Kathmandu. National Life Insurance Company fiscal year 2081. The financial statements of 82 have been made public.
According to the financial statement, the company has earned a profit of Rs 20.8 million in the review year. The previous fiscal year 2080. The company had posted a net profit of Rs 24.7 million in 2017-19. Compared to the previous fiscal year, the company’s profit has decreased by 16 percent in the review year.
In the review year, the company’s disaster fund stood at Rs 30.9 million and retained earnings at Rs 463.8 million. In the previous fiscal year, the disaster fund stood at Rs 29 million and retained earnings at Rs 445.1 million.
In the last fiscal year, the company’s life insurance fund stood at Rs 62.28 billion. In the previous year, the life insurance fund stood at Rs 54.69 billion. The size of the company’s life insurance fund increased by 42.97 percent in the review period compared to the previous year.
In the review year, the company earned a total insurance premium of Rs 9.63 billion. In the previous fiscal year, the company had earned a total insurance premium of Rs 9.04 billion. Compared to the previous year, the company’s total insurance revenue increased by 6.60 percent in the review year.
In the last fiscal year, the company earned Rs 9.56 billion in net insurance premium. In the same period of the previous fiscal year, the company had earned a net insurance premium of Rs 9.04 billion. The company’s net insurance revenue has increased by 5.76 percent compared to the previous year.
The company’s annualized earnings per share (EPS) has come down to Rs 11.49 per share from Rs 5 billion. Last year, the EPS was Rs 13.68.
