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Financial Review

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  3. Financial Review

The key indicators of the company for last 4 years are presented below:

Particulars

 Indicator

 FY 2015/16

 FY 2014/15

 FY 2013/14

 FY 2012/13

Net worth

Rs

615,086,520

496,923,110

344,848,620

239,962,993

Per Share book value

Rs

189.82

176

255.02

177.46

Net Profit

Rs

121,574,394

92,183,701

36,698,305

36,978,857

Net Profit ratio

 Percentage

13.39

17

8.11

8.95

Earning per share

Rs

37.52

33

27.14

24.99

Dividend per share

Rs

21.05

16

24.74

-  

Management expense ratio

 Percentage

13

15

14

15

 

Net profit ratio has been significantly increased last year. This year also we expect same profitability ratio.

INVESTMENT AND LIQUIDITY REVIEW

There is a separate directive from the regulator, BeemaSamitee, which defines the overall framework of investment by the insurance companies.In compliance with the directive, the company has formulated its own investment policy and procedure. The investment policy is being strictly followed to safeguard the amount of investment, at the same time seeking a sound return from the investment.

The investment and return on investment for last 3 year is presented below:

Particulars

 F.Y. 2015/16 Audited

 F.Y. 2014/15 Audited

 F.Y. 2013/14  Audited

Investment

       825,730,042

       626,945,669

531,371,792

Interest and other income

          45,921,028

       110,058,491

36,025,887

Return on investment

                  6

         18

7

RESERVE REVIEW

The company maintains reserves and provisions according to the guidelines of BeemaSamitee. In particular, the company maintains

  • 115% of intimated but not settled claims as a provision for outstanding claims
  • 50% of net premium as provision for unexpired risk reserve
  • 50% of net profit as reserve for insurance fund.

The summary of reserves and provisions for the last two are as under:

Head

 F.Y. 2015/16  Audited

 F.Y. 2014/15 Audited

 F.Y. 2013/14  Audited

F.Y. 2012/13 Audited

Provision for OS Claims

152,109,267

151,735,592

105,080,972

82,402,960

Provision for Unexpired Risk

214,288,152

116,425,251

102,031,863

92,088,080

Insurance Fund

180,095,367

119,308,170

73,216,320

54,757,199

General Reserves

96,779,777

87,748,834

62,835,468

49,984,169

Catastrophe reserve

 14,167,744

 8,089,024

3,715,406

-  

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