Kathmandu. Nepal Life Insurance for the fiscal year 2082. The company has published its unrevised financial statements for the first quarter (July-September) of 2018.
According to the financial report, the company has earned a net profit of Rs 21.55 crore in the first three months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 20.54 crore as of mid-September 2018. The company’s net profit increased by 4.94 percent in the review year compared to the previous year.
During the review period, the company had a total of Rs 1.34 billion in catastrophe fund, Rs 1.39 billion in retained earnings and Rs 70.67 crore in other equity. As of mid-July of the previous year, the company had invested Rs 1.32 billion in disaster fund, Rs 1.24 billion in retained earnings and Rs 754.4 million in other equities.
As of mid-September of the current fiscal year, the company’s life insurance fund stood at Rs 245.49 billion. In the same period of the previous year, the life insurance fund was Rs 208.44 billion. The life insurance fund size of the company increased by 17.78 percent in the review period compared to the previous year.
During the review period, the company earned Rs 13.50 billion in total insurance premiums. During the same period, the company earned a total income of Rs 11.96 billion. The company’s total premium has increased by 12.82 percent in the review year compared to the previous year.
The company has earned Rs 13.36 billion in net insurance premium till mid-October of the current fiscal year. The company had earned a net premium of Rs 11.81 billion in the same period last year. Compared to the previous year, the company’s net premium has increased by 13.18 percent.
The company’s annual earnings per share (EPS) has decreased to Rs 9.55 from Rs 9.02 billion. The EPS was Rs. 10.01 in the previous year. The company has a PE ratio of 77.99 times and a net worth per share of Rs 138.14.
