Kathmandu. LIC Nepal has released the revised financial statements for the third quarter of the current fiscal year. According to the financial statements, most of the company’s indices have seen an increase.
The company, which has a share capital of Rs 5 billion, has kept Rs 498 million in the share premium head till the third quarter of the current fiscal year. The disaster fund has Rs 677.6 million, retained earnings Rs 3.37 billion and other equities Rs 398.9 million.
The company has posted a net profit of Rs 236 million in the third quarter. In the same period of the previous fiscal year, the company had earned a profit of Rs 192.4 million. The company’s profit has increased by 22.65 percent in the review period compared to the previous fiscal year.
Till the third quarter, the company has earned a total insurance premium of Rs 14.03 billion. In the same period of the previous fiscal year, the company had earned a total insurance premium of Rs 12.89 billion. Compared to the same period of the previous fiscal year, the company’s total insurance revenue has increased by 8.85 percent.
The company has earned Rs 13.95 billion in net insurance premium till the review period. In the same period of the previous fiscal year, the company had earned a net insurance premium of Rs 12.86 billion. Net insurance revenue has increased by 8.47 percent compared to the previous year.
During the review period, the company spent Rs 84.4 million through reinsurance. In the same period last year, the company had spent Rs 27.5 million through reinsurance. The company has spent Rs 982.8 million through agent commission during this period.
At the end of the review period, the company’s life insurance fund stood at Rs 129.80 billion. In the same period of the previous year, the company’s life insurance fund stood at Rs 1.17 billion. The size of the company’s life insurance fund has increased compared to the previous year.
The company’s annualized earnings per share (EPS) is Rs 6.29. The PE ratio is 154.63 times. The net worth of the company is Rs 198.97 per share.
