Kathmandu. Siddhartha Premier Insurance in the financial year 2082. The company has made public the unaudited financial statements of 83 years.
According to the financial report, the company has earned a profit of Rs 32.68 crore in the previous FY. Previous fiscal year 2081. The company had posted a net profit of Rs 75.57 crore in the previous year. Compared to the previous year, the profit decreased by 56.75 percent.
In the last financial year, the company had a reserve of Rs 2.50 billion, a catastrophe fund of Rs 25.69 crore, retained earnings of Rs 54.82 crore and other equity of Rs 1.19 billion. In the previous year, the company had a reserve of Rs 2.50 billion, a catastrophe fund of Rs 22.78 crore, retained earnings of Rs 998.7 million and other equities of Rs 1.16 billion.
In the review year, the company’s insurance fund stood at Rs 9.66 billion. In the previous fiscal year, the insurance fund was Rs 5.63 billion. The size of the insurance fund has increased by 71.40 percent in the review year compared to the previous year.
In the last fiscal year, the company earned Rs 4.45 billion in insurance premiums. Last year, the company earned a net profit of Rs 4.28 billion. The company’s total premium has increased by 3.97 percent compared to the previous year.
In the review year, the company earned Rs 2.18 billion in net insurance premium. Last year, the company earned Rs 2.12 billion in net premium. The net premium has decreased by 2.92 percent compared to the previous year.
The company’s annual earnings per share (EPS) has decreased to Rs 11.65 from Rs 2.80 billion. The EPS was Rs. 26.93 in the previous year. The company has a P/E ratio of 63.63 times and net worth per share of Rs 260.26.
