Kathmandu. MetLife, an American insurance company, 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 9.71 crore in the first three months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 9.65 crore as of mid-September 2018. The company’s net profit increased by 0.68 percent in the review year compared to the previous year.
During the review period, the company had negative assets of Rs 68.68 crore in catastrophe fund, Rs 2.69 billion in retained earnings and Rs 1.19 billion in other equity. As of mid-July last year, the company had Rs 576.8 million in disaster fund, Rs 2.62 billion in retained earnings and Rs 1.17 billion in other equities.
As of mid-September of the current fiscal year, the company has a life insurance fund of Rs 30.61 billion. In the same period of the previous year, the life insurance fund was Rs 26.66 billion. The life insurance fund size of the company increased by 14.83 percent in the review period compared to the previous year.
In the review period, the company earned a total insurance premium of Rs 1.66 billion. The company had earned Rs 1,44.21 crore in total insurance premiums in the same period. The company’s total premium has increased by 15.40 percent compared to the previous year.
The company has earned Rs 1.59 billion in net insurance premium till mid-September of the current fiscal year. The company had earned a net premium of Rs 1,000 crore in the same period last year. Compared to the previous year, the company’s net premium has increased by 16.08 percent.
