Until the third quarter of fiscal year 2077/77, Neco Insurance Company Limited (NIL) announced a 45 percent increase in net profit. In the first nine months of the current fiscal year, the insurer made a net profit of Rs. 35.09 crores. Neco Insurance made a profit of Rs. 24.10 crores until the third quarter of the previous fiscal year.
Neco insurance received a total premium of Rs. 197.24 crores at the end of Chaitra end 2077 BS, up more than 21% from the previous year. The total premium was Rs. 136.04 crores. The net claim increased to Rs. 44.04 crores during this period.
The following table summarizes Neco Insurance’s unaudited third-quarter report:
Neco Insurance (NIL): 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’)||131.74||131.74||0.00|
|Reserve & Surplus (Rs. ‘crores’)||68.23||43.1||58.31|
|Insurance Fund (Rs. ‘crores’)||100.71||72.79||38.36|
|Total Investments (Rs. ‘crores’)||376.04||320.95||17.16|
|Total Premium (Rs. ‘crores’)||197.24||162.23||21.58|
|Net Premium (Rs. ‘crores’)||136.04||92.88||46.47|
|Net Claim (Rs. ‘crores’)||44.04||38.21||15.26|
|Total Outstanding Claim (Rs. ‘crores’)||109.77||58.94||86.24|
|Net Profit (Rs. ‘crores’)||35.09||24.1||45.60|
|Management Expenses (Rs. ‘crores’)||26.51||24.21||9.50|
|Number Of Policies||224,394||201,534||11.34|
|Earnings Per Share (Rs.)||35.52|
|Networth Per Share (Rs.)||235.59|
|Market Price Per Share (Rs.) [Chaitra end, 2077 BS]||1665|
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.