Kathmandu. Sanima Reliance Life Insurance for the financial year 2081. The financial statements of 82 have been made public.
According to the financial statement, the company has earned a profit of Rs 377.4 million in the review year. The previous fiscal year 2080. The company had posted a net profit of Rs 350 million in 2017-19. The company’s profit increased by 7.60 percent in the review year compared to the previous fiscal year.
In the review year, the company has rs 157.4 million in disaster fund, Rs 342.6 million in retained earnings and Rs 80.9 million in other equities. In the previous fiscal year, the disaster fund stood at Rs 120.1 million, retained earnings at Rs 1.24 billion and other equities at Rs 72.6 million.
In the last fiscal year, the company’s life insurance fund stood at Rs 19.29 billion. In the previous year, the life insurance fund stood at Rs 14.33 billion. The size of the company’s life insurance fund increased by 34.60 percent in the review period compared to the previous year.
In the review year, the company earned a total insurance premium of Rs 7.53 billion. In the previous fiscal year, the company had earned Rs 6.18 billion in insurance premiums. Compared to the previous year, the company’s total insurance revenue increased by 13.22 percent in the review year.
In the last fiscal year, the company earned Rs 6.76 billion in net insurance premium. In the same period of the previous fiscal year, the company had earned a net insurance premium of Rs 5.86 billion. The company’s net insurance revenue has increased by 15.29 percent compared to the previous year.
The company’s annualised earnings per share (EPS) declined to Rs 7.53 billion from Rs 5.01 billion. Last year, the EPS was Rs 8.38. The company has a net worth of Rs 111.59 per share with a PE ratio of 54.47 times.
