previous FY, the company’s own premium income decreased by 3.96 percent.
The company has paid Rs.120 million in net claims during the review period. Compared to the same period of the previous fiscal year, the company’s net claim payment has decreased.The company had paid Rs. 135.3 million in the corresponding period of the previous FY.
The company has earned a total premium of Rs. 1.30 billion during the period. The company had earned a total premium of Rs. 1.39 billion in the corresponding period of the previous FY. The total premium income of the company has also decreased compared to the same period of the previous FY.
The company’s earnings per share stood at Rs.14.14 during the period under review. Net worth per share and PE ratio are Rs. 185.22 and 54.32 times respectively.
