Kathmandu. Nepal Life Insurance for the fiscal year 2081/ 2019/ The financial statements of 82 have been made public.
According to the financial statement, the company has earned a profit of Rs 603.2 million in the review year. The previous fiscal year 2080. The company had posted a net profit of Rs 513.9 million in 2017-19. Compared to the previous fiscal year, the company’s profit increased by 17.37 percent in the review year.
In the review year, the company has rs 1.32 billion in disaster fund, Rs 1.24 billion in retained earnings and Rs 754.4 million in other equities. In the previous fiscal year, the disaster fund stood at Rs 1.26 billion, retained earnings at Rs 1.92 billion and other equities at Rs 758.2 million.
In the last fiscal year, the company’s life insurance fund stood at Rs 233.67 billion. In the previous year, the life insurance fund stood at Rs 195.07 billion. The size of the company’s life insurance fund increased by 19.79 percent in the review period compared to the previous year.
In the review year, the company earned a total insurance premium of Rs 48.20 billion. In the previous fiscal year, the company had earned a total insurance premium of Rs 40.84 billion. Compared to the previous year, the company’s total insurance revenue has increased by 18 percent in the review year.
In the last fiscal year, the company earned Rs 47.66 billion in net insurance premium. In the same period of the previous fiscal year, the company had earned Rs 40.11 billion in net insurance premium. The company’s net insurance revenue has increased by 18.84 percent compared to the previous year.
The company’s annualised earnings per share (EPS) increased to Rs 6.68 billion from Rs 9.02 billion. Last year, the EPS was Rs 6.26. The company has a net worth of Rs 136.75 per share with a PE ratio of 115.68 times.
