Net profit of Himalayan Everest Insurance incrases by over 50 percent

KATHMANDU, AUGUST 14: Himalayan Everest Insurance Limited's net profit increased by 50.08 percent to Rs 667.9 million last year. The very kind of profit company had been Rs 445 million in the previous fiscal year.

Other indicators of the company have also shown positive results in 2023/24. Net earned premiums increased by 36.94 percent, total income by 44.14 percent, net claim payments by 56.60 percent, and total expenses by 37.44 percent.

Similarly, the insurance company's earnings per share (EPS) have also increased by Rs 7.38, reaching Rs 26.72 per share.

The company's net worth per share stands at Rs 191.83, with a price-earnings ratio of 23.65 times.

Himalayan Everest Insurance's paid-up capital is Rs 2.5 billion.  Of this, Rs 1.74 billion is in special reserves, NPR 737 million in a catastrophe fund, NPR 380 million in retained earnings, and NPR 97.7 million in other equity.

 

in special reserves, NPR 737 million in a catastrophe fund, NPR 380 million in retained earnings, and NPR 97.7 million in other equity.