See the performance of EIC, LGIL, PICl, UIC and HGI based on the third quarter

Everest Insurance Company (EIC) has stated rise in net profit by 43.73% in the third quarter of the FY 2074/75.

As per the unaudited report for the third quarter, the insurance company reported net profit of Rs 3.03 crore in Q3 of fiscal year 2074/75, up from Rs 2.11 crore of the corresponding fiscal year. Its paid up capital stands at Rs 13.36 crore.

The company’s earnings from premium decreased to Rs 7.84 crore in Q3 from Rs 8.28 crore in the corresponding quarter.

The reserve fund of the company has also declined to Rs 10.49 crore from the corresponding year’s Rs 11.06 crore. The company’s insurance fund has also increased to Rs 19.10 crore from Rs 15.23 crore in the corresponding quarter of the previous year.

Its annualized EPS stands at Rs 30.27 while its PE ratio is at 45.58 times. The net worth of the company amounts to Rs 377.53

Lumbini General Insurance Company (LGIL) has stated rise in net profit by 7.56% in the third quarter of the FY 2074/75.

As per the unaudited report for the third quarter, the insurance company reported net profit of Rs 14.47 crore in Q3 of fiscal year 2074/75, up from Rs 11.61 crore of the corresponding fiscal year.

The company’s earnings from premium declined to Rs 54.97 crore in Q3 from Rs 55.07 crore in the corresponding quarter. Its paid up capital stands at Rs 88 crore.

The reserve fund of the company has also declined to Rs 10.73 crore from the corresponding year’s Rs 15.07 crore. The company’s insurance fund has also increased to Rs 39.84 crore from Rs 29.57 crore in the corresponding quarter of the previous year.

Its EPS stands at Rs 21.93 while its PE ratio is at 24.62. The net worth per share of the company amounts to Rs 161.45

Prudential Insurance Company Limited (PICL) has stated rise in net profit by 19.94% in the third quarter of the FY 2074/75.

As per the unaudited report for the third quarter, the insurance company reported net profit of Rs 12.16 crore in Q3 of fiscal year 2074/75, up from Rs 10.15 crore of the corresponding fiscal year. Its paid up capital stands at Rs 64.15 crore.

The company’s earnings from premium increased to Rs 36.22 crore in Q3 from Rs 25.64 crore in the corresponding quarter.

The reserve fund of the company has also declined to Rs 10.74 crore from the corresponding year’s Rs 25.47 crore. The company’s insurance fund has also increased to Rs 41.81 crore from Rs 31.44 crore in the corresponding quarter of the previous year.

Its EPS stands at Rs 25.28 while its PE ratio is at 26.89 times. The net worth per share of the company amounts to Rs 181.93.

United Insurance Company (UIC) has stated massive rise in net profit by 103.74% in the third quarter of the FY 2074/75.

As per the unaudited report for the third quarter, the insurance company reported net profit of Rs 9.19 crore in Q3 of fiscal year 2074/75, up from Rs 4.51 crore of the corresponding fiscal year. Its paid up capital stands at Rs 30.24 crore.

The company’s earnings from premium declined to Rs 24.80 crore in Q3 from Rs 28.49 crore in the corresponding quarter.

The reserve fund of the company is negative at Rs 30.86 lakh from the corresponding year’s Rs 24.74 crore. The company’s insurance fund has also increased to Rs 24.14 crore from Rs 18.18 crore in the corresponding quarter of the previous year.

Its EPS stands at Rs 40.56.. The net worth per share of the company amounts to Rs 168.59.

Himalayan General Insurance Company Limited (HGI) has stated increase in its net profit by 24.07% in the third quarter of the ongoing fiscal year 2074/75.

Publishing the financial report today, it has posted net profit of Rs 9.99 crore in Q3 of the FY 2074/75, up from Rs 8.05 crore in the corresponding quarter of the FY 2073/74.

While its income from net premium has also increased from Rs 21.86 crore to Rs 23.61 crore at the end of Q3 this year, its income from reinsurance commission has decreased to Rs 6.43 crore.

Its current paid up capital stands at Rs 1.02 arba with Rs 14.12 crore in reserve and insurance fund amounts to Rs 38.09 crore.

Its annualized earning per share stands at Rs 9.73 (annualized EPS = Rs 12.97), net worth per share at Rs 150.84 and P/E ratio at 46.76 times.