Kathmandu. Nepal Reinsurance Company has made public its financial statements for the fourth quarter of the last fiscal year 2080.81.
Until the fourth quarter, the company has earned a total profit of Rs 1.13 billion 16 million from non-life and life insurance businesses. The company had earned a profit of Rs 1.55 billion 88 million in the fourth quarter of the previous year 2079.80. The company’s profit has decreased by 27.41 percent during the review period compared to the previous year.
Until the fourth quarter of the last fiscal year, the company had Rs 4.40 billion 39 million in special reserves, Rs 324 million in the disaster fund, Rs 529 million in retained earnings and Rs 782 million in other equity. As of the fourth quarter of the previous fiscal year, the company had Rs 3.83 billion 80 million in special reserves, Rs 267.4 million in disaster fund, Rs 672.26 million in retained earnings and Rs 729.4 million in other equity. Compared to the previous year, retained earnings have decreased during the review period, while the size of special reserves, disaster fund and other equity has increased.
As of the fourth quarter of the previous fiscal year, the company has earned a total insurance premium of Rs 10.58 billion 85 million. The company had earned a total insurance premium of Rs 11.13 billion 50 million in the same period last year. The company’s total insurance premium income has decreased by 4.91 percent during the review period of the previous fiscal year.
The company has earned a net insurance premium of Rs 9.49 billion 24 lakhs during the review period. The company had earned a net insurance premium of Rs 9.88 billion 3 lakhs during the same period last year. The company’s net insurance premium income has decreased by 3.91 percent during the review period compared to the previous year.
The company’s annual earnings per share (EPS) has decreased to Rs 8.43 during the review period. The annual EPS was Rs 12.17 during the same period last year. The company’s PE ratio, with a net worth of Rs 145 per share, is 92.04 times.
