Kathmandu. Reliable Life Insurance has published its unrevised financial statements for the current fiscal year 2083. The first quarter of 84 (July-September).
According to the financial statements, the company has earned a profit of Rs 22.90 crore till September of the current financial year. In the previous financial year, 2082. The company had earned a profit of Rs 25.85 crore till September of the previous financial year. The company’s profit declined by 11.39 percent in the review period compared to the previous financial year.
The company has a paid-up capital of Rs 5.19 billion and has a paid-up capital of Rs 1.39 billion in share premium, Rs 310.3 million in disaster fund, Rs 1.01 billion in retained earnings and Rs 6.314 million in other equity.
As of mid-July of the previous year, the company had invested Rs 1.39 billion in share premium, Rs 287.4 million in catastrophe fund, Rs 81.34 crore in retained earnings and Rs 2.73 crore in other equity.
The life insurance fund of the company stood at Rs 19.40 billion as of the review period. The life insurance fund stood at Rs 14.31 billion in the same period last year. The size of the company’s life insurance fund increased by 35.31 percent in the review year compared to the previous year.
The company earned a total premium of Rs 1.86 billion till September of the current year. The company had earned a total premium of Rs 1.51 billion in the same period of the previous year. The company’s total premium has increased by 23.06 percent in the review year compared to the previous year.
The company earned a net premium of Rs 1.77 billion during the review period. In the previous year, the company had earned a net premium of Rs 1.42 billion. The company’s net insurance premium has increased by 23.85 percent compared to the previous year.
The company’s annualized earnings per share (EPS) declined to Rs 17.63 in the year to September of the current financial year. EPS was Rs 19.90 in the previous year. The company’s net worth per share is Rs 152.45 with a PE ratio of 26.03 times.
