Kathmandu. NLG Insurance has released its revised financial statements for the third quarter of the current fiscal year. According to the financial statement, most of the indices of the company have increased, but the profit has decreased slightly.
As of the third quarter of the current fiscal year, the company has rs 1.36 billion in special reserves, Rs 83.8 million in disaster fund, Rs 111.6 million in retained earnings and Rs 178.9 million in other equities.
The company had posted a net profit of Rs 123.3 million in the third quarter. The company had posted a net profit of Rs 136.7 million in the same period of the previous fiscal year. Compared to the previous fiscal year, the company’s profit has decreased in the review period.
Till the third quarter, the company has earned a total insurance premium of Rs 1.87 billion. In the same period of the previous fiscal year, the company had earned a total insurance premium of Rs 1.74 billion. The company’s total insurance revenue has increased compared to the same period of the previous fiscal year.
The company has earned Rs 665.8 million in net insurance premium till the review period. In the same period of the previous fiscal year, the company had earned Rs 505.6 million in net insurance premium. Net insurance premium has increased by 31.66 percent compared to the previous year.
During the review period, the company spent Rs 1.21 billion through reinsurance. In the same period last year, the company had spent Rs 1.23 billion through reinsurance.
At the end of the review period, the company’s solvency margin ratio was 3.42 percent. The company’s annualized earnings per share (EPS) is Rs 6.57. The PE ratio is 134.64 times. The net worth of the company is Rs 180.32 per share.
