Kathmandu. Himalayan Everest Insurance Company Limited (HIC) in the last fiscal year 2082. It has published the unrevised financial statements of 83 years.
According to the financial report, the company has earned a net profit of Rs 33.78 crore in the last FY. Previous fiscal year 2081. The company had posted a net profit of Rs 53.23 crore in the review period. The company’s profit decreased by 36.53 percent compared to the previous year.
The company has paid-up capital of Rs 2.5 billion with special reserve of Rs 2.08 billion, catastrophe fund of Rs 99.9 million, retained earnings of Rs 27.47 crore and other equity of Rs 39.26 crore. In the previous year, the company had a special reserve of Rs 1.91 billion, Rs 82.1 million in catastrophe fund, Rs 30.15 crore in retained earnings and Rs 41.42 crore in other equity.
In the review year, the company’s insurance fund stood at Rs 4.47 billion. In the previous fiscal year, the insurance fund was Rs 3.85 billion. The size of the insurance fund has increased by 16.10 percent.
In the last fiscal year, the company earned Rs 4.84 billion in insurance premiums. In the previous fiscal year, the company earned a net profit of Rs 4.09 billion. The company’s total premium has increased by 18.34 percent compared to the previous year.
In the review period, the company earned a net insurance premium of Rs 2.21 billion. Compared to the previous fiscal year, the net premium has increased by 9.74 percent. The company had posted a net insurance premium of Rs 2.04 billion in the previous fiscal year.
The company’s annualized earnings per share (EPS) decreased to Rs 13.51. The EPS was Rs. 21.29 a year ago. The company has a net worth of Rs 213.94 with a P/E ratio of 38.489 times.
