In the first nine months of the current fiscal year 2077/78, Siddhartha Insurance Company Limited (SIL) created a total premium of Rs 183.82 crores. This is up 22.70 percent from the previous fiscal year’s comparable time. Similarly, the net premium has increased by 21% to Rs 74.17 crores.
The net profit has increased by 6% to Rs 17 crores as a result of the increase in premium collection. The company has paid a net claim of Rs 43.99 crores in the last nine months. At the end of the third quarter, the total outstanding claim was Rs 117.70 crores.
Siddhartha Insurance has a paid-up capital of Rs 100 crores, with Rs 39.32 crores in balance and surplus as of Chaitra end 2077 BS. The company’s insurance fund is worth Rs 92.29 crores.
The summary version of the quarterly report is shown in the table below.
Third Quarterly Report Summary, FY 2077/78, Siddhartha Insurance Limited (SIL)
|Financial Indicators||Q3, F.Y. 2077/78||Q3, F.Y. 2076/77||Percent Change|
|Paid-up Capital (Rs. ‘crores’)||100||100||0.00|
|Reserve & Surplus (Rs. ‘crores’)||39.32||23.84||64.93|
|Insurance Fund (Rs. ‘crores’)||92.29||75.76||21.82|
|Total Investments (Rs. ‘crores’)||303.3||274.52||10.48|
|Total Premium (Rs. ‘crores’)||183.82||149.81||22.70|
|Net Premium (Rs. ‘crores’)||74.17||61.16||21.27|
|Net Claim (Rs. ‘crores’)||43.99||37.22||18.19|
|Total Outstanding Claim (Rs. ‘crores’)||117.70||81.43||44.54|
|Net Profit (Rs. ‘crores’)||17||16.03||6.05|
|Management Expenses (Rs. ‘crores’)||25.71||25.26||1.78|
|Number Of Policies||150,356||103,933||44.67|
|Earnings Per Share (Rs.)||22.68|
|Networth Per Share (Rs.)||238.41|
|Market Price Per Share (Rs.) [Chaitra end, 2077 BS]||1260|
Please keep in mind that
The above estimates are based on the respective company’s unaudited second-quarter study. 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.