Kathmandu. NLG Insurance Company has released the revised financial statements for the fourth quarter of the last fiscal year 2081/82 BS. Most of the indices of the company have increased during the review period.
The company’s retained earnings stood at Rs 57.4 million at the end of the review period with a share capital of Rs 2.56 billion. Other equities are worth Rs 178.8 million. As of the review year, the company has a disaster fund of Rs 85.7 million. There is 1.38 billion in the special reserve.
In the same period of the previous year, the company’s retained earnings stood at Rs 67.2 million. Other equities stood at Rs 173.7 million. The disaster fund was Rs 77.6 million. There was 1.3 billion in the special reserve.
In the review year, the company earned a total insurance premium of Rs 2.80 billion. In the same period of the previous fiscal year, the company had earned a total insurance premium of Rs 2.46 billion. The company’s total insurance premium has increased compared to the same period of the previous fiscal year.
In this review year, the company has spent Rs 1.86 billion through reinsurance. In the same period of the previous fiscal year, the company had spent Rs 1.82 billion.
The company has earned Rs 939.2 million in net insurance premium in the review year. In the same period of the previous fiscal year, the company had earned a net insurance premium of Rs 640 million. The company’s net insurance revenue has increased by 46.63 percent compared to the previous year.
According to the financial statement, the company has earned a profit of Rs 161.1 million in the review year. In the same period of the previous fiscal year, the company had posted a profit of Rs 146.9 million. The company’s profit increased by 9.66 percent in the review period compared to the previous fiscal year.
In the review year, the company’s earnings per share was Rs 6.28. The price-to-earnings ratio is 124.02 times. The net worth per share is Rs 177.06.
