Kathmandu. Surya Jyoti Life Insurance Company for the financial year 2082. The company has published its unrevised financial statements for the first quarter (July-September) of 2018. With this, Surya Jyoti Life Insurance has become the first insurance company to publish its financial statements for the first 3 months of the current fiscal year.
According to the financial report, Surya Jyoti Life has earned a net profit of Rs 12.80 crore in the first quarter of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 11.53 crore as of mid-September 2018. The company’s profit increased by 11 percent compared to the previous fiscal year.
As of the review period, the company had a calamity fund of Rs 425.7 crore, retained earnings of Rs 1.04 billion and other equity of Rs 25.73 crore. As of mid-July of the previous year, it had Rs 41.35 crore in the catastrophe fund, Rs 93.38 crore in retained earnings and Rs 31.56 crore in other equities.
In the first three months of the current FY, the company’s life insurance fund stood at Rs 43.83 billion. In the previous year, the life insurance fund was Rs 36.04 billion. The size of the life insurance fund of the company has increased by 21.60 percent in the review period compared to the previous year.
In the review period, the company earned a total insurance premium of Rs 2.95 billion. The company had earned Rs 2.49 billion in insurance premiums in the same period last year. The company’s total premium has increased by 18.13 percent compared to the previous year.
The company has earned Rs 2.91 billion in net insurance premiums till mid-September of the current fiscal year. The company had posted a net insurance premium of Rs 2.45 billion in the same period last year. Compared to the previous year, the company’s net premium has increased by 18.74 percent.
The company’s earnings per share (EPS) has increased to Rs 9.78 from Rs 5.01.19 billion. Last year, EPS was Rs 9.20. The company has a net worth of Rs 134.42 with a P/E ratio of 45.69 times.
