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 412.8 million in the review year. The previous fiscal year 2080. The company had posted a net profit of Rs 942.8 million in 2017-19. Compared to the previous fiscal year, the company’s profit decreased by 56.22 percent in the review year.
In the review year, the company has rs 667.2 million in disaster fund, Rs 510 million in retained earnings and Rs 421.4 million in other equities. In the previous fiscal year, the disaster fund stood at Rs 623.5 million, retained earnings at Rs 1.70 billion and other equities at Rs 391.2 million.
In the last fiscal year, the company’s life insurance fund stood at Rs 89.91 billion. In the previous year, the life insurance fund stood at Rs 79.01 billion. The size of the company’s life insurance fund increased by 13.80 percent in the review period compared to the previous year.
In the review year, the company earned a total insurance premium of Rs 21.82 billion. In the previous fiscal year, the company had earned a total insurance premium of Rs 20.49 billion. The company’s total insurance revenue has increased by 6.50 percent in the review year compared to the previous year.
In the last fiscal year, the company earned Rs 21.47 billion in net insurance premium. In the same period of the previous fiscal year, the company had earned a net insurance premium of Rs 20.06 billion. The company’s net insurance revenue has increased by 7.03 percent compared to the previous year.
The company’s annualised earnings per share (EPS) declined to Rs 7.92 billion from Rs 5.47 billion. In the previous year, the EPS was Rs 18.81. The company has a net worth of Rs 129.72 per share with a PE ratio of 78.73 times.
