Kathmandu. IME Life Insurance Company for the financial year 2082. The company has published its unrevised financial statements for the first quarter (July-September) of 2018.
According to the financial report, IME Life has earned a net profit of Rs 15.83 crore in the first quarter of the current fiscal year. Previous fiscal year 2081. The company had posted a net profit of Rs 14.50 crore as of mid-October 2018. The company’s net profit increased by 9.17 percent in the review year compared to the previous year.
During the review period, the company stood at Rs 27.86 crore in catastrophe fund, Rs 86.26 crore in retained earnings and Rs 20.53 crore in other equity. As of mid-July of the previous year, the catastrophe fund was Rs 26.28 crore, Rs 72.17 crore in retained earnings and Rs 23.02 crore in other equities.
In the first three months of the current FY, the company’s life insurance fund stood at Rs 14.18 billion. In the previous year, the life insurance fund was Rs 10.07 billion. The life insurance fund size of the company has increased by 40.82 percent in the review period compared to the previous year.
During the review period, the company earned a total insurance premium of Rs 1.59 billion. The company had earned Rs 1.21 billion in total insurance premiums in the same period last year. The company’s total premium has increased by 30.99 percent compared to the previous year.
The company has earned Rs 1.53 billion in net insurance premium in the current fiscal year. The company had posted a net insurance premium of Rs 1,164 crore in the same period last year. Compared to the previous year, the company’s net premium has increased by 31.96 percent.
The company’s earnings per share (EPS) has increased to Rs 12.67 from Rs 5 billion. Last year, the EPS was Rs 11.60. The company has a net worth of Rs 137.41 per share with a P/E ratio of 33.56 times.
