Kathmandu. Sanima GIC Insurance Company for the financial year 2082. The company has published its unaudited financial statements for the fourth quarter of FY83. According to the financial report, the company’s profit has decreased.
The company with Rs 2.25 billion in share capital stood at Rs 81.45 crore in special reserves, Rs 5.24 crore in catastrophe fund, Rs 9.87 crore in retained earnings and Rs 10.27 crore in other equities.
In the previous year, the company had a reserve of Rs 74.95 crore, a catastrophe fund of Rs 4.59 crore, retained earnings of Rs 17.27 crore and other equity of Rs 14.27 crore.
During the review period, the company earned a total insurance premium of Rs 2.72 billion. The company earned a net profit of Rs 2,715 crore in the same quarter last year. The company’s total premium has increased by 7.82 percent in the review period compared to the previous year.
In the review period, the company earned a net insurance premium of Rs 83.30 crores. Similarly, the net insurance premium has increased by 9 percent in the review year compared to the previous fiscal year. The company had earned a net insurance premium of Rs 76.42 crore in the same period of the previous year
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In the review period, the company spent Rs 1.89 billion on reinsurance. The company had spent Rs 1.76 billion in the same period last year.
The company earned a net profit of Rs 13 crore during the quarter under review. The company had posted a net profit of Rs 33.67 crore in the same quarter last year. The company’s profit declined in the review period compared to the previous year.
The company has EPS of Rs 5.76 per share. The net worth per share of the company stands at Rs 147.33.
