Kathmandu. Himalayan Life Insurance for the fiscal year 2081/ 2019/ The financial statements of 82 have been made public.
According to the financial statement, the company has earned a profit of Rs 546.9 million in the review year. The previous fiscal year 2080. The company had posted a net profit of Rs 633.8 million in 2017-19. Compared to the previous fiscal year, the company’s profit declined by 13.71 percent in the review year.
In the review year, the company’s disaster fund stood at Rs 465.9 million and retained earnings at Rs 702.9 million, while other equities stood negative by Rs 144.3 million. In the previous fiscal year, the disaster fund stood at Rs 434.8 million, retained earnings at Rs 1.42 billion and other equities at Rs 252.5 million.
In the last fiscal year, the company’s life insurance fund stood at Rs 76.94 billion. In the previous year, the life insurance fund stood at Rs 64.39 billion. The size of the company’s life insurance fund increased by 19.48 percent in the review period compared to the previous year.
In the review year, the company earned a total insurance premium of Rs 17.66 billion. In the previous fiscal year, the company had earned Rs 16.60 billion in insurance premiums. Compared to the previous year, the company’s total insurance revenue increased by 6.34 percent in the review year.
The company earned Rs 17.26 billion in net insurance premium in the last fiscal year. In the same period of the previous fiscal year, the company had earned Rs 16.19 billion in net insurance premium. The company’s net insurance revenue has increased by 6.60 percent compared to the previous year.
The company’s annualised earnings per share (EPS) declined to Rs 5.98 billion from Rs 9.14 billion. Last year, the EPS was Rs 7.90. The company has a net worth of Rs 111.20 per share with a PE ratio of 68.05 times.
