Kathmandu. Himalayan Everest Insurance Company (HIC) last fiscal year 2082. The company has published its unrevised financial statements for the first quarter (July-September) of 2018.
According to the financial report, the company incurred a loss of Rs 10.93 crore in the review period. Previous fiscal year 2081. The company had posted a net loss of Rs 6.61 crore in the same period.
As of mid-September of the current fiscal year, the company has Rs 1.93 billion in special reserve, Rs 83.2 million in catastrophe fund, Rs 22.42 crore in retained earnings and Rs 40.81 crore in other equity. In the same period of the previous year, the company had posted special reserves of Rs 1.93 billion, catastrophe fund of Rs 83.2 million, retained earnings of Rs 33.35 crore and other equity of Rs 40.82 crore.
The company has earned Rs 98.33 crore in total insurance premiums till mid-September of the current fiscal year. The company posted a net profit of Rs 75.49 crore in the same quarter last year. The company’s total premium has increased by 30.25 percent compared to the corresponding period of the previous FY.
The company earned a net premium of Rs 62.41 crore in the review period. The company had posted a net insurance premium of Rs 56.47 crore in the same quarter last year. The company’s net premium has increased by 10.52 percent compared to the previous year.
The company has a paid-up capital of Rs 2.50 billion and has negative earnings per share of Rs 17.49. The company had posted EPS of Rs 10.59 per share in the previous year. The net worth per share of the company stands at Rs 205.96.
