Kathmandu. Asian Life Insurance Company (LIC) in the last fiscal year 2082. The company has made public the unaudited financial statements of 83 years.
According to the financial report, the company has earned a profit of Rs 41.42 crore in the last fiscal year. The company had posted a net profit of Rs 40.93 crore in the previous fiscal year. The company’s net profit increased by 1.19 percent compared to the previous fiscal year.
In the review year, the company had a catastrophic fund of Rs 32.88 crore, retained earnings of Rs 52.67 crore and other equity of Rs 9.14 crore. Last year, the company had a catastrophe fund of Rs 28.74 crore, retained earnings of Rs 86.70 crore and other equity of Rs 98.02 crore.
In the last fiscal year, the company’s life insurance fund stood at Rs 53.17 billion. In the previous year, the life insurance fund was Rs 47.07 billion. The life insurance fund size of the company increased by 12.97 percent in the review year compared to the previous year.
In the review period, the company earned a total insurance premium of Rs 10.64 billion. Last year, the company earned Rs 9.40 billion in total insurance premiums. The company’s total premium has increased by 13.13 percent compared to the previous year.
The company earned Rs 10.44 billion in net insurance premium in the last FY. In the previous fiscal year, the company had earned a net premium of Rs 9.20 billion. Compared to the previous year, the company’s net premium has increased by 13.48 percent.
The company’s earnings per share (EPS) has increased to Rs 7.89 from Rs 5.25 billion. The EPS was Rs 7.80 a year ago. The company has a net worth per share of Rs 120.13 with a P/E ratio of 53.12 times.
