Kathmandu. IME Life Insurance Company fiscal year 2081. The financial statements of 82 have been made public.
According to the financial statement, IME Life has earned a profit of Rs 583.3 million in the review year. The previous fiscal year 2080. The company had posted a net profit of Rs 617.4 million in 2017-19. Compared to the previous fiscal year, the company’s profit decreased by 5.56 percent in the review year.
In the review year, the company has rs 255.3 million in disaster fund, Rs 655.4 million in retained earnings and Rs 494.4 million in other equities. In the previous fiscal year, the disaster fund stood at Rs 193.2 million, retained earnings at Rs 1.15 billion and other equities at Rs 528.3 million.
In the last fiscal year, the company’s life insurance fund stood at Rs 13.10 billion. In the previous year, the life insurance fund stood at Rs 9.16 billion. The size of the company’s life insurance fund increased by 42.97 percent in the review period compared to the previous year.
In the review year, the company earned a total insurance premium of Rs 5.65 billion. In the previous fiscal year, the company had earned a total insurance premium of Rs 4.74 billion. Compared to the previous year, the company’s total insurance revenue increased by 19.22 percent in the review year.
In the last fiscal year, the company earned Rs 5.49 billion in net insurance premium. In the same period of the previous fiscal year, the company had earned Rs 4.53 billion in net insurance premium. The company’s net insurance revenue has increased by 21.21 percent compared to the previous year.
The company’s annualized earnings per share (EPS) has come down to Rs 11.67 per share from Rs 5 billion. Last year, the EPS was Rs 12.35. The company has a net worth of Rs 138.58 per share with a PE ratio of 39.60 times.
