Kathmandu. Sanima GIC Insurance Company has released the financial statements for the fourth quarter of the last fiscal year 2081/82 BS. According to the company’s financial statements, most of the indices have increased.
The company’s retained earnings stood at Rs 183.2 million at the end of the review period. Other equities are worth Rs 131 million. As of the review year, the company’s disaster fund stood at Rs 46.4 million. The special reserve has Rs 759.8 million.
In the same period of the previous year, the company’s retained earnings stood at Rs 181.6 million. Other equities stood at Rs 165.1 million. There was Rs 37.6 million in the disaster fund. The special reserve had rs 584.6 million.
In the review year, the company earned a total insurance premium of Rs 2.54 billion. In the same period of the previous fiscal year, the company had earned a total insurance premium of Rs 2.51 billion. The company’s total insurance premium has increased compared to the same period of the previous fiscal year.
In this review year, the company has spent Rs 1.75 billion through reinsurance. In the same period of the previous fiscal year, the company had spent Rs 1.78 billion.
The company earned Rs 787.4 million in net insurance premium in the review year. In the same period of the previous fiscal year, the company had earned Rs 722.5 million in net insurance premium. The company’s net insurance revenue has increased by 8.98 percent compared to the previous year.
According to the financial statement, the company has earned a profit of Rs 350 million in the review year. In the same period of the previous fiscal year, the company had earned a profit of Rs 318.1 million. The company’s profit increased by 10.12 percent in the review period compared to the previous fiscal year.
In the review year, the company’s earnings per share was Rs 16.30. The price-to-earnings ratio is 37.43 times. The net worth per share is Rs 152.12.
