Kathmandu. Nepal Reinsurance Company has only last fiscal year 2081. The company has released its unaudited financial statements for the fourth quarter of FY82.
According to the financial report, the company has earned a net profit of Rs 1,03.54 billion in the review period. Previous fiscal year 2080. The company had posted a net profit of Rs 1.13 billion in the review period. The company’s net profit declined by 8.50 percent in the review period compared to the previous year.
During the review period, the company has a share capital of Rs 13.42 billion, special reserve of Rs 4.92 billion, catastrophe fund of Rs 42.76 crore, retained earnings of Rs 93.37 crore and other equity of Rs 82.23 crore. As of mid-July of the previous year, the company had a special reserve of Rs 4.40 billion, a catastrophe fund of Rs 32.4 crore, retained earnings of Rs 52.99 crore and other equity of Rs 78.22 crore.
In the review year, the company’s reinsurance fund stood at Rs 10.43 billion. In the previous year, the reinsurance fund was Rs 9.02 billion. The reinsurance fund has increased by 15.63 percent.
In the last fiscal year, the company earned Rs 12.23 billion in total premium. In the previous fiscal year, the company earned Rs 10.58 billion in insurance premiums. The company’s total premium has increased by 15.57 percent compared to the corresponding period of the last FY.
During the review period, the company earned a net insurance premium of Rs 11.15 billion. The company had posted a net insurance premium of Rs 9.49 billion in the same quarter last year. Compared to the previous year, the net premium has increased by 17.12 percent.
The company’s earnings per share (EPS) declined to Rs 7.71 per share. The EPS was Rs 8.43 a year ago. The net worth per share is Rs 152.54 and the company’s P/E ratio is 163.34 times.
