Of the total 17 non-life insurance companies, ShareSansar has prepared a report comparing the major indicators of 15 companies which are traded on Nepal Stock Exchange. The report compares changes in the major indicators of Q4 of Fiscal Year 2072/73 and Q4 of FY 2071/72.
The report shows that overall business of non-life insurance companies have increased in Q4 of the FY 2072/73 compared to the corresponding quarter of the FY 2071/72. Most of the companies have deducted their long term investment. The non-life insurance companies profit have increased by 42 percent.
The paid up capital of non-life insurance has increased by 26.46 percent. Shikhar Insurance Company Limited (SICL) has the highest paid up capital. United Insurance Company (UIC) has the highest percentage change in paid up capital. The paid up capital of UIC has increased by 150%. Rastriya Beema Company Limited (RBCL) has the second lowest paid up capital.The insurance company has neither given any stock dividend nor issued Right Share till date. Everest Insurance Company (EIC) has the lowest paid up capital compared to all, the entire non-life insurance companies. The paid up of EIC remained at Rs 10.12 crore in the fourth quarter of the fiscal year 2072/73.
Non- Life Insurance companies total reserve also increased by Rs4.07 arba in Q4 compared to Rs3.45 arba in the corresponding quarter of the FY 2071/72. On average, reserve of all non –life insurance companies have increased by 18.14 percent. RastriyaBeema Company Limited (RBCL) covers 44.61 percent reserve of total non-life insurance companies. SICL has also increased its reserve by 238.83 percent. However reserve of Sagarmatha Insurance Company (SIC) has decreased by 37.63 percent. Likewise reserve of Premier Insurance Company has also declined by 35.11 percent.
The insurance fund of non-life insurance has increased by 37.06 percent. There is no change in the insurance fund of Everest Insurance Company (EIC).Lumbini General Insurance Limited(LGIL)has managed to maintain the highest insurance fund and also it has increased its insurance fund by 78.69 percent. Six companies’ reserve have increased by more than 50 percent in Q4 of FY 2072/73. RBCL has highest insurance fund of Rs 95.83 crore among other companies.
RBCL’s long term investment has decreased by 25 percent in Q4 of the FY 2072/73 compared to the investment in the corresponding quarter of the FY 2071/72. UIC has also massively increased its long term investment. The average long term investment of all non –life insurance companies have increased by 1.11 percent. Overall the long term investment of the companies remains on average. NLG Insurance, Siddhartha Insurance Limited, Nepal Insurance Company Limited, Premier Insurance, Neco Insurance and Rastriya Beema Company’s long term investment have decreased in Q4 of the FY 2072/73.Most of the non-life insurance companies’ long term investment has however decreased.
The total net profit of non-life insurance companies has increased by 42.56 percent.Net profit of EIC and RBCL have plunged by 29.21 percent and 34.17 percent respectively. UIC has managed to gain the highest percentage change in net profit. Provision Fund and overall business of the company has supported in the increment of its net profit. The net profit of UIC has increased by 1437.20 percent in Q4 of FY 2072/73.
Four companies net profit has increased by more than 100 percent. The overall trend of non-life insurance companies shows that they are in profit. Policy holders and collection of premium has strongly supported in the profit increment.
The average earning per Share of non-life insurance is Rs. 46.89. RBCL earning per share is more than doublethe earning per share of SICL. The Earning per share of RBCL is declining; still RBCL’s earning per share is the highest. The overall non-life insurance company earnings per share are almost same in comparison to fiscal year 2071/72. UIC earning per share has been massively increasedfrom RS 5.33 to Rs 32.74. Earning per share of PRIN and LGIL alsoshows outstanding increment of earning per share. NICL Earning per share decreased in Q4 of FY 2072/73 compared to the previous year fiscal year. It’s EPS decreased to Rs 163.69 from Rs 166.
The Net worth per share of RBCL is Rs.2331.77. The average net worth per share of non -life insurance company is Rs 362.13.
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