General Insurance Company Nepal Ltd · Quarterly report
GIC Q1 Financial Report — FY 2079/80
General Insurance Company Nepal Ltd (GIC) posted a year-to-date net profit of Rs 1.89 Cr at the end of Q1 FY 2079/80, down 50.8% from Rs 3.84 Cr a year earlier.
Q1 FY 2079/80 vs Q1 FY 2078/79
| Metric | Q1 2079/80 | Q1 2078/79 | Change |
|---|---|---|---|
| Paid Up Capital | 1.00 Arb | 1.00 Arb | +0.0% |
| Reserves and Surplus | 13.06 Cr | 10.48 Cr | +24.7% |
| Insurance Fund | 14.83 Cr | 12.08 Cr | +22.8% |
| Catastrophic Reserve | 1.16 Cr | 93.12 L | +24.3% |
| Total Equity | 1.29 Arb | 1.23 Arb | +4.5% |
| Total Sources | 1.29 Arb | 1.23 Arb | +4.5% |
| Long Term Investment and Loans | 5.24 Cr | 5.24 Cr | +0.0% |
| Short Term Investment and Loans | 1.33 Arb | 1.23 Arb | +7.5% |
| Total Investment and Loans | 1.38 Arb | 1.29 Arb | +7.2% |
| Total Revenue | 3.53 Cr | 6.58 Cr | -46.3% |
| Income From Investment Loans And Others | 3.47 Cr | 4.77 Cr | -27.2% |
| Total Expenses And Provisions | 1.65 Cr | 2.74 Cr | -40.0% |
| Management Expenses | 53.65 L | 49.02 L | +9.4% |
| Net Profit | 1.89 Cr | 3.84 Cr | -50.8% |
| Net Premium | 7.14 Cr | 7.29 Cr | -2.1% |
| Net Claim Payment | 3.37 Cr | 2.69 Cr | +25.2% |
| Gross Premium Earned | 25.20 Cr | 25.71 Cr | -2.0% |
| Total No of Issued Policies | 1.87 Cr | 1.78 Cr | +4.7% |
| Gross Claim Payments | 9.76 Cr | 5.32 Cr | +83.6% |
| Claims Payables | 74.55 Cr | 44.84 Cr | +66.3% |
| Number of Shares | 1.00 Cr | 1.00 Cr | +0.0% |
| EPS(Rs.) | 7.55 | 15.34 | -50.8% |
| Book Value(Rs.) | 129.05 | 123.49 | +4.5% |
| ROE | 5.85% | 12.42% | -6.57 pp |
Amounts in Rs and year-to-date; ratios change in percentage points (pp). For NPL and cost of funds, lower is better.
GIC last 5 quarters
| Metric | Q1 2078/79 | Q2 2078/79 | Q3 2078/79 | Q4 2078/79 | Q1 2079/80 |
|---|---|---|---|---|---|
| Net profit | 3.84 Cr | 5.69 Cr | 8.25 Cr | 11.21 Cr | 1.89 Cr |
| Return on equity | 12.42% | 8.81% | 8.00% | 7.54% | 5.85% |