Kathmandu. Prabhu Insurance Company for the financial year 2082. The company has published its unaudited financial statements for the fourth quarter of FY83. According to the financial statement, the company’s total premium income has decreased.
The company has a paid-up capital of Rs 1.84 billion and has a reserve of Rs 1.34 billion in special reserves, Rs 113.5 million in catastrophe fund, Rs 10.41 crore in retained earnings and Rs 15.41 crore in other equities.
In the previous year, the company had issued Rs 1.22 billion in special reserves, Rs 10.12 crore in catastrophe fund, Rs 42.93 crore in retained earnings and Rs 19.48 crore in other equity.
During the review period, the company earned a net profit of Rs 1.74 billion. In the same quarter last year, the company earned a net profit of Rs 2.03 billion. The company’s total premium has decreased in the review period compared to the previous year.
In the review year, the company earned a net insurance premium of Rs 69.45 crore. In the review year, the net premium has increased by 6.41 percent compared to the previous year. The company had earned a net premium of Rs 65.26 crore in the same period of the previous year
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In the review period, the company spent Rs 1.05 billion on reinsurance. The company had spent Rs 1.38 billion in the same period last year. Compared to the previous year, the company spent less money on reinsurance during the review period.
During the quarter under review, the company earned a net profit of Rs 24.64 crores. The company had posted a net profit of Rs 20.58 crore in the same quarter last year. The company’s profit increased by 19.71 percent in the review period compared to the previous year.
The company has EPS of Rs 13.33 per share. The net worth per share of the company is Rs 193.
