Kathmandu. Himalayan 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 9.14 billion. The company has a retained earnings of Rs 1.09 billion. The disaster fund has Rs 470.8 million. The company’s life insurance fund size stands at Rs 73.77 billion.
Last year, the rented earnings stood at Rs 1.08 billion. The disaster fund was Rs 470.8 million.
The company had posted a net profit of Rs 472.4 million in the third quarter. In the same period of the previous fiscal year, the company had posted a profit of Rs 435.4 million. The company’s profit increased by 8.49 percent in the review period compared to the previous fiscal year.
During the review period, the company earned a total insurance premium of Rs 12.49 billion. In the same period of the previous year, the company had earned a total insurance premium of Rs 12.33 billion. The company’s total insurance revenue increased by 1.33 percent in the review period as compared to the previous year.
In the review year, the company earned Rs 12.18 billion in net insurance premium. Compared to the previous fiscal year, the net insurance premium has increased slightly in the review year. In the same period of the previous year, the company had earned a net insurance premium of Rs 12.23 billion.
During the review period, the company spent Rs 312.4 million through reinsurance. In the same period of the last fiscal year, the company had spent Rs 308.2 million through reinsurance.
During the review period, the company spent Rs 986.4 million on agent commission. In the same period of the previous year, the company had spent Rs 998.1 million on agent commission. Compared to last year, the company spent less money on agent commission during the review period.
The company’s annual earnings per share is Rs 6.89. The net worth of the company is Rs 116.07 per share. The PE ratio is 61.51 times. The solvency ratio of the company is 3.86.
