Kathmandu. Shikhar Insurance has released its revised financial statements for the third quarter of the current fiscal year. According to the financial statement, most of the company’s indices have increased slightly.
As of the third quarter of the current fiscal year, the company has a share capital of Rs 2.92 billion, rs 1.86 billion in special reserves, Rs 155.9 million in disaster fund, Rs 162.3 million in retained earnings and Rs 616.1 million in other equities.
The company has posted a net profit of Rs 357 million in the third quarter. The company had posted a net profit of Rs 350 million in the same period of the previous fiscal year. Compared to the previous fiscal year, the company’s profit increased slightly in the review period.
Till the third quarter, the company has earned a total insurance premium of Rs 3.73 billion. In the same period of the previous fiscal year, the company had earned a total insurance premium of Rs 3.52 billion. Compared to the same period of the previous fiscal year, the company’s total insurance revenue has increased slightly.
The company has earned a net insurance premium of Rs 1.20 billion during the review period. In the same period of the previous fiscal year, the company had earned a net insurance premium of Rs 1.03 billion. Net insurance premium has increased by 16.56 percent compared to the previous year.
During the review period, the company spent Rs 2.52 billion through reinsurance. In the same period last year, the company had spent Rs 2.49 billion through reinsurance.
At the end of the review period, the company’s solvency margin ratio was 3.67 percent. The company’s annualized earnings per share (EPS) is Rs 16.29. The PE ratio is 46.81 times. The net worth of the company is Rs 195.81 per share.
