Kathmandu. Prabhu Mahalaxmi Life Insurance Company has published its unaudited financial statements for the current fiscal year 2083. The first quarter (July-September) of the current fiscal year 2083.
According to the financial statements, the company has managed to earn a profit of Rs 9.30 crore till September of the current financial year. In the previous financial year 2082. The company had earned a profit of Rs 6.73 crore till September of the previous financial year. The company’s profit has increased by 45.89 percent in the review period compared to the previous financial year.
The company, which has a paid-up capital of Rs 5.30 billion, stood at Rs 1.93 crore in share premium, Rs 15.83 crore in disaster fund, Rs 51.7 crore in retained earnings and Rs 37.61 crore in other equity. As of mid-July of the previous year, it stood at Rs 1.93 crore in share premium, Rs 14.85 crore in catastrophe fund, Rs 42.82 crore in retained earnings and Rs 28.37 crore in other equity.
The life insurance fund of the company stood at Rs 19.71 billion as of the review period. The life insurance fund stood at Rs 14.84 billion in the same period of the previous year. The size of the company’s life insurance fund increased by 32.81 percent in the review year compared to the previous year.
The company has earned a total premium of Rs 1.88 billion till September of the current year. In the same period last year, the company had earned a total premium of Rs 1.44 billion. The company’s total insurance premium has increased by 30.25 percent in the review year compared to the previous year.
The company earned a net premium of Rs 1.81 billion during the review period. In the previous year, the company had earned a net premium of Rs 1.38 billion. The company’s net insurance premium has increased by 30.30 percent compared to the previous year.
The company’s annualized earnings per share (EPS) has increased to Rs 7.01 for the end of the current financial year. EPS was Rs 4.81 in the previous year. The company’s net worth per share is Rs 120.18 with a PE ratio of 61.34 times.
