Kathmandu. Suryajyoti Life Insurance Company fiscal year 2081. The financial statements of 82 have been made public.
According to the financial statement, Suryajyoti Life has earned a profit of Rs 350 million in the review year. The previous fiscal year 2080. The company had posted a net profit of Rs 345.2 million in 2017-19. Compared to the previous fiscal year, the company’s profit increased by 1.45 percent in the review year.
In the review year, the company has Rs 394.6 million in disaster fund, Rs 472 million in retained earnings and Rs 479 million in other equities. In the previous fiscal year, the disaster fund stood at Rs 377.1 million, retained earnings at Rs 1.15 billion and other equities at Rs 468.8 million.
In the last fiscal year, the company’s life insurance fund stood at Rs 42.31 billion. In the previous year, the life insurance fund stood at Rs 33.71 billion. The size of the company’s life insurance fund increased by 25.50 percent in the review period compared to the previous year.
In the review year, the company has earned a total insurance premium of Rs 11.35 billion. In the previous fiscal year, the company had earned a total insurance premium of Rs 9.47 billion. Compared to the previous year, the company’s total insurance revenue has increased by 19.85 percent in the review year.
In the last fiscal year, the company earned Rs 11.18 billion in net insurance premium. In the same period of the previous fiscal year, the company had earned Rs 9.10 billion in net insurance premium. Compared to the previous year, the company’s net insurance revenue has increased by 22.83 percent.
The company’s annualised earnings per share (EPS) increased to Rs 6.99 billion from Rs 5.01 billion. Last year, the EPS was Rs 6.89. The company has a net worth of Rs 126.85 per share with a PE ratio of 63.91 times.
