Kathmandu. IGI Prudential Insurance for the financial year 2082. The company has made public the unrevised financial statements for the second quarter (July-December) of 83 B.S.
According to the financial report, the company has incurred a loss of Rs 18.11 crore in the first six months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 14.30 crore in the same period.
As of the review period, the company has a paid-up capital of Rs 3.02 billion and a net worth of Rs 1.85 billion in special reserve, Rs 9.61 crore in catastrophe fund and Rs 53.74 crore in other equity and negative retained earnings of Rs 17.53 crore. As of mid-July of the previous year, the company had a special reserve of Rs 1.84 billion, a catastrophe fund of Rs 95.8 million, a retained earnings of Rs 15.44 crore and other equity of Rs 57.76 crore.
In the review period, the company earned a total income of Rs 1.46 billion. The company had posted a net profit of Rs 1.44 billion in the same quarter last year. The company’s total premium has increased by 0.33 percent compared to the previous year.
The company has earned Rs 57.66 crore in net insurance premium during the period. The company had posted a net premium of Rs 50.08 crore in the same period last year. Compared to the previous year, the company’s net premium has increased by 15.12 percent.
As of mid-January of the current FY, the company’s annual earnings per share (EPS) stood at Rs 11.96. The EPS was Rs 9.45 a year ago. The net worth per share of the company stands at Rs 176.25.
