NLG Insurance Company Limited (NLG) has announced a 35 percent increase in net profit over the same period the previous fiscal year. Until the third quarter of this fiscal year, the insurance firm had a net profit of Rs 21.28 crores, up from Rs 15.73 crores in the same period last year.
NLG has a paid-up capital of Rs 109.63 crores, with Rs 42.28 crores in assets and surplus as of Chaitra end 2077 BS. Similarly, the insurance fund had a value of Rs 100.27 crores. The business has a Rs 259.66 crore investment portfolio (short and long term investments).
NLG Insurance received Rs 169.14 crores in gross premium and Rs 85.36 crores in net premium in the first nine months of fiscal year 2077/78. The net claim during this period was Rs 38.13 crores.
NLG has an annualized EPS of Rs 25.88 and a per-share networth of Rs 233.78, according to the per-share ratios.
The following table summarizes NLG Insurance’s unaudited third-quarter report:
NLG Insurance Company: Third Quarterly Report Summary, FY 2077/78
|Financial Indicators||Q3, F.Y. 2077/78||Q3, F.Y. 2076/77||Percent Change|
|Paid-up Capital (Rs. ‘crores’)||109.63||64.04||71.19|
|Reserve & Surplus (Rs. ‘crores’)||42.28||27.7||52.64|
|Insurance Fund (Rs. ‘crores’)||100.27||87.09||15.13|
|Total Investments (Rs. ‘crores’)||259.66||225.32||15.24|
|Total Premium (Rs. ‘crores’)||169.14||131.31||28.81|
|Net Premium (Rs. ‘crores’)||85.36||62.65||36.25|
|Net Claim (Rs. ‘crores’)||38.13||42.81||-10.93|
|Total Outstanding Claim (Rs. ‘crores’)||98.90||89.72||10.23|
|Net Profit (Rs. ‘crores’)||21.28||15.73||35.28|
|Management Expenses (Rs. ‘crores’)||18.62||16.67||11.70|
|Number Of Policies||168,228||130,446||28.96|
|Earnings Per Share (Rs.)||25.88|
|Networth Per Share (Rs.)||233.78|
|Market Price Per Share (Rs.) [Chaitra end, 2077 BS]||1163|
Please keep in mind that
The above figures are taken from the respective company’s unaudited quarterly report. When making investment decisions, investors should consider a variety of factors in addition to this article. After the final audit, the figures can change.
The share price and P/E ratio are calculated using data from the end of Chaitra in 2077. The figures can change at any time.