Kathmandu. National 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, the company has earned a net profit of Rs 14.08 crore in the first three months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 13.83 crore as of mid-September 2018. The company’s net profit increased by 1.81 percent in the review year compared to the previous year.
During the review period, the company had a catastrophic fund of Rs 68.13 crore, retained earnings of Rs 63.80 crore and other equity of Rs 37.88 crore. As of mid-July of the previous year, it had Rs 66.72 crore in the disaster fund, Rs 510.1 million in retained earnings and Rs 42.14 crore in other equity.
As of mid-September of the current fiscal year, the company’s life insurance fund stood at Rs 93.63 billion. In the same period of the previous year, the life insurance fund was Rs 75.07 billion. The size of the life insurance fund of the company increased by 24.72 percent in the review period compared to the previous year.
The company earned Rs 5.72 billion in total insurance premiums in the review period. In the same period last year, the company earned Rs 4.91 billion in total premiums. The company’s total premium has increased by 16.39 percent in the review year compared to the previous year.
The company has earned Rs 5.52 billion in net insurance premiums till mid-September of the current fiscal year. The company had posted a net profit of Rs 4.85 billion in the same period last year. Compared to the previous year, the company’s net premium has increased by 13.98 percent.
The company’s annual earnings per share (EPS) has decreased to Rs 10.30 from Rs 5.47 billion. The EPS was Rs 10.66 a year ago. The company has a net worth of Rs 131.54 per share with a P/E ratio of 56.11 times.
