Kathmandu. National Life Insurance Company has published its unrevised financial statements for the current fiscal year 2083. The first quarter of the fiscal year 2084 (July-September).
According to the financial statements, the company has earned a profit of Rs 12.56 crore till the end of the current financial year. In the previous financial year, 2082. The company had earned a profit of Rs 14.08 crore till September of the previous financial year. The company’s profit declined by 10.79 percent in the review period compared to the previous financial year.
The company with a paid-up capital of Rs 5.69 billion stood at Rs 2.78 crore in share premium, Rs 75.85 crore in catastrophe fund, Rs 60.49 crore in retained earnings and Rs 32.67 crore in other equity. As of mid-July of the previous year, it was Rs 2.78 crore in share premium, Rs 74.59 crore in catastrophe fund, Rs 48.98 crore in retained earnings and Rs 31.56 crore in other equity.
The life insurance fund of the company stood at Rs 108.45 billion as of the review period. The life insurance fund stood at Rs 93.63 billion in the same period of the previous year. The size of the company’s life insurance fund increased by 15.82 percent in the review year compared to the previous year.
The company had earned a total premium of Rs 7.39 billion till September of the current year. The company had earned a total premium of Rs 5.72 billion in the same period of the previous year. The total insurance premium of the company increased by 29.31 percent in the review year compared to the previous year.
The company earned a net premium of Rs 7.19 billion during the review period. In the previous year, the company had earned a net premium of Rs 5.52 billion. The company’s net insurance premium increased by 30.13 percent compared to the previous year.
The company’s annualized earnings per share (EPS) declined to Rs 8.83 for the end of the current financial year. EPS was Rs 10.30 in the previous year. The company’s net worth per share is Rs 130.19 with a PE ratio of 64.89 times.
