Kathmandu. Himalayan Reinsurance has made public the unaudited financial statements for the second quarter (Shrawan-Pus) of the current fiscal year 2081.82.
According to the financial statements, the company has earned a profit of Rs 616.9 million till the second quarter. The company had earned a profit of Rs 602.7 million during the same period last year. The company’s profit has increased by 2.36 percent during the review period compared to the previous year.
Until the review period, the company has accumulated Rs 3.18 billion under the title of share premium. The company’s share capital is Rs 10.4 billion.
The company has Rs 1.52 billion 52 million in special reserves, Rs 153.8 million in disaster fund, Rs 1.32 billion 56 million in retained earnings and Rs 137.4 million in other equity. As of mid-Ashar last year, the company’s special reserves were Rs 1.58 billion 89 million, Rs 107.2 million in disaster fund, Rs 468 million in retained earnings and Rs 128 million in other equity.
The company has earned a total insurance premium of Rs 2.50 billion 67 million in the second quarter of the current fiscal year. The company had earned a total insurance premium of Rs 2.24 billion 21 million in the same period last year. The company’s total insurance premium income has increased by 11.80 percent compared to the same period of the previous fiscal year.
The company has earned a net insurance premium of Rs 2.29 billion 3.4 million during the review period. The company had earned a net insurance premium of Rs 1.99 billion 60 million during the same period last year. The net insurance premium income has increased by 14.90 percent compared to the previous year.
The company’s annual earnings per share (EPS) has decreased to Rs 11.86. The previous year’s EPS was Rs 12.05. The company’s PE ratio is 67.28 times with a net worth of Rs 161.57 per share.
