Kathmandu. IGI Prudential Insurance for the financial year 2082. The company has released its unaudited financial statements for the third quarter (July-March) of 2018.
According to the financial report, the company has earned a profit of Rs 4,38,000 in the first nine months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 26.51 crore in the same period.
The company has a paid-up capital of Rs 3.02 billion and a total of Rs 1.85 billion in special reserve, Rs 9.61 crore in retained earnings and Rs 55.17 crore in other equity. As of mid-July of the previous year, the company had a special reserve of Rs 1.84 billion, a catastrophe fund of Rs 95.8 million, a retained earnings of Rs 15.44 crore and other equity of Rs 57.76 crore.
As of mid-April of the current FY, the company’s insurance fund stood at Rs 7.48 billion. The company had posted a net profit of Rs 4.25 billion in the same period last year. The size of the insurance fund has increased by Rs 75.70.
In the review period, the company earned Rs 2.65 billion in total insurance premiums. The company had collected Rs 2.53 billion in insurance premiums in the same period last year. The company’s total premium has increased by 4.69 percent compared to the previous year.
The company has earned a net premium of Rs 1.04 billion in the review period. The company had posted a net premium of Rs 92.91 crore in the same period last year. Compared to the previous year, the company’s net premium has increased by 12.14 percent.
The company’s annualized earnings per share (EPS) has decreased to Rs 0.02 till mid-April of the current FY. The EPS was Rs 11.67 in the previous year. The net worth per share of the company stands at Rs 182.72.
