Kathmandu. Asian Life Insurance Company has released its unrevised 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 earned a profit of Rs 16.13 crore till September of the current financial year. In the previous financial year 2082. The company had earned a profit of Rs 15.25 crore till September of the previous financial year. The company’s profit increased by 5.79 percent in the review period compared to the previous financial year.
The company, which has a paid-up capital of Rs 5.25 billion, stood at Rs 10.99 crore in share premium, Rs 34.5 crore in disaster fund, Rs 670.3 crore in retained earnings and Rs 8.4 crore in other equity. As of mid-July last year, it was Rs 10.99 crore in share premium, Rs 32.88 crore in catastrophe fund, Rs 52.67 crore in retained earnings and Rs 9.14 crore in other equity.
The life insurance fund of the company stood at Rs 54.49 billion during the review period. The life insurance fund stood at Rs 48.48 billion in the same period last year. The size of the company’s life insurance fund increased by 12.39 percent in the review year compared to the previous year.
The company earned a total premium of Rs 2.83 billion in the year to mid-September of the current year. The company had earned a total premium of Rs 2.32 billion in the same period last year. The company’s total premium has increased by 22.15 percent in the review year compared to the previous year.
The company earned a net insurance premium of Rs 2.77 billion during the review period. In the previous year, the company had earned a net premium of Rs 2.28 billion. The company’s net insurance premium increased by 21.37 percent compared to the previous year.
The company’s annualized earnings per share (EPS) has increased to Rs 12.29 for the year prior. EPS was Rs 11.62 in the previous year. The company’s net worth per share is Rs 123.03 with a PE ratio of 35.47 times.
