Himalayan Reinsurance Reports Profit Growth in Second Quarter Financial Report

Kathmandu – Himalayan Reinsurance Company which had recently published its financial statement for the second quarter of the current fiscal year, revealed an increase in profit along with positive growth across key financial indicators.

The company reported a net profit of Rs 616.9 million by the end of the second quarter, marking a 2.36 percent increase compared to the Rs 602.7 million profit recorded during the same period last fiscal year.

Himalayan Reinsurance’s total insurance premium earnings surged from Rs 2.24 billion to Rs 2.50 billion. Additionally, net insurance premium earnings saw a significant rise, reaching Rs 2.29 billion. The company’s paid-up capital currently stands at Rs 10.4 billion, while its retained earnings amount to Rs 455.5 million.

As of the end of the second quarter, Himalayan Reinsurance reported earnings per share (EPS) of Rs 11.74, with a net worth per share of Rs 161.57. The company’s price-to-earnings (P/E) ratio stands at 67.28.