Kathmandu. National Life Insurance Company 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 profit of Rs 12.12 lakh in the first three months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 22,67,000 as of mid-October 2018. The company’s net profit decreased by 46.54 percent compared to the previous year.
As of the review period, the company had a total of Rs 1.96 crore in catastrophe fund and Rs 27.20 crore in retained earnings. As of mid-July of the previous year, there was Rs 1.96 crore in the disaster fund and Rs 270.8 million in retained earnings.
As of mid-September of the current fiscal year, the company’s life insurance fund stood at Rs 64.13 billion. In the same period of the previous year, the life insurance fund was Rs 60.24 billion. The life insurance fund of the company increased by 6.46 percent in the review period compared to the previous year.
The company has earned Rs 4.51 billion in insurance premiums in the review period. The company had earned Rs 4.61 billion in insurance premiums during the same period. The company’s total premium has decreased by 2 percent compared to the previous year.
The company has earned Rs 4.50 billion in net insurance premium till mid-September of the current fiscal year. The company had earned a net profit of Rs 4.59 billion in the same period last year. The company’s net premium has decreased by 1.91 percent compared to the previous year.
The company’s earnings per share (EPS) has decreased to Rs 2.68 from Rs 18.10 crore.
