Kathmandu. Nepal Reinsurance Company has finally completed the last fiscal year 2081. The bank has made public the revised financial statements for the third quarter (July-March) of 2018.
According to the financial statement, the company has earned a profit of Rs 548.2 million till the third quarter. The company had posted a net profit of Rs 515.8 million in the year-ago period. The company’s profit increased by 6.29 percent in the review period compared to the previous year.
At the end of the review period, the company has a share capital of Rs 13.42 billion, rs 4.67 billion in special reserve, Rs 378.8 million in disaster fund, Rs 743.7 million in retained earnings and Rs 796.8 million in other equities. As of Mid-July last year, the company had Rs 4.40 billion in special reserves, Rs 324 million in disaster fund, Rs 529.9 million in retained earnings and Rs 782.2 million in other equities.
The company has earned a total insurance premium of Rs 7.83 billion till Mid-April of the last fiscal year. In the same period last year, the company had earned a total insurance premium of Rs 6.19 billion. The company’s total insurance premium has increased by 26.53 percent compared to the same period of the previous fiscal year.
The company has earned a net insurance premium of Rs 7.11 billion during the review period. In the same period last year, the company had earned a net insurance premium of Rs 5.15 billion. Net insurance revenue has increased by 38.13 percent compared to the previous year.
The company’s annual earnings per share (EPS) increased to Rs 5.45. Last year, the EPS was Rs 5.36. With a net worth of Rs 149.15 per share, the company’s PE ratio is 239.15 times.
