Kathmandu. Guardian Micro Life Insurance 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, the company has earned a net profit of Rs 70.84 lakh in the first three months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 5.3 million in the first quarter of 2018. The company’s profit increased by 33.66 percent in the review year compared to the previous year.
During the review period, the company had a catastrophic fund of Rs 32.93 million, retained earnings of Rs 2,21,91,000 and other equity of Rs 2,01,45,000. As of mid-July of the previous year, it had Rs 25.85 crore in the disaster fund, Rs 1,58,86,000 in retained earnings and Rs 2.74 crore in other equity.
As of mid-September of the current fiscal year, the company’s life insurance fund stood at Rs 34.64 crore. In the same period of the previous year, the life insurance fund was Rs 5.25 crore. The size of the life insurance fund of the company increased by 593.47 percent in the review period compared to the previous year.
During the review period, the company earned Rs 13.09 crore in total insurance premiums. The company earned Rs 5.41 crore in total insurance premiums in the same period. The company’s total premium has increased by 141.97 percent compared to the previous year.
The company has earned Rs 11.27 crore in net insurance premium till mid-September of the current fiscal year. The company had posted a net insurance premium of Rs 5.13 crore in the same quarter last year. Compared to the previous year, the company’s net premium has increased by 119.45 percent.
The company’s annual earnings per share (EPS) has decreased to Rs 3.78 from Rs 750 million. The EPS was Rs 4.04 a year ago. The company has a net worth per share of Rs 103.41 with a P/E ratio of 511.93 times.
