Kathmandu. IME Life Insurance Company has published the revised financial statements for the third quarter of the fiscal year 2081/82 BS. According to the financial statement, most of the company’s indices have seen an increase.
At the end of the review period, the company’s share capital stood at Rs 5 billion. The company has a retained earnings of Rs 425.6 million. The disaster fund has Rs 229.8 million. The other equity has rs 454.2 million. The size of the company’s life insurance fund is Rs 11.84 billion.
The company had posted a net profit of Rs 366.3 million in the third quarter. In the same period of the previous fiscal year, the company had posted a profit of Rs 331.5 million. Compared to the previous fiscal year, the company’s profit increased by 10.49 percent in the review period.
During the review period, the company earned a total insurance premium of Rs 3.73 billion. In the same period of the previous year, the company had earned a total insurance premium of Rs 3.29 billion. The company’s total insurance revenue has increased by 13 percent in the review period as compared to the previous year.
In the review year, the company earned Rs 3.60 billion in net insurance premium. Net insurance premium has increased by 15 percent in the review year compared to the previous fiscal year. In the same period of the previous year, the company had earned a net insurance premium of Rs 3.11 billion.
During the review period, the company spent Rs 127.6 million through reinsurance. In the same period of the last fiscal year, the company had spent Rs 175.8 million through reinsurance.
During the review period, the company spent Rs 335.9 million on agent commission. In the same period last year, the company had spent Rs 311.7 million on agent commission. Compared to last year, the company spent more money on agent commission during the review period.
The company’s annual earnings per share is Rs 9.77. The net worth of the company is Rs 132.67 per share. The PE ratio is 47.33 times.
