Net profit of Premier Insurance increased by 81.81%

Kathmandu February 16- Private sector general insurance company Premier Insurance's net profit has increased by 81.81% to Rs. 40.2 million in the second quarter of current FY which was Rs. 22.5 million in the corresponding period of previous FY.

Premier insurance's  income has increased in compare with last year's corresponding period by 76.31% to Rs. 67.8 million and its expenses has also increased by 80% to Rs. 27.5 million. During the period company has increased insurance premium to Rs. 172.4 million. Company has paid Rs. 53.3 million claim amount. Company has issued 40 thousand 790 insurance policies and has compensated to 1507 claims.

Company has EPS of Rs. 13.99, P/E ratio of 68.60 times and net worth per share of Rs. 209.68.