Kathmandu. Siddhartha Premier Insurance last fiscal year 2081. It has made public the unaudited financial statements up to the fourth quarter of 1982.
According to the financial statement, the company has earned a profit of Rs 713.1 million in the review year. The previous fiscal year 2080. The company had posted a net profit of Rs 688.1 million in 2017-19. Compared to the previous fiscal year, the company’s profit increased by 3.63 percent in the review year.
In the last fiscal year, the company had rs 2.5 billion in special reserves, Rs 224.3 million in disaster fund, Rs 955 million in retained earnings and Rs 1.21 billion in other equities. In the previous fiscal year, rs 2.5 0 billion in special reserves, Rs 188.2 million in disaster fund, Rs 1.10 billion in retained earnings and Rs 1.16 billion in other equities. Compared to the previous year, the size of the Disaster Fund, Retained Earnings and other equities has increased in the review year.
In the review year, the company’s insurance fund stood at Rs 5.75 billion. In the previous fiscal year, the insurance fund stood at Rs 4.95 billion. The size of the company’s insurance fund increased by 16.02 percent in the review period compared to the previous year.
In the last fiscal year, the company earned a total insurance premium of Rs 4.16 billion. In the previous fiscal year, the company had earned Rs 4.19 billion in insurance premiums. Compared to the same period of the previous fiscal year, the company’s total insurance revenue decreased by 0.54 percent.
The company earned Rs 2.05 billion in net insurance premium in the review year. In the same period of the previous fiscal year, the company had earned Rs 1.84 billion in net insurance premium. Net insurance premium has increased by 11.58 percent compared to the previous year.
The company’s annualised earnings per share (EPS) increased to Rs 25.41 from Rs 2.80 billion in share capital. In the previous year, the EPS was Rs 24.52. The company has a net worth of Rs 274.56 per share with a PE ratio of 33.07 times.
