Kathmandu. Sun Nepal Life Insurance Company 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 23.92 crore in the first three months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 16.61 crore as of mid-October 2018. The company’s profit increased by 44.02 percent compared to the previous year.
During the review period, the company had a catastrophic fund of Rs 220.8 million, retained earnings of Rs 1.25 billion and other equity of Rs 330.8 million. As of mid-July of the previous year, the company had Rs 19.66 crore in disaster fund, Rs 98.68 crore in retained earnings and Rs 29.29 crore in other equity.
As of mid-September of the current fiscal year, the company’s life insurance fund stood at Rs 10.41 billion. In the same period of the previous year, the life insurance fund was Rs 7.55 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 has earned a net profit of Rs 1,08,08,000 in total insurance premium in the review period. In the same period last year, the company earned Rs 1.16 billion in total insurance premiums. The company’s total premium has decreased by 6.74 percent compared to the previous year.
The company has earned Rs 1.04 billion in net insurance premiums till mid-October of the current fiscal year. The company had posted a net insurance premium of Rs 1.03 billion in the same period last year. Compared to the previous year, the company’s net premium has increased by 0.89 percent.
The company’s earnings per share (EPS) has increased to Rs 18.95 from Rs 5.03 billion. The EPS was Rs. 16.78 in the previous year. The company has a net worth of Rs 161.89 per share with a P/E ratio of 22.56 times.
