Neco Insurance Limited · Quarterly report

NIL Q4 Financial Report — FY 2082/83

Neco Insurance Limited (NIL) posted a year-to-date net profit of Rs 28.83 Cr at the end of Q4 FY 2082/83, down 47.7% from Rs 55.08 Cr a year earlier. Annualised EPS is Rs 10.40 against Rs 21.90 in Q4 FY 2081/82.

Q4 FY 2082/83 vs Q4 FY 2081/82

Metric	Q4 2082/83	Q4 2081/82	Change
Paid Up Capital	2.77 Arb	2.52 Arb	+10.2%
Reserves and Surplus	3.32 Arb	3.50 Arb	-5.0%
Insurance Fund	0	0	—
Catastrophic Reserve	18.16 Cr	16.58 Cr	+9.5%
Total Equity	6.27 Arb	6.18 Arb	+1.6%
Total Assets	12.16 Arb	10.95 Arb	+11.1%
Long Term Investment and Loans	1.28 Arb	1.08 Arb	+18.7%
Short Term Investment and Loans	4.54 Arb	5.73 Arb	-20.6%
Total Investment and Loans	5.83 Arb	6.81 Arb	-14.4%
Total Revenue	2.55 Arb	2.48 Arb	+2.9%
Income From Investment Loans And Others	18.48 Cr	27.80 Cr	-33.5%
Total Expenses And Provisions	2.14 Arb	1.66 Arb	+29.1%
Management Expenses	0	0	—
Net Profit	28.83 Cr	55.08 Cr	-47.7%
Net Premium	1.94 Arb	1.72 Arb	+12.9%
Net Claim Payment	1.29 Arb	85.60 Cr	+51.2%
Gross Premium Earned	3.30 Arb	3.29 Arb	+0.4%
Total No of Issued Policies	30.60 Cr	29.19 Cr	+4.8%
Gross Claim Payments	1.89 Arb	1.67 Arb	+13.1%
Claims Payables	0	0	—
Number of Shares	2.77 Cr	2.52 Cr	+10.2%
EPS Reported	10.40	21.90	-52.5%
Book Value Reported	226.33	245.55	-7.8%
ROE Reported	4.60%	8.92%	-4.32 pp

Amounts in Rs and year-to-date; ratios change in percentage points (pp). For NPL and cost of funds, lower is better.

NIL last 8 quarters

Metric	Q1 2081/82	Q2 2081/82	Q3 2081/82	Q4 2081/82	Q1 2082/83	Q2 2082/83	Q3 2082/83	Q4 2082/83
Net profit	7.05 Cr	15.60 Cr	36.93 Cr	55.08 Cr	-83,134,660	1.08 Cr	16.40 Cr	28.83 Cr
EPS	14.01	15.51	24.47	21.90	-12.35	0.80	7.89	10.40
Book value	279.81	281.95	267.40	245.55	227.15	233.35	223.11	226.33