Kathmandu. Himalayan Life Insurance 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 12.77 crore in the first three months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 25.37 crore as of mid-September 2018. The company’s net profit declined by 49.65 percent in the review year compared to the previous year.
During the review period, the company had a net loss of Rs 47.42 crore in catastrophe fund and Rs 77.68 crore in retained earnings. As of mid-July of the previous year, the catastrophe fund had Rs 46.69 crore and retained earnings of Rs 70.29 crore.
As of mid-September of the current fiscal year, the company’s life insurance fund stood at Rs 80.31 billion. In the same period of the previous year, the life insurance fund was Rs 67.17 billion. The life insurance fund size of the company increased by 19.56 percent in the review period compared to the previous year.
During the review period, the company earned Rs 4.43 billion in total insurance premiums. The company had earned Rs 4.27 billion in total insurance premiums in the same period. The company’s total premium has increased by 3.70 percent compared to the previous year.
The company has earned Rs 4.32 billion in net insurance premium till mid-September of the current fiscal year. The company had posted a net profit of Rs 4.17 billion in the same period last year. Compared to the previous year, the company’s net premium has increased by 3.73 percent.
The company’s annual earnings per share (EPS) has decreased to Rs 5.59 from Rs 9.14 billion. The EPS was Rs 12.66 a year ago. The company has a P/E ratio of 63.53 times and a net worth per share of Rs 105.65.
