Kathmandu. Sagarmatha Lumbini Insurance has released its revised financial statements for the third quarter of the current fiscal year. According to financial statements, most of the company’s indices have fallen.
As of the third quarter of the current fiscal year, the company has rs 2.55 billion in special reserves, Rs 214.1 million in disaster fund, Rs 626.1 million in retained earnings and Rs 512.2 million in other equities.
The company has posted a net profit of Rs 251.9 million in the third quarter. In the same period of the previous fiscal year, the company had earned a profit of Rs 475.4 million. Compared to the previous fiscal year, the company’s profit decreased by 47 percent in the review period.
Till the third quarter, the company has earned a total insurance premium of Rs 2.94 billion. In the same period of the previous fiscal year, the company had earned a total insurance premium of Rs 3.12 billion. Compared to the same period of the previous fiscal year, the company’s total insurance revenue has decreased.
The company has earned a net insurance premium of Rs 1.29 billion during the review period. In the same period of the previous fiscal year, the company had earned Rs 1.37 billion in net insurance premium. Net insurance premium has decreased compared to the previous year. The percentage has increased.
During the review period, the company spent Rs 1.65 billion through reinsurance. In the same period last year, the company had spent Rs 1.75 billion through reinsurance.
At the end of the review period, the company’s solvency margin ratio was 2.75 percent. The company’s annualized earnings per share (EPS) is Rs 12.81. The PE ratio is 55.98 times. The net worth of the company is Rs 248.82 per share.
