Kathmandu. Asian 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 15.25 crore in the first three months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 13.29 crore in the year ended September 1982. The profit of the company increased by 14.70 percent compared to the previous year.
During the review period, the company had a calamity fund of Rs 29.39 crore, retained earnings of Rs 94.14 crore and other equity of Rs 10.78 crore. As of mid-July of the previous year, it had Rs 27.96 crore in disaster fund, Rs 80.56 crore in retained earnings and Rs 10.64 crore in other equity.
As of mid-September of the current fiscal year, the company’s life insurance fund stood at Rs 48.48 billion. In the same period of the previous year, the life insurance fund was Rs 43.59 billion. The life insurance fund size of the company increased by 11.22 percent in the review period compared to the previous year.
During the review period, the company earned Rs 2.32 billion in total insurance premiums. The company had earned Rs 2.03 billion in total insurance premiums during the same period. The company’s total premium has increased by 14.08 percent compared to the previous year.
The company has earned Rs 2.28 billion in net insurance premium till mid-October of the current fiscal year. The company had earned Rs 2.18 billion in net insurance premium in the same period last year. The company’s net premium has increased by 13.16 percent compared to the previous year.
The company’s earnings per share (EPS) has increased to Rs 12.64 from Rs 4.82 billion. The EPS of the previous year was Rs. 11.02. The company has a net worth of Rs 130.12 per share with a P/E ratio of 35.45 times.
