Kathmandu. Kathmandu: Nepal Insurance Company (NIC) has released its financial statements for the fourth quarter of the fiscal year 2081/82 BS.
The company has a share capital of Rs 1.89 billion and retained earnings of Rs 162.2 million at the end of the review period. The other equity has rs 102.9 million. As of the review year, the company’s disaster fund stood at Rs 111.2 million. There is 1.49 billion in the special reserve.
In the same period of the previous year, the company’s retained earnings stood at Rs 264.4 million. Other equities held Rs 119 million. The disaster fund was Rs 95.4 million. The special reserve had Rs 1.33 billion.
In the review year, the company earned a total insurance premium of Rs 1.83 billion. In the same period of the previous fiscal year, the company had earned a total insurance premium of Rs 1.56 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 886.3 million through reinsurance. In the same period of the previous fiscal year, the company had spent Rs 856.1 million.
The company earned Rs 950.5 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 710 million. Compared to the previous year, the company’s net insurance revenue has increased.
According to the financial statement, the company has earned a profit of Rs 316.4 million in the review year. In the same period of the previous fiscal year, the company had earned a profit of Rs 303.7 million. Compared to the previous fiscal year, the company’s profit increased slightly in the review period.
In the review year, the company’s earnings per share stood at Rs 16.74. The price-to-earnings ratio is 38.55 times. The net worth per share is Rs 198.88.
