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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