Kathmandu. Sanima Reliance Life Insurance Company has released the revised financial statements for the third quarter of the current fiscal year (July-April).
According to the financial statement, the company has earned a profit of Rs 337.6 million till the third quarter. In the same period of the previous fiscal year, the company had earned a profit of Rs 304.8 million. The company’s profit has increased by 10.77 percent in the review period compared to the previous fiscal year.
As of Mid-April of the current fiscal year, the company has rs 153.6 million in disaster fund, Rs 309.9 million in retained earnings and Rs 68.1 million in other equities. As of Mid-July last year, the disaster fund stood at Rs 120.1 million, retained earnings at Rs 1.24 billion and other equities at Rs 72.6 million.
As of the review period, the company’s life insurance fund stood at Rs 17.81 billion. The life insurance fund stood at Rs 12.26 billion in the same period last year. The size of the company’s life insurance fund increased by 44.24 percent in the review period compared to the previous year.
Till the third quarter, the company has earned a total insurance premium of Rs 4.79 billion. In the same period of the previous fiscal year, the company had earned a total insurance premium of Rs 4.27 billion. Compared to the same period of the previous fiscal year, the company’s total insurance revenue has increased by 12.21 percent.
The company has earned a net insurance premium of Rs 4.65 billion during the review period. In the same period of the previous fiscal year, the company had earned a net insurance premium of Rs 4.01 billion. Compared to the previous year, the company’s net insurance revenue has increased by 15.88 percent.
The company’s annualised earnings per share (EPS) declined to Rs 8.98 billion from Rs 5.01 billion. Last year, the EPS was Rs 9.71. The company has a net worth of Rs 110.60 per share with a PE ratio of 46.03 times.
