Kathmandu. Siddhartha Premier Insurance in the financial year 2082. The company has made public the unrevised financial statements for the second quarter (July-December) of 83 B.S.
According to the report, the company has incurred a profit of Rs 17.85 crore in the first six months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 22.50 crore in the same period.
As of mid-January of the current fiscal year, the company has special reserve of Rs 2.50 billion, catastrophe fund of Rs 22.78 crore, retained earnings of Rs 11.85 crore and other equity of Rs 1.11 billion. As of mid-July of the previous year, the company had secured Rs 2.5 billion, Rs 22.78 crore in catastrophe fund, Rs 998.7 million in retained earnings and Rs 1.16 billion in other equities.
The company’s insurance fund stood at Rs 11.52 billion in the review period. The insurance fund stood at Rs 5.63 billion as of mid-July of the previous year. The size of the company’s insurance fund increased by 104.39 percent in the review period compared to the previous year.
The company earned Rs 1.56 billion in total insurance premiums in the second quarter. The company had earned Rs 1.54 billion in insurance premiums in the previous fiscal year. The company’s total premium has increased by 1.76 percent compared to the previous year.
The company earned a net insurance premium of Rs 74.66 crore in the review period. The company had posted a net profit of Rs 80.39 crore in the same quarter last year. Compared to the previous year, the net insurance premium has decreased by 7.12 percent.
In the review period, the company’s capital stood at Rs 2.80 billion and its annual earnings per share (EPS) stood at Rs 12.72. The EPS of the previous year was Rs. 16.03. The net worth per share of the company stands at Rs 241.34.
