Prabhu Insurance Reports Profit Growth Despite Decline in Premium Income

Kathmandu – Prabhu Insurance Company has recorded a profit of Rs 120 million in the first six months of the current fiscal year, reflecting an increase compared to the same period last year. According to the company’s unaudited financial report for the second quarter, profitability has improved despite a slight decline in net insurance premiums.

The company’s earnings have risen from Rs 108.6 million in the previous fiscal year to Rs 120 million in the current period. However, total insurance premium income has declined, with the company generating Rs 827.4 million, compared to Rs 894.9 million in the same period last year. A portion of the total insurance premium has been allocated to reinsurance, leaving Rs 282.5 million as net insurance premium.

Prabhu Insurance’s financial indicators show stable performance, with earnings per share at Rs 16.66, a price-to-earnings (PE) ratio of 64 times, and a net worth per share of Rs 226. The company’s solvency ratio stands at 1.94, demonstrating its financial strength.