In current scenario, insurance companies are the most charmed scrip of both traders and investors. Earthquake of 2072 is the main reasons behind the drastic progress in insurance sectors as most of the people are acknowledge with its importance. If we look at the fourth quarter report as published by the insurance sectors, most of them have reported outstanding growth in terms of net premium collection, number of policies and timely settlement of claims as well which leads for the rise in reserve, insurance fund, earning per share (EPS), net worth per share and other fundamentals as well.
The scrip price traded in Nepal Stock Exchange (NEPSE) is quite impressive due to high volatility as traders are the one who speculates with this sectors to book capital gains rather than banking sector. Though there is high risk, there is also equal chances to make good profit. But one must deeply analyze and notified with all the fundamental of the companies in which they are pouring their investment. To simplify the major fundamentals, following data has been analyzed below:
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| (Note: Paid up, reserve, net premium & Insurance fund in Rs ‘000) |
Among the 8 life insurance companies taken under the study, Rastriya Beema Sansthan (RBS) and Prime Life Insurance Company Limited (PLIC) topped the table with an Earning per Share (EPS) of Rs 73.29 and Rs 32.53 respectively. RBS’s net worth per share is also outstanding at Rs 3559.32. Nepal Life Insurance Company Limited (NLIC) has highest number of insurance policies of 10.41 lakh followed by National Life Insurance Company Limited (NLICL) with 8.75 lakh units policies.
Moreover, all the above life insurance must hike their capital to Rs 2 arba by the end of Ashad 2075 as per the directives of Insurance Board.
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(Note: Paid up, reserve, net premium & Insurance fund in Rs ‘000)
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With an EPS of Rs 190.46 and net worth of Rs 2522.23, Rastriya Beema Company Limited (RBCL) stood at the top of table in non-life insurance sector. Shikhar Insurance Company Limited (SICL) succeed to accumulate net premium collection of Rs 1.57 arba from 2.64 lakh units of insurance policies. United Insurance Company has not published its Q4 report yet, the data are as of Q3 of the FY 2073/74.
Moreover, all the above non-life insurance must hike their capital to Rs 1 arba by the end of Ashad 2075 as per the directives issued by Insurance Board.
(Note: Above data are trace out from Q4 report of the FY 2073/74 as published by the respective insurance companies and one must be acknowledge with the bonus shares and right shares which are yet to be listed to find out real position.)
Source: Sijan Bajracharya, ShareSansar; Friday August 25, 2017
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