Kathmandu. Liberty Micro Life Insurance for the financial 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 21.66 lakh in the first three months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 10,58,000 till mid-September 2018. The company’s net profit increased by 104.73 percent in the review year compared to the previous year.
As of the review period, the company has Rs 9,31,000 in catastrophe fund, Rs 66,58,000 in retained earnings and Rs 1,66,52,000 in other equity. As of mid-July last year, the disaster fund had Rs 7,14,000, retained earnings of Rs 48,14,000 and other equities of Rs 1,66,31,000.
As of mid-September of the current fiscal year, the company’s life insurance fund stood at Rs 26.70 crore. In the same period of the previous year, the life insurance fund was Rs 2.39 crore. The life insurance fund size of the company increased by 1014.56 percent in the review period compared to the previous year.
During the review period, the company earned Rs 11.36 crore in total insurance premiums. The company had posted a net profit of Rs 2.14 crore in the same period. The company’s total premium has increased by 430.14 percent compared to the previous year.
The company has earned Rs 9.51 crore in net insurance premium till mid-September of the current fiscal year. The company had posted a net insurance premium of Rs 1,95 crore in the same quarter last year. Compared to the previous year, the company’s net premium has increased by 386.16 percent.
The company’s annual earnings per share (EPS) has increased to Rs 1.65 from Rs 525 million.
