Kathmandu. Citizen Life Insurance Company for the fiscal year 2082. The company has published its unrevised financial statements for the first quarter (July-September) of 2018.
According to the financial report, the company has earned a net profit of Rs 13.14 crore in the first three months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 13.09 crore in the year to mid-September 2018. The company’s net profit increased by 0.43 percent in the review year compared to the previous year.
As of the review period, the company had a net worth of Rs 23.10 crore in catastrophe fund, Rs 1.15 billion in retained earnings and Rs 60.86 crore in other equity. As of mid-July of the previous year, the company had Rs 21.79 crore in disaster fund, Rs 1.03 billion in retained earnings and Rs 72.78 crore in other equity.
As of mid-September of the current fiscal year, the company’s life insurance fund stood at Rs 21.59 billion. In the same period of the previous year, the life insurance fund was Rs 15.63 billion. The size of the company’s life insurance fund has increased by 38.10 percent in the review period compared to the previous year.
During the review period, the company earned Rs 2.23 billion in total insurance premiums. During the same period, the company earned Rs 1.74 billion in total insurance premiums. The company’s total premium has decreased by 27.78 percent compared to the previous year.
The company has earned Rs 2.12 billion in net insurance premiums till mid-October of the current fiscal year. The company had earned Rs 1.65 billion in net insurance premium in the same period last year. Compared to the previous year, the company’s net premium has increased by 28.73 percent.
The company’s annual earnings per share (EPS) has decreased to Rs 10.52 from Rs 5 billion. In the previous year, the EPS was Rs 13.30. The company has a net worth of Rs 148.93 with a P/E ratio of 41.37 times.
