Kathmandu. Himalayan Life Insurance for the fiscal year 2082. The company has made public the unrevised financial statements for the third quarter (July-March) of 83 B.S.
According to the financial report, the company has earned a net profit of Rs 26.14 crore in the first half of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 47.24 crore in the year ended March 1982. The company’s net profit declined by 44.66 percent in the review year compared to the previous year.
During the review period, the company had a net loss of Rs 46.66 crore in catastrophe fund and Rs 99.63 crore in retained earnings and negative other equity of Rs 1.42 billion. As of mid-July of the previous year, the catastrophe fund had Rs 46.59 crore, retained earnings of Rs 70.29 crore and other equities were negative by Rs 14.43 crore.
As of mid-April of the current fiscal year, the company’s life insurance fund stood at Rs 86.09 billion. In the same period of the previous year, the life insurance fund was Rs 73.77 billion. The size of the life insurance fund of the company increased by 16.71 percent in the review period compared to the previous year.
During the review period, the company earned Rs 13.26 billion in total insurance premiums. The company had earned Rs 12.49 billion in insurance premiums during the same period. The company’s total premium has increased by 6.18 percent in the review year compared to the previous year.
The company has earned Rs 12.93 billion in net insurance premiums till mid-April of the current fiscal year. The company had posted a net profit of Rs 12.18 billion in the same period last year. Compared to the previous year, the company’s net premium has increased by 6.18 percent.
The company’s annual earnings per share (EPS) has decreased to Rs 3.81 from Rs 9.14 billion. EPS was Rs. 6.89 in the previous year. The net worth per share of the company is Rs 100.45.
